Marshall Monteagle (JSE:MMP) Effective Interest Rate on Debt % : 12.89% (As of Sep. 2023)

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What is Marshall Monteagle 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. Marshall Monteagle's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was R36 Mil. Marshall Monteagle's average total debt for the quarter that ended in Sep. 2023 was R276 Mil. Therefore, Marshall Monteagle's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 12.89%.

Marshall Monteagle Effective Interest Rate on Debt % Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle Effective Interest Rate on Debt % Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

Effective Interest Rate on Debt %

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10.33

9.25

7.85

8.51

11.83

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.86	9.34	15.56	20.33	12.89

Competitive Comparison of Marshall Monteagle's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, Marshall Monteagle'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.

Marshall Monteagle's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Marshall Monteagle's Effective Interest Rate on Debt % distribution charts can be found below:

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

Marshall Monteagle Effective Interest Rate on Debt % Calculation

Marshall Monteagle's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2020 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -39.075	/	( (344.584	+	315.981)	/ 2 )
=	-1 * -39.075	/	330.2825
=	11.83 %

where

	Total Debt (A: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	118.911	+	225.673
=	344.584

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117.336	+	198.645
=	315.981

Marshall Monteagle's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -35.58	/	( (315.981	+	236.047)	/ 2 )
=	-1 * -35.58	/	276.014
=	12.89 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117.336	+	198.645
=	315.981

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.21	+	114.837
=	236.047

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Marshall Monteagle (JSE:MMP) Effective Interest Rate on Debt % Explanation

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

Marshall Monteagle Effective Interest Rate on Debt % Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.