Ashtead Technology Holdings (STU:Y9R) Effective Interest Rate on Debt % : 6.59% (As of Dec. 2024)

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What is Ashtead Technology Holdings 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. Ashtead Technology Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €8.6 Mil. Ashtead Technology Holdings's average total debt for the quarter that ended in Dec. 2024 was €131.0 Mil. Therefore, Ashtead Technology Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.59%.

Ashtead Technology Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Ashtead Technology Holdings'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.

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Ashtead Technology Holdings Effective Interest Rate on Debt % Chart

Ashtead Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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6.18

6.91

3.87

5.82

6.16

Ashtead Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								4.97	7.41	7.19	7.77	6.59

Competitive Comparison of Ashtead Technology Holdings's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.

Ashtead Technology Holdings's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ashtead Technology Holdings's Effective Interest Rate on Debt % falls into.

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Ashtead Technology Holdings Effective Interest Rate on Debt % Calculation

Ashtead Technology Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -7.821	/	( (84.162	+	169.658)	/ 2 )
=	-1 * -7.821	/	126.91
=	6.16 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.796	+	1.366
=	84.162

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.284	+	1.374
=	169.658

Ashtead Technology Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -8.632	/	( (92.441	+	169.658)	/ 2 )
=	-1 * -8.632	/	131.0495
=	6.59 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	91.271	+	1.17
=	92.441

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.284	+	1.374
=	169.658

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ashtead Technology Holdings (STU:Y9R) Effective Interest Rate on Debt % Explanation

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

Ashtead Technology Holdings Effective Interest Rate on Debt % Related Terms

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Ashtead Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashtead Technology Holdings PLC (STU:Y9R) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

AT.:UK Y9R:Germany

Address

Ashtead House, Discovery Drive, Westhill, Aberdeenshire, GBR, AB32 6FG

Website

https://www.ashtead-technology.com

Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe; the Americas; Asia-Pacific and the Middle East.

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