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Lords Group Trading (LSE:LORD) Effective Interest Rate on Debt % : 7.48% (As of Dec. 2023)


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What is Lords Group Trading 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. Lords Group Trading's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £7.2 Mil. Lords Group Trading's average total debt for the quarter that ended in Dec. 2023 was £95.7 Mil. Therefore, Lords Group Trading's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.48%.

Lords Group Trading Effective Interest Rate on Debt % Historical Data

The historical data trend for Lords Group Trading'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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Lords Group Trading Effective Interest Rate on Debt % Chart

Lords Group Trading Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.59 4.55 4.46 5.67 6.90

Lords Group Trading Semi-Annual Data
Dec18 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 4.37 5.13 5.21 5.98 7.48

Competitive Comparison of Lords Group Trading's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, Lords Group Trading'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.

Lords Group Trading's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Lords Group Trading's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lords Group Trading's Effective Interest Rate on Debt % falls into.


Lords Group Trading Effective Interest Rate on Debt % Calculation

Lords Group Trading's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -6.12/( (77.954+99.514)/ 2 )
=-1  *  -6.12/88.734
=6.90 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.11 + 15.844
=77.954

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.192 + 17.322
=99.514

Lords Group Trading'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  *  -7.162/( (91.976+99.514)/ 2 )
=-1  *  -7.162/95.745
=7.48 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.353 + 15.623
=91.976

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.192 + 17.322
=99.514

* 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.

Lords Group Trading  (LSE:LORD) Effective Interest Rate on Debt % Explanation

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

Lords Group Trading Effective Interest Rate on Debt % Related Terms

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Lords Group Trading (LSE:LORD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Lords Group Trading PLC (LSE:LORD) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
7S6:Germany
Address
12-15 Hanger Green, 2nd Floor, London, GBR, W5 3EL
Website
https://www.lordsgrouptradingplc.co.uk
Lords Group Trading PLC is a distributor of building, plumbing, heating, and DIY goods. The group principally sells to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and retails directly to the public. Its operating two divisions include Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities; Heating and Plumbing: a distributor in the UK of heating and plumbing products to a UK network of independent merchants, installers and the general public. It focused on the growing Repairs, Maintenance, and Improvement (RMI) market, and construction market. Its main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies.

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