NORMA Group SE (XTER:NOEJ) Effective Interest Rate on Debt % : 4.11% (As of Dec. 2023)

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What is NORMA Group SE 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. NORMA Group SE's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €21 Mil. NORMA Group SE's average total debt for the quarter that ended in Dec. 2023 was €518 Mil. Therefore, NORMA Group SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.11%.

NORMA Group SE Effective Interest Rate on Debt % Historical Data

The historical data trend for NORMA Group SE'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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NORMA Group SE Effective Interest Rate on Debt % Chart

NORMA Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.63

2.13

1.88

2.15

4.69

NORMA Group SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.01	3.81	4.97	5.69	4.11

Competitive Comparison of NORMA Group SE's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, NORMA Group SE'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.

NORMA Group SE's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where NORMA Group SE's Effective Interest Rate on Debt % falls into.

NORMA Group SE Effective Interest Rate on Debt % Calculation

NORMA Group SE'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 * -24.08	/	( (516.736	+	509.992)	/ 2 )
=	-1 * -24.08	/	513.364
=	4.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	369.852	+	146.884
=	516.736

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	469.821	+	40.171
=	509.992

NORMA Group SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -21.292	/	( (525.838	+	509.992)	/ 2 )
=	-1 * -21.292	/	517.915
=	4.11 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	491.456	+	34.382
=	525.838

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	469.821	+	40.171
=	509.992

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NORMA Group SE (XTER:NOEJ) Effective Interest Rate on Debt % Explanation

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

NORMA Group SE Effective Interest Rate on Debt % Related Terms

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NORMA Group SE (XTER:NOEJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NORMA Group SE (XTER:NOEJ) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

0P38:UK NOEJ:Austria

Address

Edisonstrasse 4, Maintal, DEU, 63477

Website

https://www.normagroup.com

NORMA Group SE manufactures a wide range of joining technology solutions. Its products are primarily constructed from steel and help seal, connect, or ensure reliable flow of liquids, gases, and other elements. The components and finished solutions are used in various industries and can be found in transportation vehicles, household appliances, engines, plumbing systems, and medical fields. Norma has three primary product categories: clamps, joining elements, and fluid systems/connectors. It supplies single-component, multicomponent, and complex systems to meet customer requirements. The company uses a global sales and distribution network to reach customers and supply customized solutions across Europe, the Americas, and Asia-Pacific.

Executives

Annette Stieve	Board of Directors
Dr. Daniel Heymann	Board of Directors
Guido Hans Grandi	Board of Directors

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