Schroderome Growth Fund (LSE:SCF) Effective Interest Rate on Debt % : 6.47% (As of Feb. 2024)

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What is Schroderome Growth Fund 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. Schroderome Growth Fund's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was £1.93 Mil. Schroderome Growth Fund's average total debt for the quarter that ended in Feb. 2024 was £29.75 Mil. Therefore, Schroderome Growth Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 6.47%.

Schroderome Growth Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Schroderome Growth Fund'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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Schroderome Growth Fund Effective Interest Rate on Debt % Chart

Schroderome Growth Fund Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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1.39

1.21

0.78

1.47

4.59

Schroderome Growth Fund 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															1.07	1.80	3.73	5.47	6.47

Competitive Comparison of Schroderome Growth Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Schroderome Growth Fund'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.

Schroderome Growth Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Schroderome Growth Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Schroderome Growth Fund's Effective Interest Rate on Debt % falls into.

Schroderome Growth Fund Effective Interest Rate on Debt % Calculation

Schroderome Growth Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -1.367	/	( (30	+	29.5)	/ 2 )
=	-1 * -1.367	/	29.75
=	4.59 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30	+	0
=	30

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.5	+	0
=	29.5

Schroderome Growth Fund'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 * -1.926	/	( (29.5	+	30)	/ 2 )
=	-1 * -1.926	/	29.75
=	6.47 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.5	+	0
=	29.5

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30	+	0
=	30

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.

Schroderome Growth Fund (LSE:SCF) Effective Interest Rate on Debt % Explanation

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

Schroderome Growth Fund Effective Interest Rate on Debt % Related Terms

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Schroderome Growth Fund (LSE:SCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Schroder Income Growth Fund PLC (LSE:SCF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SCFl:UK

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

https://www.schroders.com

Schroder Income Growth Fund PLC is an investment trust engaged in the business of asset management. It manages assets of institutional and retail investors, financial institutions, and high net worth individuals. The company's objective is to provide growth of income by investing mainly in above average yielding UK equities, fixed income, multi-asset, alternatives and real estate asset classes. It invests across the markets with a focus on building a diversified portfolio within a risk-controlled framework and also consists of research, portfolio construction, and review/sell discipline stages.

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