Olav Thon Eiendomsselskap (LTS:0FHP) Effective Interest Rate on Debt % : 5.68% (As of Jun. 2024)

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What is Olav Thon Eiendomsselskap 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. Olav Thon Eiendomsselskap's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr1,200 Mil. Olav Thon Eiendomsselskap's average total debt for the quarter that ended in Jun. 2024 was kr21,114 Mil. Therefore, Olav Thon Eiendomsselskap's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.68%.

Olav Thon Eiendomsselskap Effective Interest Rate on Debt % Historical Data

The historical data trend for Olav Thon Eiendomsselskap'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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Olav Thon Eiendomsselskap Effective Interest Rate on Debt % Chart

Olav Thon Eiendomsselskap Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.26

3.31

3.30

3.70

5.04

Olav Thon Eiendomsselskap Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.55	5.04	5.67	6.27	5.68

Competitive Comparison of Olav Thon Eiendomsselskap's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Olav Thon Eiendomsselskap'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.

Olav Thon Eiendomsselskap's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Olav Thon Eiendomsselskap's Effective Interest Rate on Debt % distribution charts can be found below:

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

Olav Thon Eiendomsselskap Effective Interest Rate on Debt % Calculation

Olav Thon Eiendomsselskap'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 * -1062	/	( (20641	+	21474)	/ 2 )
=	-1 * -1062	/	21057.5
=	5.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17832	+	2809
=	20641

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19717	+	1757
=	21474

Olav Thon Eiendomsselskap'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: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1200	/	( (20742	+	21486)	/ 2 )
=	-1 * -1200	/	21114
=	5.68 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17859	+	2883
=	20742

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18137	+	3349
=	21486

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

Olav Thon Eiendomsselskap (LTS:0FHP) Effective Interest Rate on Debt % Explanation

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

Olav Thon Eiendomsselskap Effective Interest Rate on Debt % Related Terms

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Olav Thon Eiendomsselskap Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Olav Thon Eiendomsselskap (LTS:0FHP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OLT:Norway 8IL:Germany

Address

Stenersgata 2A, Sentrum, P.O. Box 489, Oslo, NOR, 0105

Website

https://www.olt.no

Olav Thon Eiendomsselskap is a general real estate company that operates in two segments: shopping centers and commercial property. The vast majority of revenue is derived from its shopping center segment. Olav generates most of its revenue in Norway, followed by Sweden. The company aims to realize portfolio returns through active development, effective management, and satisfied tenants. The company considers merger and acquisition investment as a component of its operational growth strategy.

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