Begbies Traynor Group (LSE:BEG) Effective Interest Rate on Debt % : 10.64% (As of Oct. 2023)

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What is Begbies Traynor 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. Begbies Traynor Group's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £1.6 Mil. Begbies Traynor Group's average total debt for the quarter that ended in Oct. 2023 was £15.3 Mil. Therefore, Begbies Traynor Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 10.64%.

Begbies Traynor Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Begbies Traynor 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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Begbies Traynor Group Effective Interest Rate on Debt % Chart

Begbies Traynor Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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5.00

4.91

5.08

6.04

9.00

Begbies Traynor Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.66	6.17	6.80	8.79	10.64

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

For the Specialty Business Services subindustry, Begbies Traynor 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.

Begbies Traynor Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Begbies Traynor Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Begbies Traynor Group Effective Interest Rate on Debt % Calculation

Begbies Traynor Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -1.105	/	( (11.345	+	13.212)	/ 2 )
=	-1 * -1.105	/	12.2785
=	9.00 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.598	+	1.747
=	11.345

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.658	+	1.554
=	13.212

Begbies Traynor Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -1.63	/	( (13.212	+	17.425)	/ 2 )
=	-1 * -1.63	/	15.3185
=	10.64 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.658	+	1.554
=	13.212

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.244	+	2.181
=	17.425

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

Begbies Traynor Group (LSE:BEG) Effective Interest Rate on Debt % Explanation

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

Begbies Traynor Group Effective Interest Rate on Debt % Related Terms

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Begbies Traynor Group (LSE:BEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Begbies Traynor Group PLC (LSE:BEG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BEG.GB:UK

Address

340 Deansgate, Manchester, GBR, M3 4LY

Website

https://www.begbies-traynorgroup.com

Begbies Traynor Group PLC is a professional services consultancy. It provides insolvency, restructuring and consultancy services to businesses, professional advisors, and financial institutions. It provides professional services, such as business rescue options, advisory options, forensic accounting and investigations, corporate and commercial finance, personal insolvency solutions and services to banking, legal, and accounting sectors. The company is managed as two operating segments: insolvency and advisory services, and property advisory and transactional services. The group generates the majority of its revenue from insolvency and advisory services. The group's principal operations and markets are in the UK.

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