Halfords Group (Halfords Group) Effective Interest Rate on Debt % : 2.64% (As of Sep. 2023)

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What is Halfords 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. Halfords Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $13 Mil. Halfords Group's average total debt for the quarter that ended in Sep. 2023 was $477 Mil. Therefore, Halfords Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 2.64%.

Halfords Group Effective Interest Rate on Debt % Historical Data

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

Halfords Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.25

3.72

2.92

2.41

2.50

Halfords Group 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															2.79	2.41	1.98	3.04	2.64

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

For the Specialty Retail subindustry, Halfords 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.

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

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

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

Halfords Group Effective Interest Rate on Debt % Calculation

Halfords Group'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 * -12.379	/	( (515.415	+	474.03)	/ 2 )
=	-1 * -12.379	/	494.7225
=	2.50 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	416.996	+	98.419
=	515.415

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	368.083	+	105.947
=	474.03

Halfords Group'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 * -12.624	/	( (474.03	+	480.816)	/ 2 )
=	-1 * -12.624	/	477.423
=	2.64 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	368.083	+	105.947
=	474.03

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374.752	+	106.064
=	480.816

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.

Halfords Group (OTCPK:HLFDY) Effective Interest Rate on Debt % Explanation

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

Halfords Group Effective Interest Rate on Debt % Related Terms

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Halfords Group (Halfords Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Halfords Group PLC (OTCPK:HLFDY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Icknield Street Drive, Washford West, Redditch, Worcestershire, GBR, B98 0DE

Website

https://www.halfordscompany.com

Halfords Group PLC is a British retailer of automotive and cycling products. The company also provides repair services. The company operates retail stores and auto centers in the United Kingdom and Ireland, and it participates in online retail as well. The business is divided into two segments: retail and auto centers. The retail segment operates retail outlets for its automotive, leisure, and cycling products. The auto centers segment operates centers for car servicing and repair in the U.K. Halfords' key cycling brands include Apollo, Carrera, and Boardman, but the company offers third-party bike brands as well.