Atome (LSE:ATOM) Effective Interest Rate on Debt % : 17.68% (As of Jun. 2023)

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What is Atome 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. Atome's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £0.06 Mil. Atome's average total debt for the quarter that ended in Jun. 2023 was £0.33 Mil. Therefore, Atome's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 17.68%.

Atome Effective Interest Rate on Debt % Historical Data

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

Atome Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

0.36

Atome Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	-	0.36	8.89	17.68

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

For the Utilities - Renewable subindustry, Atome'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.

Atome's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Atome's Effective Interest Rate on Debt % distribution charts can be found below:

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

Atome Effective Interest Rate on Debt % Calculation

Atome'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 * -0.002	/	( (1.098	+	0.018)	/ 2 )
=	-1 * -0.002	/	0.558
=	0.36 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.017	+	1.081
=	1.098

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.018
=	0.018

Atome'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 * -0.058	/	( (0.018	+	0.638)	/ 2 )
=	-1 * -0.058	/	0.328
=	17.68 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.018
=	0.018

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.63	+	0.008
=	0.638

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.

Atome (LSE:ATOM) Effective Interest Rate on Debt % Explanation

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

Atome Effective Interest Rate on Debt % Related Terms

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Atome (LSE:ATOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atome PLC (LSE:ATOM) » Definitions » Effective Interest Rate on Debt %

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Address

Selby Road, Carrwood Park, Leeds, GBR, LS15 4LG

Website

https://www.atomeplc.com

ATOME Energy PLC produces, markets, and distributes green hydrogen and ammonia. The company's subsidiaries have commenced operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners. The Company currently has projects in two geographical markets such as the Paraguay and Iceland.