Freedom Care Group Holdings (ASX:FCG) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Freedom Care Group Holdings 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. Freedom Care Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Freedom Care Group Holdings's average total debt for the quarter that ended in Dec. 2023 was A$0.64 Mil. Therefore, Freedom Care Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Freedom Care Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Effective Interest Rate on Debt % Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Effective Interest Rate on Debt %

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Effective Interest Rate on Debt %	-	-	-	-

Competitive Comparison of Freedom Care Group Holdings's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Freedom Care Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Freedom Care Group Holdings's Effective Interest Rate on Debt % falls into.

Freedom Care Group Holdings Effective Interest Rate on Debt % Calculation

Freedom Care Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * 0	/	( (0.152	+	0.132)	/ 2 )
=	-1 * 0	/	0.142
=	0.00 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.094	+	0.058
=	0.152

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.038	+	0.094
=	0.132

Freedom Care Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.733	+	0.54)	/ 2 )
=	-1 * 0	/	0.6365
=	0.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.51	+	0.223
=	0.733

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.424	+	0.116
=	0.54

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.

Freedom Care Group Holdings (ASX:FCG) Effective Interest Rate on Debt % Explanation

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

Freedom Care Group Holdings Effective Interest Rate on Debt % Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.