Grab2Go AS (OTSE:GRB2G) Effective Interest Rate on Debt % : 2.00% (As of Jun. 2023)

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What is Grab2Go 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. Grab2Go AS's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.01 Mil. Grab2Go AS's average total debt for the quarter that ended in Jun. 2023 was €0.30 Mil. Therefore, Grab2Go AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 2.00%.

Grab2Go AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Grab2Go 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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Grab2Go AS Effective Interest Rate on Debt % Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

0.33

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	0.67	2.00

Competitive Comparison of Grab2Go AS's Effective Interest Rate on Debt %

For the Business Equipment & Supplies subindustry, Grab2Go 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.

Grab2Go AS's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's Effective Interest Rate on Debt % falls into.

Grab2Go AS Effective Interest Rate on Debt % Calculation

Grab2Go 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 * -0.001	/	( (0	+	0.3)	/ 1 )
=	-1 * -0.001	/	0.3
=	0.33 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.3
=	0.3

Grab2Go 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 * -0.006	/	( (0.3	+	0)	/ 1 )
=	-1 * -0.006	/	0.3
=	2.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.3
=	0.3

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

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.

Grab2Go AS (OTSE:GRB2G) Effective Interest Rate on Debt % Explanation

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

Grab2Go AS Effective Interest Rate on Debt % Related Terms

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Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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