OFX Group (ASX:OFX) Effective Interest Rate on Debt % : 9.81% (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is OFX 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. OFX Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was A$6.1 Mil. OFX Group's average total debt for the quarter that ended in Mar. 2024 was A$62.2 Mil. Therefore, OFX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.81%.

OFX Group Effective Interest Rate on Debt % Historical Data

The historical data trend for OFX 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.

* Premium members only.

OFX Group Effective Interest Rate on Debt % Chart

OFX Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.79

7.07

5.59

13.42

9.66

OFX Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.01	11.43	8.63	9.52	9.81

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

For the Capital Markets subindustry, OFX 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.

OFX Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OFX Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

OFX Group Effective Interest Rate on Debt % Calculation

OFX Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -6.548	/	( (79.142	+	56.381)	/ 2 )
=	-1 * -6.548	/	67.7615
=	9.66 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.035	+	14.107
=	79.142

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.088	+	14.293
=	56.381

OFX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -6.098	/	( (67.946	+	56.381)	/ 2 )
=	-1 * -6.098	/	62.1635
=	9.81 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.277	+	54.669
=	67.946

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.088	+	14.293
=	56.381

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

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

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

OFX Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of OFX Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

OFX Group (ASX:OFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (ASX:OFX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000

Website

https://www.ofx.com

OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.

OFX Group (ASX:OFX) Headlines

No Headlines