Pick N Pay Stores (JSE:PIK) Effective Interest Rate on Debt % : 9.20% (As of Feb. 2024)

View and export this data going back to 1968. Start your Free Trial

What is Pick N Pay Stores 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. Pick N Pay Stores's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was R2,674 Mil. Pick N Pay Stores's average total debt for the quarter that ended in Feb. 2024 was R29,067 Mil. Therefore, Pick N Pay Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 9.20%.

Pick N Pay Stores Effective Interest Rate on Debt % Historical Data

The historical data trend for Pick N Pay Stores'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.

* Premium members only.

Pick N Pay Stores Effective Interest Rate on Debt % Chart

Pick N Pay Stores Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

9.49

8.30

7.52

7.69

9.03

Pick N Pay Stores Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.98	7.59	7.66	8.74	9.20

Competitive Comparison of Pick N Pay Stores's Effective Interest Rate on Debt %

For the Department Stores subindustry, Pick N Pay Stores'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.

Pick N Pay Stores's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Pick N Pay Stores's Effective Interest Rate on Debt % falls into.

Pick N Pay Stores Effective Interest Rate on Debt % Calculation

Pick N Pay Stores's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -2442.6	/	( (23273.4	+	30813.9)	/ 2 )
=	-1 * -2442.6	/	27043.65
=	9.03 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15133.2	+	8140.2
=	23273.4

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20964.8	+	9849.1
=	30813.9

Pick N Pay Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -2674	/	( (27320	+	30813.9)	/ 2 )
=	-1 * -2674	/	29066.95
=	9.20 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20854.3	+	6465.7
=	27320

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20964.8	+	9849.1
=	30813.9

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pick N Pay Stores (JSE:PIK) Effective Interest Rate on Debt % Explanation

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

Pick N Pay Stores Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Pick N Pay Stores's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pick N Pay Stores (JSE:PIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pick N Pay Stores Ltd (JSE:PIK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PIK:Germany

Address

101 Rosmead Avenue, Pick n Pay Office Park, Kenilworth, Cape Town, WC, ZAF, 7708

Website

https://www.pnp.co.za

Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, pharmacies, and an Internet shopping platform.