TT Electronics (STU:7TT) Effective Interest Rate on Debt % : 4.90% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is TT Electronics Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. TT Electronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €11.8 Mil. TT Electronics's average total debt for the quarter that ended in Dec. 2023 was €241.6 Mil. Therefore, TT Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.90%.

TT Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for TT Electronics's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TT Electronics Effective Interest Rate on Debt % Chart

TT Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.81

2.58

2.54

4.23

5.36

TT Electronics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.91	4.20	3.67	5.50	4.90

Competitive Comparison of TT Electronics's Effective Interest Rate on Debt %

For the Electronic Components subindustry, TT Electronics's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TT Electronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TT Electronics's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TT Electronics's Effective Interest Rate on Debt % falls into.

TT Electronics Effective Interest Rate on Debt % Calculation

TT Electronics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -12.536	/	( (233.873	+	233.661)	/ 2 )
=	-1 * -12.536	/	233.767
=	5.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	224.559	+	9.314
=	233.873

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	227.857	+	5.804
=	233.661

TT Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -11.84	/	( (249.63	+	233.661)	/ 2 )
=	-1 * -11.84	/	241.6455
=	4.90 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	238.442	+	11.188
=	249.63

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	227.857	+	5.804
=	233.661

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TT Electronics (STU:7TT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

TT Electronics Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of TT Electronics's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

TT Electronics (STU:7TT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TT Electronics PLC (STU:7TT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TTGPF:USA TTGl:UK TTG:UK 7TT:Germany

Address

West Street, Fourth Floor, St Andrews House, Woking, Surrey, GBR, GU21 6EB

Website

https://www.ttelectronics.com

TT Electronics PLC provides engineered electronics for performance-critical applications across Healthcare, Aerospace and Defense, Automation and electrification, and Distribution markets. It operates in three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. Its products consist of connectors, optoelectronics, resistors, semiconductors, and electromagnetics, among others. Some of its brands are AB Connectors, Aero Stanrew, Power Partners, Semelab, Welwyn Components, and Precision. The geographical segments are the United Kingdom, the Rest of Europe, North America, Asia, and the Rest of the World. It generates maximum revenue from Global Manufacturing Solutions, which provides manufacturing services and engineering solutions.

TT Electronics (STU:7TT) Headlines

No Headlines