L E Lundbergforetagen AB (LTS:0GWB) Effective Interest Rate on Debt % : 3.28% (As of Mar. 2024)

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What is L E Lundbergforetagen 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. L E Lundbergforetagen AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr644 Mil. L E Lundbergforetagen AB's average total debt for the quarter that ended in Mar. 2024 was kr19,651 Mil. Therefore, L E Lundbergforetagen AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.28%.

L E Lundbergforetagen AB Effective Interest Rate on Debt % Historical Data

The historical data trend for L E Lundbergforetagen 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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L E Lundbergforetagen AB Effective Interest Rate on Debt % Chart

L E Lundbergforetagen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.31

1.34

1.47

1.56

2.64

L E Lundbergforetagen AB 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															2.21	-	-	3.22	3.28

Competitive Comparison of L E Lundbergforetagen AB's Effective Interest Rate on Debt %

For the Asset Management subindustry, L E Lundbergforetagen 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.

L E Lundbergforetagen AB's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, L E Lundbergforetagen AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

L E Lundbergforetagen AB Effective Interest Rate on Debt % Calculation

L E Lundbergforetagen AB'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 * -534	/	( (20839	+	19651)	/ 2 )
=	-1 * -534	/	20245
=	2.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15140	+	5699
=	20839

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14955	+	4696
=	19651

L E Lundbergforetagen AB'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 * -644	/	( (19651	+	0)	/ 1 )
=	-1 * -644	/	19651
=	3.28 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14955	+	4696
=	19651

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

L E Lundbergforetagen AB (LTS:0GWB) Effective Interest Rate on Debt % Explanation

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

L E Lundbergforetagen AB Effective Interest Rate on Debt % Related Terms

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L E Lundbergforetagen AB (LTS:0GWB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L E Lundbergforetagen AB (LTS:0GWB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LBGUF:USA LUND B:Sweden LUNDBs:UK LK3B:Germany

Address

Hovslagargatan 5B, PO Box 14048, Stockholm, SWE, 104 40

Website

https://www.lundbergforetagen.se

L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other major shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.

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