Kitwave Group (LSE:KITW) Effective Interest Rate on Debt % : 8.10% (As of Oct. 2023)

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What is Kitwave 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. Kitwave Group's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £5.1 Mil. Kitwave Group's average total debt for the quarter that ended in Oct. 2023 was £62.9 Mil. Therefore, Kitwave Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 8.10%.

Kitwave Group Effective Interest Rate on Debt % Historical Data

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

Kitwave Group Annual Data

Trend

Apr18

Apr19

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

5.53

5.58

3.63

5.74

8.33

Kitwave Group Semi-Annual Data
	Apr18	Apr19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-7.28	4.90	5.53	6.75	8.10

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

For the Food Distribution subindustry, Kitwave 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.

Kitwave Group's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kitwave Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kitwave Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -4.505	/	( (49.103	+	59.074)	/ 2 )
=	-1 * -4.505	/	54.0885
=	8.33 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.24	+	25.863
=	49.103

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.267	+	12.807
=	59.074

Kitwave 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 * -5.098	/	( (66.807	+	59.074)	/ 2 )
=	-1 * -5.098	/	62.9405
=	8.10 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.092	+	22.715
=	66.807

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.267	+	12.807
=	59.074

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.

Kitwave Group (LSE:KITW) Effective Interest Rate on Debt % Explanation

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

Kitwave Group Effective Interest Rate on Debt % Related Terms

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Kitwave Group (LSE:KITW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kitwave Group PLC (LSE:KITW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

8R9:Germany

Address

Narvik Way, Unit S3, Tyne Tunnel Estate, North Shields, Tyne & Wear, GBR, NE29 7XJ

Website

https://www.kitwave.co.uk

Kitwave Group PLC is an independent, delivered wholesale business that supports delivery throughout the UK, specializing in selling impulse products such as confectionery, soft drinks, snacks, ice cream, frozen and chilled foods, alcohol, groceries, and tobacco. The company's reportable segments include Ambient, Frozen and chilled, and Foodservice.

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