Glunz & Jensen Holding A/S (OCSE:GJ) Effective Interest Rate on Debt % : 4.69% (As of Dec. 2023)

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What is Glunz & Jensen Holding A/S 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. Glunz & Jensen Holding A/S's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr3.8 Mil. Glunz & Jensen Holding A/S's average total debt for the quarter that ended in Dec. 2023 was kr81.8 Mil. Therefore, Glunz & Jensen Holding A/S's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.69%.

Glunz & Jensen Holding A/S Effective Interest Rate on Debt % Historical Data

The historical data trend for Glunz & Jensen Holding A/S'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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Glunz & Jensen Holding A/S Effective Interest Rate on Debt % Chart

Glunz & Jensen Holding A/S Annual Data

Trend

May13

May14

May15

May16

May17

Mar19

Mar20

Mar21

Mar22

Dec23

Effective Interest Rate on Debt %

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2.16

1.42

2.68

2.81

5.77

Glunz & Jensen Holding A/S Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.66	1.86	3.37	6.01	4.69

Competitive Comparison of Glunz & Jensen Holding A/S's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Glunz & Jensen Holding A/S'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.

Glunz & Jensen Holding A/S's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glunz & Jensen Holding A/S's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Glunz & Jensen Holding A/S's Effective Interest Rate on Debt % falls into.

Glunz & Jensen Holding A/S Effective Interest Rate on Debt % Calculation

Glunz & Jensen Holding A/S'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: Mar. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -4.52	/	( (79.825	+	76.969)	/ 2 )
=	-1 * -4.52	/	78.397
=	5.77 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.091	+	23.734
=	79.825

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.705	+	20.264
=	76.969

Glunz & Jensen Holding A/S'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 * -3.84	/	( (86.7	+	76.969)	/ 2 )
=	-1 * -3.84	/	81.8345
=	4.69 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.7	+	25
=	86.7

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.705	+	20.264
=	76.969

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.

Glunz & Jensen Holding A/S (OCSE:GJ) Effective Interest Rate on Debt % Explanation

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

Glunz & Jensen Holding A/S Effective Interest Rate on Debt % Related Terms

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Glunz & Jensen Holding A/S (OCSE:GJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glunz & Jensen Holding A/S (OCSE:GJ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Selandia Park 1, Ringsted, DNK, DK-4100

Website

https://www.glunz-jensen.com

Glunz & Jensen Holding A/S is active in the press industry. The company sells and develops hardware, where production is controlled from the company's facilities around Europe, the USA, and China. In addition to press services, the company provides aftermarket services and related products, including assembly tables and display units. The company is headquartered in Ringsted. Product area Flexo and Product area Offset, are both part of the Prepress market. All products and services are connected to setters and printing equipment. Geographically, the majority is from the EMEA (Europe, Middle East, Africa).

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