Aerometrex (ASX:AMX) Effective Interest Rate on Debt % : 4.77% (As of Dec. 2023)

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What is Aerometrex 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. Aerometrex's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.15 Mil. Aerometrex's average total debt for the quarter that ended in Dec. 2023 was A$3.18 Mil. Therefore, Aerometrex's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.77%.

Aerometrex Effective Interest Rate on Debt % Historical Data

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

Aerometrex Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

6.80

2.51

2.47

4.16

Aerometrex Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				3.78	2.35	4.43	4.03	4.77

Competitive Comparison of Aerometrex's Effective Interest Rate on Debt %

For the Software - Application subindustry, Aerometrex'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.

Aerometrex's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Aerometrex's Effective Interest Rate on Debt % distribution charts can be found below:

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

Aerometrex Effective Interest Rate on Debt % Calculation

Aerometrex's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.08	/	( (2.029	+	1.819)	/ 2 )
=	-1 * -0.08	/	1.924
=	4.16 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.684	+	0.345
=	2.029

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.436	+	0.383
=	1.819

Aerometrex'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 * -0.152	/	( (1.819	+	4.548)	/ 2 )
=	-1 * -0.152	/	3.1835
=	4.77 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.436	+	0.383
=	1.819

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.265	+	1.283
=	4.548

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.

Aerometrex (ASX:AMX) Effective Interest Rate on Debt % Explanation

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

Aerometrex Effective Interest Rate on Debt % Related Terms

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Aerometrex (ASX:AMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aerometrex Ltd (ASX:AMX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51-53 Glynburn Road, Glynde, Adelaide, SA, AUS, 5070

Website

https://www.aerometrex.com.au

Aerometrex Ltd is an aerial mapping company. It is specialized in aerial photography and mapping, aerial LiDAR surveys, 3D modelling, and MetroMap. The firm generates its revenue in the form of subscription revenue from the MetroMap aerial imagery subscription service or Data as a Service. Its geographical segment includes Australia and USA. The company derives a majority of revenue from Australia.