Highway Capital (LSE:HWC) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2022)

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What is Highway Capital 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. Highway Capital's annualized positive value of Interest Expense for the quarter that ended in Aug. 2022 was £0.00 Mil. Highway Capital's average total debt for the quarter that ended in Aug. 2022 was £0.62 Mil. Therefore, Highway Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2022 was 0.00%.

Highway Capital Effective Interest Rate on Debt % Historical Data

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

Highway Capital Annual Data

Trend

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Feb22

Effective Interest Rate on Debt %

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Highway Capital Semi-Annual Data
	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Highway Capital's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Highway Capital'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.

Highway Capital's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Highway Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Highway Capital Effective Interest Rate on Debt % Calculation

Highway Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2021 )	+	Total Debt (A: Feb. 2022 ))	/ count )
=	-1 * 0	/	( (0.725	+	0.231)	/ 2 )
=	-1 * 0	/	0.478
=	0.00 %

where

	Total Debt (A: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.466	+	0.259
=	0.725

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.231
=	0.231

Highway Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2022 )	+	Total Debt (Q: Aug. 2022 ))	/ count )
=	-1 * 0	/	( (0.231	+	1.011)	/ 2 )
=	-1 * 0	/	0.621
=	0.00 %

where

	Total Debt (Q: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.231
=	0.231

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.011
=	1.011

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Highway Capital (LSE:HWC) Effective Interest Rate on Debt % Explanation

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

Highway Capital Effective Interest Rate on Debt % Related Terms

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Highway Capital (LSE:HWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Highway Capital PLC (LSE:HWC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Reynolds Road, Eden House, Beaconsfield, Buckinghamshire, GBR, HP9 2FL

Website

http://www.highwaycapital.co.uk

Highway Capital PLC is a United Kingdom-based company. The company focuses on investing in or acquiring undervalued companies with either strong asset backing or opportunities, which possess high barriers to entry.