ITM Power (XTER:IJ8) Effective Interest Rate on Debt % : 7.00% (As of Apr. 2024)

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What is ITM Power 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. ITM Power's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was €0.81 Mil. ITM Power's average total debt for the quarter that ended in Apr. 2024 was €11.60 Mil. Therefore, ITM Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 7.00%.

ITM Power Effective Interest Rate on Debt % Historical Data

The historical data trend for ITM Power'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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ITM Power Effective Interest Rate on Debt % Chart

ITM Power Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Effective Interest Rate on Debt %

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3.29

7.42

7.93

7.04

6.33

ITM Power Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.03	7.47	7.27	7.89	7.00

Competitive Comparison of ITM Power's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, ITM Power'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.

ITM Power's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ITM Power's Effective Interest Rate on Debt % distribution charts can be found below:

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

ITM Power Effective Interest Rate on Debt % Calculation

ITM Power's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2023 )	+	Total Debt (A: Apr. 2024 ))	/ count )
=	-1 * -0.75	/	( (8.869	+	14.819)	/ 2 )
=	-1 * -0.75	/	11.844
=	6.33 %

where

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.798	+	1.071
=	8.869

	Total Debt (A: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.028	+	0.791
=	14.819

ITM Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -0.812	/	( (8.378	+	14.819)	/ 2 )
=	-1 * -0.812	/	11.5985
=	7.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.633	+	0.745
=	8.378

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.028	+	0.791
=	14.819

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

ITM Power (XTER:IJ8) Effective Interest Rate on Debt % Explanation

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

ITM Power Effective Interest Rate on Debt % Related Terms

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ITM Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (XTER:IJ8) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ITMPF:USA ITM.GB:UK ITM:UK

Address

2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ

Website

https://www.itm-power.com

ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.

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