Gamma Communications (LSE:GAMA) Effective Interest Rate on Debt % : 8.33% (As of Dec. 2023)

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What is Gamma Communications 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. Gamma Communications's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £1.0 Mil. Gamma Communications's average total debt for the quarter that ended in Dec. 2023 was £12.0 Mil. Therefore, Gamma Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.33%.

Gamma Communications Effective Interest Rate on Debt % Historical Data

The historical data trend for Gamma Communications'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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Gamma Communications Effective Interest Rate on Debt % Chart

Gamma Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.71

5.06

4.09

3.52

7.23

Gamma Communications Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.40	6.69	-	6.27	8.33

Competitive Comparison of Gamma Communications's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Gamma Communications'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.

Gamma Communications's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Gamma Communications's Effective Interest Rate on Debt % distribution charts can be found below:

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

Gamma Communications Effective Interest Rate on Debt % Calculation

Gamma Communications's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.9	/	( (13.2	+	11.7)	/ 2 )
=	-1 * -0.9	/	12.45
=	7.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.3	+	2.9
=	13.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.4	+	3.3
=	11.7

Gamma Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1	/	( (12.3	+	11.7)	/ 2 )
=	-1 * -1	/	12
=	8.33 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.1	+	3.2
=	12.3

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.4	+	3.3
=	11.7

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

Gamma Communications (LSE:GAMA) Effective Interest Rate on Debt % Explanation

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

Gamma Communications Effective Interest Rate on Debt % Related Terms

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Gamma Communications (LSE:GAMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gamma Communications PLC (LSE:GAMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

6GC:Germany

Address

Kings Road West, Kings House, Newbury, Berkshire, GBR, RG14 5BY

Website

https://www.gamma.co.uk

Gamma Communications PLC is a supplier of Unified Communications as a Service (UCaaS) in the United Kingdom and Dutch markets, supplying communication solutions directly and via its network of trusted channel partners. The company's product portfolio includes Unified Communications, SIP Trunking, Call Management, Mobile, and Connectivity. Its segments consist of UK Indirect, which sells products to channel partners; UK Direct which sells products to end-users in the SME, enterprise, and public sectors together with an associated service wrap; and European segment consists of sales made in Europe; and Central functions.

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