SolidX AB (XSAT:SOLIDX) Effective Interest Rate on Debt % : 65.28% (As of Jan. 2025)

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What is SolidX AB 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. SolidX AB's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was kr4.9 Mil. SolidX AB's average total debt for the quarter that ended in Jan. 2025 was kr7.5 Mil. Therefore, SolidX AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 65.28%.

SolidX AB Effective Interest Rate on Debt % Historical Data

The historical data trend for SolidX AB'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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SolidX AB Effective Interest Rate on Debt % Chart

SolidX AB Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

18.00

6.78

4.44

3.84

SolidX AB Quarterly Data
	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														6.75	16.08	15.25	15.08	65.28

Competitive Comparison of SolidX AB's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, SolidX AB'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.

SolidX AB's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, SolidX AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

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SolidX AB Effective Interest Rate on Debt % Calculation

SolidX AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.122	/	( (3.179	+	0)	/ 1 )
=	-1 * -0.122	/	3.179
=	3.84 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.86	+	0.319
=	3.179

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

SolidX AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -4.928	/	( (7.222	+	7.876)	/ 2 )
=	-1 * -4.928	/	7.549
=	65.28 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.889	+	3.333
=	7.222

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.056	+	4.82
=	7.876

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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SolidX AB (XSAT:SOLIDX) Effective Interest Rate on Debt % Explanation

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

SolidX AB Effective Interest Rate on Debt % Related Terms

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SolidX AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SolidX AB (XSAT:SOLIDX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Sturegatan 12 A, Eslov, SWE, 241 31

Website

https://www.solidx.se

SolidX AB is an IT consulting company in Sweden.

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