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ELMO Rent AS (OTSE:ELMO) Effective Interest Rate on Debt % : 8.86% (As of Jun. 2023)


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What is ELMO Rent AS 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. ELMO Rent AS's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.25 Mil. ELMO Rent AS's average total debt for the quarter that ended in Jun. 2023 was €2.85 Mil. Therefore, ELMO Rent AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 8.86%.

ELMO Rent AS Effective Interest Rate on Debt % Historical Data

The historical data trend for ELMO Rent AS'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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ELMO Rent AS Effective Interest Rate on Debt % Chart

ELMO Rent AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
4.13 9.03 5.95 5.48

ELMO Rent AS Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 8.48 4.09 5.62 6.10 8.86

Competitive Comparison of ELMO Rent AS's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, ELMO Rent AS'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.

ELMO Rent AS's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ELMO Rent AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ELMO Rent AS's Effective Interest Rate on Debt % falls into.


ELMO Rent AS Effective Interest Rate on Debt % Calculation

ELMO Rent AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.121/( (2.004+2.415)/ 2 )
=-1  *  -0.121/2.2095
=5.48 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.352 + 0.652
=2.004

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.474 + 0.941
=2.415

ELMO Rent AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.252/( (2.415+3.276)/ 2 )
=-1  *  -0.252/2.8455
=8.86 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.474 + 0.941
=2.415

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.479 + 0.797
=3.276

* 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.

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ELMO Rent AS  (OTSE:ELMO) Effective Interest Rate on Debt % Explanation

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

ELMO Rent AS Effective Interest Rate on Debt % Related Terms

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ELMO Rent AS (OTSE:ELMO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SHSE:600769 SZSE:300536 SHSE:688509 SZSE:300983 SHSE:600939 SZSE:002307 SHSE:603098 SZSE:300989 SZSE:300597 SZSE:300517 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439
Traded in Other Exchanges
N/A
Address
Kivi 12, Laane-Harju, Paldiski, EST, 76805
Website
https://www.elmorent.ee
ELMO Rent AS is engaged in the provision of green vehicle-sharing services and the development, launching, and scaling of related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

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