Honkarakenne Oyj (OHEL:HONBS) Effective Interest Rate on Debt % : -15.69% (As of Dec. 2023)

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What is Honkarakenne Oyj 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. Honkarakenne Oyj's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €-0.53 Mil. Honkarakenne Oyj's average total debt for the quarter that ended in Dec. 2023 was €3.35 Mil. Therefore, Honkarakenne Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -15.69%.

Honkarakenne Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Honkarakenne Oyj'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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Honkarakenne Oyj Effective Interest Rate on Debt % Chart

Honkarakenne Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.35

3.61

3.06

3.25

4.44

Honkarakenne Oyj 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															-5.68	42.75	-42.55	28.32	-15.69

Competitive Comparison of Honkarakenne Oyj's Effective Interest Rate on Debt %

For the Residential Construction subindustry, Honkarakenne Oyj'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.

Honkarakenne Oyj's Effective Interest Rate on Debt % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Honkarakenne Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

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

Honkarakenne Oyj Effective Interest Rate on Debt % Calculation

Honkarakenne Oyj'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 * -0.137	/	( (2.825	+	3.353)	/ 2 )
=	-1 * -0.137	/	3.089
=	4.44 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.079	+	0.746
=	2.825

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.541	+	0.812
=	3.353

Honkarakenne Oyj'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 * 0.526	/	( (0	+	3.353)	/ 1 )
=	-1 * 0.526	/	3.353
=	-15.69 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.541	+	0.812
=	3.353

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.

Honkarakenne Oyj (OHEL:HONBS) Effective Interest Rate on Debt % Explanation

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

Honkarakenne Oyj Effective Interest Rate on Debt % Related Terms

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Honkarakenne Oyj (OHEL:HONBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Honkarakenne Oyj (OHEL:HONBS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongantie 41, Karstula, FIN, FI-43500

Website

https://www.honka.com

Honkarakenne Oyj is a Finnish company engaged in the manufacture and sales of log houses in Finland and abroad. It supplies contemporary log homes, traditional log homes, holiday lodges and log cabins for organic, healthy and ecological living. The company also offers services including Honka design service, building service, and extension service. Its business is divided into two geographical operating segments including Finland and Export. The company derives a majority of its revenue from Finland.

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