Flight Centre Travel Group (Flight Centre Travel Group) Effective Interest Rate on Debt % : 6.07% (As of Dec. 2023)

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What is Flight Centre Travel 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. Flight Centre Travel Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $48 Mil. Flight Centre Travel Group's average total debt for the quarter that ended in Dec. 2023 was $789 Mil. Therefore, Flight Centre Travel Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.07%.

Flight Centre Travel Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Flight Centre Travel 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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Flight Centre Travel Group Effective Interest Rate on Debt % Chart

Flight Centre Travel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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22.91

6.51

2.26

3.61

5.66

Flight Centre Travel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.67	3.01	7.46	8.07	6.07

Competitive Comparison of Flight Centre Travel Group's Effective Interest Rate on Debt %

For the Travel Services subindustry, Flight Centre Travel 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.

Flight Centre Travel Group's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Flight Centre Travel Group Effective Interest Rate on Debt % Calculation

Flight Centre Travel Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -52.013	/	( (924.999	+	911.902)	/ 2 )
=	-1 * -52.013	/	918.4505
=	5.66 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	845.827	+	79.172
=	924.999

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	818.381	+	93.521
=	911.902

Flight Centre Travel 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 * -47.904	/	( (911.902	+	665.21)	/ 2 )
=	-1 * -47.904	/	788.556
=	6.07 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	818.381	+	93.521
=	911.902

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	408.079	+	257.131
=	665.21

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.

Flight Centre Travel Group (OTCPK:FGETF) Effective Interest Rate on Debt % Explanation

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

Flight Centre Travel Group Effective Interest Rate on Debt % Related Terms

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Flight Centre Travel Group (Flight Centre Travel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flight Centre Travel Group Ltd (OTCPK:FGETF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FLI:Germany FLT:Australia

Address

275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101

Website

https://www.fctgl.com

Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

Flight Centre Travel Group (Flight Centre Travel Group) Headlines

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