TheWorks.Co.uk (LSE:WRKS) Effective Interest Rate on Debt % : 4.89% (As of Oct. 2023)

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What is TheWorks.Co.uk 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. TheWorks.Co.uk's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £4.7 Mil. TheWorks.Co.uk's average total debt for the quarter that ended in Oct. 2023 was £96.0 Mil. Therefore, TheWorks.Co.uk's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 4.89%.

TheWorks.Co.uk Effective Interest Rate on Debt % Historical Data

The historical data trend for TheWorks.Co.uk'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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TheWorks.Co.uk Effective Interest Rate on Debt % Chart

TheWorks.Co.uk Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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6.63

6.10

3.80

4.09

4.44

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										4.16	4.17	3.96	4.76	4.89

Competitive Comparison of TheWorks.Co.uk's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, TheWorks.Co.uk'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.

TheWorks.Co.uk's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TheWorks.Co.uk's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TheWorks.Co.uk's Effective Interest Rate on Debt % falls into.

TheWorks.Co.uk Effective Interest Rate on Debt % Calculation

TheWorks.Co.uk's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -4.648	/	( (111.136	+	98.215)	/ 2 )
=	-1 * -4.648	/	104.6755
=	4.44 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.702	+	25.434
=	111.136

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.766	+	23.449
=	98.215

TheWorks.Co.uk's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -4.692	/	( (98.215	+	93.823)	/ 2 )
=	-1 * -4.692	/	96.019
=	4.89 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	74.766	+	23.449
=	98.215

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.713	+	27.11
=	93.823

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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TheWorks.Co.uk (LSE:WRKS) Effective Interest Rate on Debt % Explanation

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

TheWorks.Co.uk Effective Interest Rate on Debt % Related Terms

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TheWorks.Co.uk (LSE:WRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TheWorks.Co.uk PLC (LSE:WRKS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill, Birmingham, GBR, B46 1AL

Website

https://www.theworks.co.uk

TheWorks.Co.uk PLC is a multi-channel specialist retailers. The company's product categories include Books, Stationery, Arts and crafts, and Toys and games. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in EU countries. Some of the company brands include Boldmere, Brain Maze, CMYK Design Works, Corner Piece, Crawford and Black, Easter Wishes, Explore, Learn, Discover, Fun Workz, Make and Create Boutique, The Craft Place, and others. It has one operating segment with two revenue streams, in store and online.

TheWorks.Co.uk (LSE:WRKS) Headlines

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