WG Wearne (JSE:WEA) Effective Interest Rate on Debt % : 12.65% (As of Aug. 2017)

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What is WG Wearne 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. WG Wearne's annualized positive value of Interest Expense for the quarter that ended in Aug. 2017 was R21.3 Mil. WG Wearne's average total debt for the quarter that ended in Aug. 2017 was R168.1 Mil. Therefore, WG Wearne's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2017 was 12.65%.

WG Wearne Effective Interest Rate on Debt % Historical Data

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

WG Wearne Annual Data

Trend

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Effective Interest Rate on Debt %

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9.90

11.60

8.82

9.89

8.81

WG Wearne Semi-Annual Data
	Feb08	Aug08	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.57	8.53	12.18	4.85	12.65

Competitive Comparison of WG Wearne's Effective Interest Rate on Debt %

For the Building Materials subindustry, WG Wearne'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.

WG Wearne's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, WG Wearne's Effective Interest Rate on Debt % distribution charts can be found below:

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

WG Wearne Effective Interest Rate on Debt % Calculation

WG Wearne's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2016 )	+	Total Debt (A: Feb. 2017 ))	/ count )
=	-1 * -16.962	/	( (210.123	+	175.056)	/ 2 )
=	-1 * -16.962	/	192.5895
=	8.81 %

where

	Total Debt (A: Feb. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	129.95	+	80.173
=	210.123

	Total Debt (A: Feb. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.741	+	131.315
=	175.056

WG Wearne's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2017 )	+	Total Debt (Q: Aug. 2017 ))	/ count )
=	-1 * -21.258	/	( (175.056	+	161.145)	/ 2 )
=	-1 * -21.258	/	168.1005
=	12.65 %

where

	Total Debt (Q: Feb. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.741	+	131.315
=	175.056

	Total Debt (Q: Aug. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.603	+	136.542
=	161.145

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 (Aug. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

WG Wearne (JSE:WEA) Effective Interest Rate on Debt % Explanation

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

WG Wearne Effective Interest Rate on Debt % Related Terms

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WG Wearne (JSE:WEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » WG Wearne Ltd (JSE:WEA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

300 Acacia Road, Stonemill Office Park, P.O Box 1674, 3 Kiepersol House, Cresta, ZAF, 2118

Website

http://www.wearne.co.za

WG Wearne Ltd is a supplier of materials and contracting services to the building and construction industry with a complete building material solution. The company is involved in various big construction projects such as the construction of Rand Afrikaans University, the Western Bypass, the Lesotho Highlands Water Scheme, Soccer City and FNB in Fairlands Johannesburg. It operates across South Africa with concentrated operations in Limpopo and Gauteng provinces. its products include sub base materials, concrete stone, road stone, dump rock, ballast stone, crusher sand, building sand, builders mix, plaster sand, generic concrete range, Wearne specialty concrete, high-performance concrete, base course materials and sub base materials.