Wickes Group (LSE:WIX) Effective Interest Rate on Debt % : 4.31% (As of Dec. 2023)

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What is Wickes 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. Wickes Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £29 Mil. Wickes Group's average total debt for the quarter that ended in Dec. 2023 was £673 Mil. Therefore, Wickes Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.31%.

Wickes Group Effective Interest Rate on Debt % Historical Data

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

Wickes Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.83

3.90

4.10

4.14

Wickes Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					4.16	4.06	4.10	4.05	4.31

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

For the Home Improvement Retail subindustry, Wickes 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.

Wickes Group's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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

Wickes Group Effective Interest Rate on Debt % Calculation

Wickes Group'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 * -28.3	/	( (691.3	+	675.8)	/ 2 )
=	-1 * -28.3	/	683.55
=	4.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	610.4	+	80.9
=	691.3

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	596	+	79.8
=	675.8

Wickes Group'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 * -29	/	( (670.9	+	675.8)	/ 2 )
=	-1 * -29	/	673.35
=	4.31 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	592.6	+	78.3
=	670.9

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	596	+	79.8
=	675.8

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.

Wickes Group (LSE:WIX) Effective Interest Rate on Debt % Explanation

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

Wickes Group Effective Interest Rate on Debt % Related Terms

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Wickes Group (LSE:WIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wickes Group PLC (LSE:WIX) » Definitions » Effective Interest Rate on Debt %

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WIXl:UK

Address

19 Colonial Way, Vision House, Watford, GBR, WD24 4JL

Website

https://www.wickesplc.co.uk

Wickes Group PLC is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value service to customers across the United Kingdom. Its three key customers include the Local Trade, DIY and Do It For Me (DIFM). The company operates from its network of 232 right-sized stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members and its DIY app. These digital channels allow customers to research and order an extended range of its products and services and arrange virtual and in-person design consultations. The company has a single operating segment.