Purmo Group (OHEL:PURMO) Effective Interest Rate on Debt % : 10.38% (As of Mar. 2024)

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What is Purmo Group 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. Purmo Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €34.0 Mil. Purmo Group's average total debt for the quarter that ended in Mar. 2024 was €327.5 Mil. Therefore, Purmo Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.38%.

Purmo Group Effective Interest Rate on Debt % Historical Data

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

Purmo Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.69

2.52

4.77

7.72

Purmo Group Quarterly Data
	Dec19	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												8.97	8.57	9.19	16.52	10.38

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

For the Building Products & Equipment subindustry, Purmo Group'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.

Purmo Group's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Purmo Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Purmo Group Effective Interest Rate on Debt % Calculation

Purmo Group'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 * -25.5	/	( (333.2	+	327.3)	/ 2 )
=	-1 * -25.5	/	330.25
=	7.72 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	312.4	+	20.8
=	333.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309.6	+	17.7
=	327.3

Purmo Group'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 * -34	/	( (327.3	+	327.6)	/ 2 )
=	-1 * -34	/	327.45
=	10.38 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309.6	+	17.7
=	327.3

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	306.7	+	20.9
=	327.6

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.

Purmo Group (OHEL:PURMO) Effective Interest Rate on Debt % Explanation

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

Purmo Group Effective Interest Rate on Debt % Related Terms

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Purmo Group (OHEL:PURMO) Business Description

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4M9:Germany

Address

Bulevardi 46, P.O. Box 115, Helsinki, FIN, 00120

Website

https://www.purmogroup.com

Purmo Group PLC offers sustainable indoor climate comfort solutions in Europe. The company's operating segments include two divisions: Radiators and ICS. It generates the majority of the revenue from the Radiators segment which manufactures two broader product categories: panel radiators comprised of horizontal and decorative panel radiators and vertical decorative radiators, and other radiators comprised of towel warmers, decorative tubular radiators, and electric radiators. Its ICS division provides a comprehensive range of components to wholesalers, specifiers, and installers comprising four product categories; radiant heating and cooling, air heating and cooling, water distribution systems, and system components and controls.

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