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NAOS Absolute Opportunities Co (ASX:NAC) Effective Interest Rate on Debt % : 5.65% (As of Dec. 2023)


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What is NAOS Absolute Opportunities Co 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. NAOS Absolute Opportunities Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.97 Mil. NAOS Absolute Opportunities Co's average total debt for the quarter that ended in Dec. 2023 was A$17.17 Mil. Therefore, NAOS Absolute Opportunities Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.65%.

NAOS Absolute Opportunities Co Effective Interest Rate on Debt % Historical Data

The historical data trend for NAOS Absolute Opportunities Co'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.

* Premium members only.

NAOS Absolute Opportunities Co Effective Interest Rate on Debt % Chart

NAOS Absolute Opportunities Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - - 3.51 5.66 5.63

NAOS Absolute Opportunities Co Semi-Annual Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.70 5.60 5.68 5.58 5.65

Competitive Comparison of NAOS Absolute Opportunities Co's Effective Interest Rate on Debt %

For the Asset Management subindustry, NAOS Absolute Opportunities Co'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.

NAOS Absolute Opportunities Co's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NAOS Absolute Opportunities Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NAOS Absolute Opportunities Co's Effective Interest Rate on Debt % falls into.


NAOS Absolute Opportunities Co Effective Interest Rate on Debt % Calculation

NAOS Absolute Opportunities Co'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  *  -0.963/( (17.069+17.151)/ 2 )
=-1  *  -0.963/17.11
=5.63 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.069 + 0
=17.069

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.151 + 0
=17.151

NAOS Absolute Opportunities Co'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  *  -0.97/( (17.151+17.193)/ 2 )
=-1  *  -0.97/17.172
=5.65 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.151 + 0
=17.151

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.193 + 0
=17.193

* 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.

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.

NAOS Absolute Opportunities Co  (ASX:NAC) Effective Interest Rate on Debt % Explanation

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

NAOS Absolute Opportunities Co Effective Interest Rate on Debt % Related Terms

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NAOS Absolute Opportunities Co (ASX:NAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NAOS Absolute Opportunities Co Ltd (ASX:NAC) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:KAT ASX:CAF ASX:PFG ASX:FSI ASX:LRT ASX:SOR ASX:DVR ASX:BPH ASX:NCC ASX:BWF BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
25 Martin Place, Level 34, MLC Centre, Sydney, NSW, AUS, 2000
Website
https://www.naos.com.au
NAOS Absolute Opportunities Co Ltd is an investment company. The company invests in mid-cap listed equities through a long-biased structure with a long-term value focus that can produce positive absolute returns. It operates in Australia and derives revenue from dividend income, interest income and from the investment portfolio.