Barita Investments (XJAM:BIL) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Barita Investments 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. Barita Investments's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was JMD0 Mil. Barita Investments's average total debt for the quarter that ended in Mar. 2024 was JMD10,393 Mil. Therefore, Barita Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Barita Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for Barita Investments'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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Barita Investments Effective Interest Rate on Debt % Chart

Barita Investments Annual Data

Trend

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Sep23

Effective Interest Rate on Debt %

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Barita Investments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Barita Investments's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Barita Investments'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.

Barita Investments's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Barita Investments's Effective Interest Rate on Debt % distribution charts can be found below:

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

Barita Investments Effective Interest Rate on Debt % Calculation

Barita Investments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (11503.488	+	14595.018)	/ 2 )
=	-1 * 0	/	13049.253
=	0.00 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11503.488	+	0
=	11503.488

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14595.018	+	0
=	14595.018

Barita Investments'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: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (11545.236	+	9241.26)	/ 2 )
=	-1 * 0	/	10393.248
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11545.236	+	0
=	11545.236

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9241.26	+	0
=	9241.26

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

Barita Investments (XJAM:BIL) Effective Interest Rate on Debt % Explanation

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

Barita Investments Effective Interest Rate on Debt % Related Terms

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Barita Investments (XJAM:BIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Barita Investments Ltd (XJAM:BIL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

15 Street Lucia Way, Kingston, JAM, 5

Website

https://www.barita.com

Barita Investments Ltd is a stock broking company. Its services include fixed-income services, fund management services, and the operation of foreign exchange and other income. The group has three business segments; The fixed income segment includes money market activities and securities broking, the Funds management segment includes the administration of a number of managed funds, and the Other operations segment includes the operation of foreign exchange cambio, investment banking, stock broking, and any other income.