Norwood Systems (ASX:NOR) Effective Interest Rate on Debt % : 14.80% (As of Dec. 2023)

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What is Norwood Systems 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. Norwood Systems's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.07 Mil. Norwood Systems's average total debt for the quarter that ended in Dec. 2023 was A$0.46 Mil. Therefore, Norwood Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.80%.

Norwood Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Norwood Systems'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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Norwood Systems Effective Interest Rate on Debt % Chart

Norwood Systems Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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13.00

13.01

6.66

4.66

7.18

Norwood Systems Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.62	4.94	11.44	14.66	14.80

Competitive Comparison of Norwood Systems's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Norwood Systems'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.

Norwood Systems's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Norwood Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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

Norwood Systems Effective Interest Rate on Debt % Calculation

Norwood Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.063	/	( (0.966	+	0.79)	/ 2 )
=	-1 * -0.063	/	0.878
=	7.18 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.966
=	0.966

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.79
=	0.79

Norwood Systems'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.068	/	( (0.79	+	0.129)	/ 2 )
=	-1 * -0.068	/	0.4595
=	14.80 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.79
=	0.79

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.129
=	0.129

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

Norwood Systems (ASX:NOR) Effective Interest Rate on Debt % Explanation

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

Norwood Systems Effective Interest Rate on Debt % Related Terms

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Norwood Systems (ASX:NOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Norwood Systems Ltd (ASX:NOR) » Definitions » Effective Interest Rate on Debt %

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M2G:Germany

Address

4 Leura Street, Nedlands, Perth, WA, AUS, 6009

Website

https://www.norwoodsystems.com

Norwood Systems Ltd offers innovative cognitive, voice, messaging and data services for carriers, consumers, and enterprises globally. The group provides fast, efficient, and cost-effective service platforms that enable communication service providers to deliver new, monetizable AI-powered services. Its product portfolio consists of World Phone, World Message, World secure and among others.

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