Sirma Group Holding JSC (XBUL:SGH) Effective Interest Rate on Debt % : 2.67% (As of Mar. 2024)

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What is Sirma Group Holding JSC 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. Sirma Group Holding JSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was лв0.07 Mil. Sirma Group Holding JSC's average total debt for the quarter that ended in Mar. 2024 was лв2.54 Mil. Therefore, Sirma Group Holding JSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.67%.

Sirma Group Holding JSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Sirma Group Holding JSC'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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Sirma Group Holding JSC Effective Interest Rate on Debt % Chart

Sirma Group Holding JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.58

1.47

0.68

1.40

1.80

Sirma Group Holding JSC 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															2.70	2.15	1.66	3.33	2.67

Competitive Comparison of Sirma Group Holding JSC's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sirma Group Holding JSC'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.

Sirma Group Holding JSC's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Sirma Group Holding JSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sirma Group Holding JSC's Effective Interest Rate on Debt % falls into.

Sirma Group Holding JSC Effective Interest Rate on Debt % Calculation

Sirma Group Holding JSC'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 * -0.158	/	( (14.912	+	2.612)	/ 2 )
=	-1 * -0.158	/	8.762
=	1.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.994	+	5.918
=	14.912

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.283	+	1.329
=	2.612

Sirma Group Holding JSC'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 * -0.068	/	( (2.612	+	2.473)	/ 2 )
=	-1 * -0.068	/	2.5425
=	2.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.283	+	1.329
=	2.612

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.412	+	1.061
=	2.473

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.

Sirma Group Holding JSC (XBUL:SGH) Effective Interest Rate on Debt % Explanation

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

Sirma Group Holding JSC Effective Interest Rate on Debt % Related Terms

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Sirma Group Holding JSC (XBUL:SGH) Business Description

Industry

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Traded in Other Exchanges

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Address

135 Tsarigradsko Shosse, Area Mladost, Sofia, BGR, 1784

Website

https://www.sirma.com

Sirma Group Holding JSC specializes in information technologies and software development, system integration and software implementation. The company develops semantic platforms and solutions, cognitive software business solutions, industrial applications, mobile platforms and applications, ERP software, solutions and services for the financial industry, payment services, e-government platform and services.