Washington H Soul Pattinson (ASX:SOL) Effective Interest Rate on Debt % : 5.70% (As of Jan. 2024)

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What is Washington H Soul Pattinson 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. Washington H Soul Pattinson's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was A$30.6 Mil. Washington H Soul Pattinson's average total debt for the quarter that ended in Jan. 2024 was A$536.8 Mil. Therefore, Washington H Soul Pattinson's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.70%.

Washington H Soul Pattinson Effective Interest Rate on Debt % Historical Data

The historical data trend for Washington H Soul Pattinson'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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Washington H Soul Pattinson Effective Interest Rate on Debt % Chart

Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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12.44

5.22

3.35

4.34

4.11

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.86	5.44	4.17	5.39	5.70

Competitive Comparison of Washington H Soul Pattinson's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

* The bar in red indicates where Washington H Soul Pattinson's Effective Interest Rate on Debt % falls into.

Washington H Soul Pattinson Effective Interest Rate on Debt % Calculation

Washington H Soul Pattinson's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -20.238	/	( (547.905	+	436.935)	/ 2 )
=	-1 * -20.238	/	492.42
=	4.11 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	341.24	+	206.665
=	547.905

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	204.022	+	232.913
=	436.935

Washington H Soul Pattinson's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -30.594	/	( (436.935	+	636.722)	/ 2 )
=	-1 * -30.594	/	536.8285
=	5.70 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	204.022	+	232.913
=	436.935

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	482.712	+	154.01
=	636.722

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

Washington H Soul Pattinson (ASX:SOL) Effective Interest Rate on Debt % Explanation

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

Washington H Soul Pattinson Effective Interest Rate on Debt % Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » Effective Interest Rate on Debt %

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WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.