SmartPay Holdings (NZSE:SPY) Effective Interest Rate on Debt % : 2.98% (As of Mar. 2024)

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What is SmartPay Holdings 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. SmartPay Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NZ$0.38 Mil. SmartPay Holdings's average total debt for the quarter that ended in Mar. 2024 was NZ$12.74 Mil. Therefore, SmartPay Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.98%.

SmartPay Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for SmartPay Holdings'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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SmartPay Holdings Effective Interest Rate on Debt % Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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13.62

6.31

2.61

3.83

5.38

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.73	4.72	4.50	10.51	2.98

Competitive Comparison of SmartPay Holdings's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, SmartPay Holdings'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.

SmartPay Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, SmartPay Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

SmartPay Holdings Effective Interest Rate on Debt % Calculation

SmartPay Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.83	/	( (14.854	+	15.975)	/ 2 )
=	-1 * -0.83	/	15.4145
=	5.38 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.634	+	2.22
=	14.854

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.281	+	1.694
=	15.975

SmartPay Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.38	/	( (9.5	+	15.975)	/ 2 )
=	-1 * -0.38	/	12.7375
=	2.98 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.5	+	0
=	9.5

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.281	+	1.694
=	15.975

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

SmartPay Holdings (NZSE:SPY) Effective Interest Rate on Debt % Explanation

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

SmartPay Holdings Effective Interest Rate on Debt % Related Terms

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SmartPay Holdings (NZSE:SPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.