Alleima AB (Alleima AB) Effective Interest Rate on Debt % : 40.30% (As of Mar. 2024)

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What is Alleima AB 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. Alleima AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $34 Mil. Alleima AB's average total debt for the quarter that ended in Mar. 2024 was $85 Mil. Therefore, Alleima AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 40.30%.

Alleima AB Effective Interest Rate on Debt % Historical Data

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

Alleima AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.09

6.46

6.86

2.48

15.69

Alleima AB Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									39.27	15.09	13.39	27.20	40.30

Competitive Comparison of Alleima AB's Effective Interest Rate on Debt %

For the Steel subindustry, Alleima AB'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.

Alleima AB's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Alleima AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Alleima AB Effective Interest Rate on Debt % Calculation

Alleima AB'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 * -6.922	/	( (38.64	+	49.622)	/ 2 )
=	-1 * -6.922	/	44.131
=	15.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.582	+	9.058
=	38.64

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.948	+	12.674
=	49.622

Alleima AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -34.192	/	( (49.622	+	120.062)	/ 2 )
=	-1 * -34.192	/	84.842
=	40.30 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.948	+	12.674
=	49.622

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.96	+	12.102
=	120.062

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 four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Alleima AB (OTCPK:SAMHF) Effective Interest Rate on Debt % Explanation

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

Alleima AB Effective Interest Rate on Debt % Related Terms

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Alleima AB (Alleima AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Alleima AB (OTCPK:SAMHF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ALLEI:Sweden M46:Germany

Address

Storgatan 2, Sandviken, SWE, SE-811 81

Website

https://www.alleima.com

Alleima AB is a developer, manufacturer, and supplier of high-value-added products in advanced stainless steels and special alloys as well as products for industrial heating. The company's products are sold in approximately 90 countries across the globe. The company's offering includes products like seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes.

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