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Brighton Pier Group (The) (LSE:PIER) Effective Interest Rate on Debt % : 5.11% (As of Dec. 2023)


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What is Brighton Pier Group (The) 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. Brighton Pier Group (The)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £1.54 Mil. Brighton Pier Group (The)'s average total debt for the quarter that ended in Dec. 2023 was £30.13 Mil. Therefore, Brighton Pier Group (The)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.11%.


Brighton Pier Group (The) Effective Interest Rate on Debt % Historical Data

The historical data trend for Brighton Pier Group (The)'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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Brighton Pier Group (The) Effective Interest Rate on Debt % Chart

Brighton Pier Group (The) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 5.56 2.75 3.14 5.20

Brighton Pier Group (The) Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.97 3.01 4.77 5.91 5.11

Competitive Comparison of Brighton Pier Group (The)'s Effective Interest Rate on Debt %

For the Restaurants subindustry, Brighton Pier Group (The)'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.


Brighton Pier Group (The)'s Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Brighton Pier Group (The)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Brighton Pier Group (The)'s Effective Interest Rate on Debt % falls into.



Brighton Pier Group (The) Effective Interest Rate on Debt % Calculation

Brighton Pier Group (The)'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: Jun. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1.551/( (26.201+33.481)/ 2 )
=-1  *  -1.551/29.841
=5.20 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.359 + 1.842
=26.201

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.998 + 2.483
=33.481

Brighton Pier Group (The)'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  *  -1.538/( (26.771+33.481)/ 2 )
=-1  *  -1.538/30.126
=5.11 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.617 + 2.154
=26.771

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.998 + 2.483
=33.481

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


Brighton Pier Group (The)  (LSE:PIER) Effective Interest Rate on Debt % Explanation

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


Brighton Pier Group (The) Effective Interest Rate on Debt % Related Terms

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Brighton Pier Group (The) (LSE:PIER) Business Description

Traded in Other Exchanges
N/A
Address
36 Drury Lane, London, GBR, WC2B 5RR
Brighton Pier Group (The) PLC acts as an operator of premium bars trading in major towns and cities across the United Kingdom. The company's operating segment includes Brighton Palace Pier, Golf, Bars, and Lightwater Valley. It generates maximum revenue from the Brighton Palace Pier segment.

Brighton Pier Group (The) (LSE:PIER) Headlines

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