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Hargreaves Lansdown (Hargreaves Lansdown) Effective Interest Rate on Debt % : 5.37% (As of Dec. 2023)


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What is Hargreaves Lansdown 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. Hargreaves Lansdown's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.8 Mil. Hargreaves Lansdown's average total debt for the quarter that ended in Dec. 2023 was $14.2 Mil. Therefore, Hargreaves Lansdown's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.37%.

Hargreaves Lansdown Effective Interest Rate on Debt % Historical Data

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

Hargreaves Lansdown Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.02 3.46 2.57 2.84

Hargreaves Lansdown 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.07 1.10 5.13 - 5.37

Competitive Comparison of Hargreaves Lansdown's Effective Interest Rate on Debt %

For the Asset Management subindustry, Hargreaves Lansdown'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.

Hargreaves Lansdown's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hargreaves Lansdown's Effective Interest Rate on Debt % distribution charts can be found below:

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


Hargreaves Lansdown Effective Interest Rate on Debt % Calculation

Hargreaves Lansdown'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  *  -0.505/( (20.197+15.404)/ 2 )
=-1  *  -0.505/17.8005
=2.84 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.532 + 5.665
=20.197

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.596 + 5.808
=15.404

Hargreaves Lansdown'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  *  -0.76/( (15.404+12.912)/ 2 )
=-1  *  -0.76/14.158
=5.37 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.596 + 5.808
=15.404

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.342 + 5.57
=12.912

* 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.

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.

Hargreaves Lansdown  (OTCPK:HRGLY) Effective Interest Rate on Debt % Explanation

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

Hargreaves Lansdown Effective Interest Rate on Debt % Related Terms

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Hargreaves Lansdown (Hargreaves Lansdown) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hargreaves Lansdown PLC (OTCPK:HRGLY) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:UKW LSE:ABDN LSE:STJ LSE:PCT LSE:ATST LSE:3IN LSE:TRIG LSE:HICL LSE:EMG LSE:RCP BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
HRGLF:USA HLl:UK HL.:UK DMB:Germany
Address
Anchor Road, One College Square South, Bristol, GBR, BS1 5HL
Website
https://www.hl.co.uk
Hargreaves Lansdown PLC operates a large direct-to-investor investment service in the United Kingdom built around offerings tailored to client needs. Clients can elect to hold all their funds, stocks, bonds, ETFs, and other financial instruments in a single service with various tax advantages. The company also offers portfolio rebalancing, discretionary services and managed funds, third-party services, savings management, online and apps offerings, and other retirement solutions. The company's clients mostly comprise individual investors and corporate clients. It primarily earns recurring revenue through the administration and management of assets held under its platform, and secondarily earns transactional revenue through stockbroking commissions and initial advisory fees.

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