RM (AQSE:RM.GB) Effective Interest Rate on Debt % : 8.04% (As of Nov. 2023)

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What is RM 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. RM's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £5.8 Mil. RM's average total debt for the quarter that ended in Nov. 2023 was £71.7 Mil. Therefore, RM's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 8.04%.

RM Effective Interest Rate on Debt % Historical Data

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

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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3.98

4.22

3.73

4.27

8.19

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.60	4.00	3.81	7.86	8.04

Competitive Comparison of RM's Effective Interest Rate on Debt %

For the Software - Application subindustry, RM'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.

RM's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

RM Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -5.653	/	( (67.87	+	70.142)	/ 2 )
=	-1 * -5.653	/	69.006
=	8.19 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.998	+	51.872
=	67.87

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.948	+	2.194
=	70.142

RM's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -5.764	/	( (73.168	+	70.142)	/ 2 )
=	-1 * -5.764	/	71.655
=	8.04 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.666	+	5.502
=	73.168

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.948	+	2.194
=	70.142

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

RM (AQSE:RM.GB) Effective Interest Rate on Debt % Explanation

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

RM Effective Interest Rate on Debt % Related Terms

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RM (AQSE:RM.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RM PLC (AQSE:RM.GB) » Definitions » Effective Interest Rate on Debt %

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Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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