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Topdanmark A/S (Topdanmark A/S) Effective Interest Rate on Debt % : 17.37% (As of Mar. 2024)


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What is Topdanmark A/S 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. Topdanmark A/S's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $57 Mil. Topdanmark A/S's average total debt for the quarter that ended in Mar. 2024 was $329 Mil. Therefore, Topdanmark A/S's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.37%.


Topdanmark A/S Effective Interest Rate on Debt % Historical Data

The historical data trend for Topdanmark A/S'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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Topdanmark A/S Effective Interest Rate on Debt % Chart

Topdanmark A/S Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.31 2.47 6.39 4.13 5.29

Topdanmark A/S Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.52 20.78 17.24 19.40 17.37

Competitive Comparison of Topdanmark A/S's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Topdanmark A/S'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.


Topdanmark A/S's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Topdanmark A/S's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Topdanmark A/S's Effective Interest Rate on Debt % falls into.



Topdanmark A/S Effective Interest Rate on Debt % Calculation

Topdanmark A/S'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  *  -15.363/( (280.369+300.082)/ 2 )
=-1  *  -15.363/290.2255
=5.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=280.369 + 0
=280.369

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=300.082 + 0
=300.082

Topdanmark A/S's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -57.144/( (300.082+357.736)/ 2 )
=-1  *  -57.144/328.909
=17.37 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=300.082 + 0
=300.082

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=357.736 + 0
=357.736

* 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.

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


Topdanmark A/S  (OTCPK:TPDKY) Effective Interest Rate on Debt % Explanation

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


Topdanmark A/S Effective Interest Rate on Debt % Related Terms

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Topdanmark A/S (Topdanmark A/S) Business Description

Industry
Traded in Other Exchanges
Address
Borupvang 4, Ballerup, DNK, DK-2750
Topdanmark A/S is a diversified insurance company that offers a variety of insurance products in Denmark. The company strives to maintain an expense ratio lower than the general market. Topdanmark offers life insurance, as well as non-life-insurance products that cover private households and small businesses. The company´s insurance business is segmented into three: Private offers non-life insurance policies to individual households in Denmark. This segment also includes illness and accident insurance offered through the life company; SME offers non-life insurance policies to Danish-based agricultural and SME businesses; Life offers products within life insurance and pension funds to both private and SME customers in Denmark.

Topdanmark A/S (Topdanmark A/S) Headlines

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