Trakm8 Holdings (LSE:TRAK) Effective Interest Rate on Debt % : 9.79% (As of Sep. 2023)

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What is Trakm8 Holdings 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. Trakm8 Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £0.78 Mil. Trakm8 Holdings's average total debt for the quarter that ended in Sep. 2023 was £7.97 Mil. Therefore, Trakm8 Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 9.79%.

Trakm8 Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Trakm8 Holdings'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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Trakm8 Holdings Effective Interest Rate on Debt % Chart

Trakm8 Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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3.01

4.69

5.26

5.86

7.63

Trakm8 Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.61	6.01	5.68	8.82	9.79

Competitive Comparison of Trakm8 Holdings's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Trakm8 Holdings'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.

Trakm8 Holdings's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trakm8 Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Trakm8 Holdings's Effective Interest Rate on Debt % falls into.

Trakm8 Holdings Effective Interest Rate on Debt % Calculation

Trakm8 Holdings'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: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.61	/	( (7.949	+	8.045)	/ 2 )
=	-1 * -0.61	/	7.997
=	7.63 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.222	+	1.727
=	7.949

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.548	+	1.497
=	8.045

Trakm8 Holdings'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 * -0.78	/	( (8.045	+	7.89)	/ 2 )
=	-1 * -0.78	/	7.9675
=	9.79 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.548	+	1.497
=	8.045

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.486	+	6.404
=	7.89

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.

Trakm8 Holdings (LSE:TRAK) Effective Interest Rate on Debt % Explanation

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

Trakm8 Holdings Effective Interest Rate on Debt % Related Terms

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Trakm8 Holdings (LSE:TRAK) Business Description

Industry

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Traded in Other Exchanges

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Address

4 Roman Park, Roman Way, Coleshill, Birmingham, West Midlands, GBR, B46 1HG

Website

https://www.trakm8.com

Trakm8 Holdings PLC is a UK-based company. The company through its subsidiaries is engaged in developing, manufacturing, marketing, and distribution of vehicle telematics devices and services. Its operating segment includes Integrated Telematics Technology. The company generates maximum revenue from Fleet and optimization and Insurance and automotive solutions. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in North America, Norway, the Rest of Europe, and the Rest of the World.