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Charter Court Financial Services Group (CHIX:CCFSL) Effective Interest Rate on Debt % : 16.20% (As of Jun. 2019)


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What is Charter Court Financial Services 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. Charter Court Financial Services Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2019 was £118.0 Mil. Charter Court Financial Services Group's average total debt for the quarter that ended in Jun. 2019 was £728.6 Mil. Therefore, Charter Court Financial Services Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 was 16.20%.

Charter Court Financial Services Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Charter Court Financial Services 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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Charter Court Financial Services Group Effective Interest Rate on Debt % Chart

Charter Court Financial Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
1.68 3.98 9.61 13.44 12.00

Charter Court Financial Services Group Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
Effective Interest Rate on Debt % Get a 7-Day Free Trial 15.82 11.83 11.97 11.68 16.20

Competitive Comparison of Charter Court Financial Services Group's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, Charter Court Financial Services 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.

Charter Court Financial Services Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Charter Court Financial Services Group's Effective Interest Rate on Debt % falls into.


Charter Court Financial Services Group Effective Interest Rate on Debt % Calculation

Charter Court Financial Services Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -96/( (627.4+972.9)/ 2 )
=-1  *  -96/800.15
=12.00 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=627.4 + 0
=627.4

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=972.9 + 0
=972.9

Charter Court Financial Services Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2018 )+Total Debt  (Q: Jun. 2019 ))/ count )
=-1  *  -118/( (972.9+484.2)/ 2 )
=-1  *  -118/728.55
=16.20 %

where

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=972.9 + 0
=972.9

Total Debt  (Q: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=484.2 + 0
=484.2

* 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 (Jun. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Charter Court Financial Services Group  (CHIX:CCFSL) Effective Interest Rate on Debt % Explanation

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

Charter Court Financial Services Group Effective Interest Rate on Debt % Related Terms

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Charter Court Financial Services Group (CHIX:CCFSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Charter Court Financial Services Group PLC (CHIX:CCFSL) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
2 Charter Court, Broadlands, Wolverhampton, GBR, WV10 6TD
Website
http://www.chartercourtfs.co.uk
Charter Court Financial Services Group PLC provides financial services in mortgage loans, online retail savings, and mortgage administration. The group operates through following segments: The Buy to let Lending segment engages in the long-term first charge loans to landlords. The Residential Lending segment engages in the first charge loans to owner-occupiers. The Short Term Lending segment engages in the short term bridging finance to owner-occupiers, landlords, and property developers. The Second Charge Lending segment engages in the long-term second charge loans. The Other segment engages in the central functions of the group, including treasury and third-party mortgage servicing.

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