CVC (ASX:CVCG.PFD) Effective Interest Rate on Debt % : 7.35% (As of Dec. 2023)

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What is CVC 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. CVC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$8.85 Mil. CVC's average total debt for the quarter that ended in Dec. 2023 was A$120.34 Mil. Therefore, CVC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.35%.

CVC Effective Interest Rate on Debt % Historical Data

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

CVC Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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6.99

7.12

10.29

10.25

8.56

CVC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.02	9.62	8.91	8.63	7.35

Competitive Comparison of CVC's Effective Interest Rate on Debt %

For the Asset Management subindustry, CVC'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.

CVC's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

CVC Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -7.492	/	( (85.763	+	89.235)	/ 2 )
=	-1 * -7.492	/	87.499
=	8.56 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.566	+	59.197
=	85.763

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	87.69	+	1.545
=	89.235

CVC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -8.848	/	( (89.235	+	151.446)	/ 2 )
=	-1 * -8.848	/	120.3405
=	7.35 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	87.69	+	1.545
=	89.235

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.473	+	29.973
=	151.446

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

CVC (ASX:CVCG.PFD) Effective Interest Rate on Debt % Explanation

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

CVC Effective Interest Rate on Debt % Related Terms

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CVC (ASX:CVCG.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CVC Ltd (ASX:CVCG.PFD) » Definitions » Effective Interest Rate on Debt %

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CVC:Australia

Address

Level 40, Governor Philip Tower, Suite 4, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.cvc.com.au

CVC Ltd is a diversified investment company that invests patient capital in a combination of listed, unlisted, and property investments. It is organized into the following business segments: Property Investment, Non-Property Investment. Property Investment includes investments in property-related ordinary equity, preferred equity, joint ventures, options to acquire an interest in direct property subject to planning outcomes, and property-backed lending comprising loans backed by underlying property assets. Non-Property Investment comprises listed investments, unlisted investments, and secured lending opportunities that are non-property related. It also includes receivables, litigation claims, and other investments. The company operates predominantly in Australia.

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