Verkkokauppa.com Oyj (OHEL:VERK) Effective Interest Rate on Debt % : 6.38% (As of Mar. 2024)

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What is Verkkokauppa.com 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. Verkkokauppa.com Oyj's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €2.4 Mil. Verkkokauppa.com Oyj's average total debt for the quarter that ended in Mar. 2024 was €37.4 Mil. Therefore, Verkkokauppa.com Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.38%.

Verkkokauppa.com Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Verkkokauppa.com 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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Verkkokauppa.com Oyj Effective Interest Rate on Debt % Chart

Verkkokauppa.com Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.04

5.92

0.14

4.66

5.19

Verkkokauppa.com Oyj 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															5.10	5.25	7.13	3.72	6.38

Competitive Comparison of Verkkokauppa.com Oyj's Effective Interest Rate on Debt %

For the Internet Retail subindustry, Verkkokauppa.com 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.

Verkkokauppa.com Oyj's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Verkkokauppa.com Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

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

Verkkokauppa.com Oyj Effective Interest Rate on Debt % Calculation

Verkkokauppa.com 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 * -2.05	/	( (40.955	+	38.011)	/ 2 )
=	-1 * -2.05	/	39.483
=	5.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.084	+	4.871
=	40.955

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.479	+	7.532
=	38.011

Verkkokauppa.com Oyj'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 * -2.388	/	( (38.011	+	36.836)	/ 2 )
=	-1 * -2.388	/	37.4235
=	6.38 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.479	+	7.532
=	38.011

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.075	+	7.761
=	36.836

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.

Verkkokauppa.com Oyj (OHEL:VERK) Effective Interest Rate on Debt % Explanation

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

Verkkokauppa.com Oyj Effective Interest Rate on Debt % Related Terms

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Verkkokauppa.com Oyj (OHEL:VERK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Verkkokauppa.com Oyj (OHEL:VERK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

15V:Germany

Address

Tyynenmerenkatu 11, Helsinki, FIN, 00220

Website

https://www.verkkokauppa.com

Verkkokauppa.com Oyj is a retail store in Finland, and it operates mainly online. It offers thousands of products under various product categories such as computer technology, consumer electronics, toys, games, navigation products, and others. The group sells its products to suppliers through retail stores, the webstore, and other media. The revenue streams of the company consist of the sale of goods and services. The sale of services rendered by the company includes installation and maintenance services, subscription sales and visibility sales. The entire revenue of the company is principally generated from one geographical area, Finland.

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