Viafin Service Oyj (OHEL:VIAFIN) Effective Interest Rate on Debt % : -19.68% (As of Dec. 2023)

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What is Viafin Service 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. Viafin Service Oyj's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €-0.06 Mil. Viafin Service Oyj's average total debt for the quarter that ended in Dec. 2023 was €0.28 Mil. Therefore, Viafin Service Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -19.68%.

Viafin Service Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Viafin Service 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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Viafin Service Oyj Effective Interest Rate on Debt % Chart

Viafin Service Oyj Annual Data

Trend

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.39

0.57

1.30

2.53

Viafin Service Oyj Semi-Annual Data
	Jul17	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-6.70	10.25	-9.19	16.63	-19.68

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

For the Specialty Industrial Machinery subindustry, Viafin Service 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.

Viafin Service Oyj's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Viafin Service Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

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

Viafin Service Oyj Effective Interest Rate on Debt % Calculation

Viafin Service 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 * -0.009	/	( (0.516	+	0.195)	/ 2 )
=	-1 * -0.009	/	0.3555
=	2.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.245	+	0.271
=	0.516

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.006	+	0.189
=	0.195

Viafin Service 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 * 0.056	/	( (0.374	+	0.195)	/ 2 )
=	-1 * 0.056	/	0.2845
=	-19.68 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.111	+	0.263
=	0.374

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.006	+	0.189
=	0.195

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.

Viafin Service Oyj (OHEL:VIAFIN) Effective Interest Rate on Debt % Explanation

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

Viafin Service Oyj Effective Interest Rate on Debt % Related Terms

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Viafin Service Oyj (OHEL:VIAFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Viafin Service Oyj (OHEL:VIAFIN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Kullervonkatu 15, Tampere, FIN, 33500

Website

http://www.viafinservice.fi

Viafin Service Oyj is specialized in industrial maintenance services, installation, and maintenance of industrial piping, equipment, and gas-based systems. It offers wide range of services includes maintenance and system supply of LNG and biogas systems, gas grids, and gas filling stations. The company's business is mainly in Finland and its clientele consists of several major companies in the pulp, energy, chemical, and metal industry.

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