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ParTec AG (FRA:JY0) Effective Interest Rate on Debt % : 61.74% (As of Jun. 2024)


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What is ParTec AG 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. ParTec AG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €6.29 Mil. ParTec AG's average total debt for the quarter that ended in Jun. 2024 was €10.19 Mil. Therefore, ParTec AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 61.74%.

ParTec AG Effective Interest Rate on Debt % Historical Data

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

ParTec AG Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 2.94 7.32 42.03

ParTec AG Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Jun24
Effective Interest Rate on Debt % - - - - 61.74

Competitive Comparison of ParTec AG's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, ParTec AG'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.

ParTec AG's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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


ParTec AG Effective Interest Rate on Debt % Calculation

ParTec AG'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  *  -3.699/( (7.382+10.218)/ 2 )
=-1  *  -3.699/8.8
=42.03 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.13 + 2.252
=7.382

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.838 + 6.38
=10.218

ParTec AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -6.29/( (10.218+10.158)/ 2 )
=-1  *  -6.29/10.188
=61.74 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.838 + 6.38
=10.218

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.158 + 0
=10.158

* 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.

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

ParTec AG  (FRA:JY0) Effective Interest Rate on Debt % Explanation

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

ParTec AG Effective Interest Rate on Debt % Related Terms

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ParTec AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ParTec AG (FRA:JY0) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XTER:MUB FRA:B1GR FRA:TUR ANET DELL SHSE:688041 SZSE:002415 TPE:2382 HPQ TSE:7751 NTAP WDC PSTG SMCI STX HKSE:00992 SHSE:603019 TPE:6669 TPE:2357 XSWX:LOGN
Traded in Other Exchanges
JY0:Germany
Address
Possartstr. 20, Munich, BY, DEU, D-81679
Website
https://www.par-tec.com
ParTec AG develops and supplies super and quantum computers as well as operating software, including consulting and support services, which is used for the development, construction and operation of state-of-the-art high-performance computers (HPC) and quantum computers (QC).

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