Mr Price Group (Mr Price Group) Effective Interest Rate on Debt % : 8.48% (As of Sep. 2023)

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What is Mr Price Group 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. Mr Price Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $41 Mil. Mr Price Group's average total debt for the quarter that ended in Sep. 2023 was $489 Mil. Therefore, Mr Price Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.48%.

Mr Price Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Mr Price Group'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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Mr Price Group Effective Interest Rate on Debt % Chart

Mr Price Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.24

16.75

9.11

8.10

7.69

Mr Price Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.34	8.10	7.37	9.05	8.48

Competitive Comparison of Mr Price Group's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Mr Price Group'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.

Mr Price Group's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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

Mr Price Group Effective Interest Rate on Debt % Calculation

Mr Price Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -38.446	/	( (495.461	+	504.395)	/ 2 )
=	-1 * -38.446	/	499.928
=	7.69 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	397.866	+	97.595
=	495.461

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	387.962	+	116.433
=	504.395

Mr Price Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -41.444	/	( (504.395	+	472.959)	/ 2 )
=	-1 * -41.444	/	488.677
=	8.48 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	387.962	+	116.433
=	504.395

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	335.922	+	137.037
=	472.959

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

Mr Price Group (OTCPK:MRPLY) Effective Interest Rate on Debt % Explanation

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

Mr Price Group Effective Interest Rate on Debt % Related Terms

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Mr Price Group (Mr Price Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (OTCPK:MRPLY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MRP:South Africa

Address

65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001

Website

https://www.mrpricegroup.com

Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.