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. IRESS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $14.20 Mil. IRESS's average total debt for the quarter that ended in Dec. 2023 was $310.03 Mil. Therefore, IRESS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.58%.
IRESS Effective Interest Rate on Debt % Historical Data
The historical data trend for IRESS'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.
Competitive Comparison of IRESS's Effective Interest Rate on Debt %
For the Software - Application subindustry, IRESS'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.
IRESS's Effective Interest Rate on Debt % Distribution in the Software Industry
For the Software industry and Technology sector, IRESS's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where IRESS's Effective Interest Rate on Debt % falls into.
IRESS Effective Interest Rate on Debt % Calculation
IRESS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
IRESS (OTCPK:IRSMF) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
IRESS Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of IRESS's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.
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