Omer SpA (MIL:OMER) Effective Interest Rate on Debt % : 19.56% (As of Dec. 2023)

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What is Omer SpA 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. Omer SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.60 Mil. Omer SpA's average total debt for the quarter that ended in Dec. 2023 was €3.07 Mil. Therefore, Omer SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.56%.

Omer SpA Effective Interest Rate on Debt % Historical Data

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

Omer SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.51

2.73

1.94

5.93

20.24

Omer SpA Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				2.61	3.42	9.26	20.82	19.56

Competitive Comparison of Omer SpA's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Omer SpA'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.

Omer SpA's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Omer SpA Effective Interest Rate on Debt % Calculation

Omer SpA'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 * -0.697	/	( (4.189	+	2.698)	/ 2 )
=	-1 * -0.697	/	3.4435
=	20.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.619	+	1.57
=	4.189

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.248	+	1.45
=	2.698

Omer SpA'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 * -0.6	/	( (3.438	+	2.698)	/ 2 )
=	-1 * -0.6	/	3.068
=	19.56 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.972	+	1.466
=	3.438

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.248	+	1.45
=	2.698

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.

Omer SpA (MIL:OMER) Effective Interest Rate on Debt % Explanation

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

Omer SpA Effective Interest Rate on Debt % Related Terms

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Omer SpA (MIL:OMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omer SpA (MIL:OMER) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

9WR:Germany

Address

Via Foresto, 42, Susegana, ITA, 31058

Website

https://www.omerspa.com

Omer SpA is engaged in the design, production and sale of power tools and the relevant fasteners. Its products include Pneumatic tools and fasteners, Industrial staples under the brand's More, Omer USA, Omer Hungary, Velo, Rapter, Black Magic among others.