Kip McGrath Education Centres (ASX:KME) Effective Interest Rate on Debt % : 6.54% (As of Dec. 2023)

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What is Kip McGrath Education Centres 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. Kip McGrath Education Centres's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.25 Mil. Kip McGrath Education Centres's average total debt for the quarter that ended in Dec. 2023 was A$3.79 Mil. Therefore, Kip McGrath Education Centres's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.54%.

Kip McGrath Education Centres Effective Interest Rate on Debt % Historical Data

The historical data trend for Kip McGrath Education Centres'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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Kip McGrath Education Centres Effective Interest Rate on Debt % Chart

Kip McGrath Education Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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10.48

3.44

1.28

1.68

4.13

Kip McGrath Education Centres Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.37	-0.43	5.77	2.01	6.54

Competitive Comparison of Kip McGrath Education Centres's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Kip McGrath Education Centres'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.

Kip McGrath Education Centres's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Kip McGrath Education Centres's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kip McGrath Education Centres's Effective Interest Rate on Debt % falls into.

Kip McGrath Education Centres Effective Interest Rate on Debt % Calculation

Kip McGrath Education Centres's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.14	/	( (3.149	+	3.625)	/ 2 )
=	-1 * -0.14	/	3.387
=	4.13 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.231	+	1.918
=	3.149

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.067	+	2.558
=	3.625

Kip McGrath Education Centres'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.248	/	( (3.625	+	3.959)	/ 2 )
=	-1 * -0.248	/	3.792
=	6.54 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.067	+	2.558
=	3.625

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.068	+	2.891
=	3.959

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

Kip McGrath Education Centres (ASX:KME) Effective Interest Rate on Debt % Explanation

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

Kip McGrath Education Centres Effective Interest Rate on Debt % Related Terms

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Kip McGrath Education Centres (ASX:KME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Kip McGrath Education Centres Ltd (ASX:KME) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

7 Bond Street, Newcastle, NSW, AUS, 2300

Website

https://www.kipmcgrath.com

Kip McGrath Education Centres Ltd offers supplementary education to students through the franchise in Australia and overseas, in the United Kingdom and New Zealand. Its products are face to face tuition programs, direct at-home educational products and online tertiary courses. Geographically, the company operates in Australasia, the United Kingdom and Europe, and Other overseas regions. It derives revenue from franchise fees, student lesson fees, sales of master territories and franchise centres, and direct sales, of which a majority of the revenue is derived from franchise fees.