Mader Group (ASX:MAD) Effective Interest Rate on Debt % : 6.61% (As of Dec. 2023)

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What is Mader 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. Mader Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$4.3 Mil. Mader Group's average total debt for the quarter that ended in Dec. 2023 was A$65.2 Mil. Therefore, Mader Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.61%.

Mader Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Mader 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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Mader Group Effective Interest Rate on Debt % Chart

Mader Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

2.50

4.89

3.96

6.69

Mader Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					4.55	3.92	5.39	6.10	6.61

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

For the Specialty Business Services subindustry, Mader 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.

Mader Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mader Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mader Group Effective Interest Rate on Debt % Calculation

Mader Group'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 * -3.542	/	( (41.557	+	64.404)	/ 2 )
=	-1 * -3.542	/	52.9805
=	6.69 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.059	+	22.498
=	41.557

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.954	+	16.45
=	64.404

Mader Group'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 * -4.306	/	( (64.404	+	65.909)	/ 2 )
=	-1 * -4.306	/	65.1565
=	6.61 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.954	+	16.45
=	64.404

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.44	+	21.469
=	65.909

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.

Mader Group (ASX:MAD) Effective Interest Rate on Debt % Explanation

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

Mader Group Effective Interest Rate on Debt % Related Terms

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Mader Group (ASX:MAD) Business Description

Industry

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MADGF:USA

Address

2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105

Website

https://www.madergroup.com.au

Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, the United States, and others, of which the majority of the revenue comes from Australia.

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