TURB (Turbo Energy) Effective Interest Rate on Debt % : 9.65% (As of Jun. 2024)

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What is Turbo Energy 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. Turbo Energy's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.36 Mil. Turbo Energy's average total debt for the quarter that ended in Jun. 2024 was $3.75 Mil. Therefore, Turbo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 9.65%.

Turbo Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Turbo Energy'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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Turbo Energy Effective Interest Rate on Debt % Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.87

4.55

6.64

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			5.18	4.17	5.22	12.44	9.65

Competitive Comparison of Turbo Energy's Effective Interest Rate on Debt %

For the Solar subindustry, Turbo Energy'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.

Turbo Energy's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Turbo Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Turbo Energy Effective Interest Rate on Debt % Calculation

Turbo Energy'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 * -0.443	/	( (8.929	+	4.412)	/ 2 )
=	-1 * -0.443	/	6.6705
=	6.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.385	+	8.544
=	8.929

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.123	+	4.289
=	4.412

Turbo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.362	/	( (4.412	+	3.093)	/ 2 )
=	-1 * -0.362	/	3.7525
=	9.65 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.123	+	4.289
=	4.412

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.011	+	3.082
=	3.093

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

Turbo Energy (NAS:TURB) Effective Interest Rate on Debt % Explanation

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

Turbo Energy Effective Interest Rate on Debt % Related Terms

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Turbo Energy Business Description

Industry

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Traded in Other Exchanges

X8WA:Germany

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.