Currys (LSE:CURY) Effective Interest Rate on Debt % : 8.03% (As of Oct. 2023)

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What is Currys 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. Currys's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £112 Mil. Currys's average total debt for the quarter that ended in Oct. 2023 was £1,396 Mil. Therefore, Currys's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 8.03%.

Currys Effective Interest Rate on Debt % Historical Data

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

Currys Annual Data

Trend

Mar13

Mar14

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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3.51

7.41

5.99

7.16

7.49

Currys Semi-Annual Data
	Mar13	Sep13	Mar14	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.49	7.44	7.21	7.29	8.03

Competitive Comparison of Currys's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Currys'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.

Currys's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Currys's Effective Interest Rate on Debt % distribution charts can be found below:

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

Currys Effective Interest Rate on Debt % Calculation

Currys's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -104	/	( (1349	+	1427)	/ 2 )
=	-1 * -104	/	1388
=	7.49 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1137	+	212
=	1349

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1198	+	229
=	1427

Currys's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -112	/	( (1427	+	1364)	/ 2 )
=	-1 * -112	/	1395.5
=	8.03 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1198	+	229
=	1427

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1186	+	178
=	1364

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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Currys (LSE:CURY) Effective Interest Rate on Debt % Explanation

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

Currys Effective Interest Rate on Debt % Related Terms

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Currys (LSE:CURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Currys PLC (LSE:CURY) » Definitions » Effective Interest Rate on Debt %

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DSITF:USA CURYl:UK

Address

1 Portal Way, London, GBR, W3 6RS

Website

https://www.currysplc.com

Currys PLC is an omnichannel retailer of technology products and services with 832 stores across eight countries. The company's main brands are Currys in the United Kingdom and Ireland, Elkjop in the Nordics, and Kotsovolos in Greece. Through the company's full range of services and support, customers can discover, choose, afford, and enjoy the right technology. Group operations are supported by a sourcing office in Hong Kong, state-of-the-art repair facilities, and a comprehensive distribution network that enables fast and efficient delivery to stores and homes.

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