Manchester & London Investment Trust (LSE:MNL) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Manchester & London Investment Trust 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. Manchester & London Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was £2.7 Mil. Manchester & London Investment Trust's average total debt for the quarter that ended in Jan. 2024 was £0.0 Mil. Therefore, Manchester & London Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was N/A%.

Manchester & London Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Manchester & London Investment Trust'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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Manchester & London Investment Trust Effective Interest Rate on Debt % Chart

Manchester & London Investment Trust Annual Data

Trend

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Effective Interest Rate on Debt %

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Manchester & London Investment Trust Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
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Competitive Comparison of Manchester & London Investment Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Manchester & London Investment Trust'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.

Manchester & London Investment Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Manchester & London Investment Trust's Effective Interest Rate on Debt % falls into.

Manchester & London Investment Trust Effective Interest Rate on Debt % Calculation

Manchester & London Investment Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -2.047	/	( (0	+	0)	/ 1 )
=	-1 * -2.047	/	0
=	N/A %

where

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

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Manchester & London Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -2.71	/	( (0	+	0)	/ 1 )
=	-1 * -2.71	/	0
=	N/A %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Manchester & London Investment Trust (LSE:MNL) Effective Interest Rate on Debt % Explanation

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

Manchester & London Investment Trust Effective Interest Rate on Debt % Related Terms

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Manchester & London Investment Trust (LSE:MNL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manchester & London Investment Trust PLC (LSE:MNL) » Definitions » Effective Interest Rate on Debt %

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MNLl:UK

Address

12a Princes Gate Mews, London, GBR, SW7 2PS

Website

https://www.mlcapman.com

Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.

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