Gowing Bros (ASX:GOW) Effective Interest Rate on Debt % : 6.12% (As of Jan. 2024)

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What is Gowing Bros 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. Gowing Bros's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was A$5.93 Mil. Gowing Bros's average total debt for the quarter that ended in Jan. 2024 was A$96.94 Mil. Therefore, Gowing Bros's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 6.12%.

Gowing Bros Effective Interest Rate on Debt % Historical Data

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

Gowing Bros Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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5.16

4.75

3.65

2.88

5.97

Gowing Bros Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.73	3.08	5.66	6.21	6.12

Competitive Comparison of Gowing Bros's Effective Interest Rate on Debt %

For the Asset Management subindustry, Gowing Bros'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.

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

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

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

Gowing Bros Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -5.838	/	( (99.039	+	96.7)	/ 2 )
=	-1 * -5.838	/	97.8695
=	5.97 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94.842	+	4.197
=	99.039

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94.869	+	1.831
=	96.7

Gowing Bros's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -5.928	/	( (96.7	+	97.17)	/ 2 )
=	-1 * -5.928	/	96.935
=	6.12 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94.869	+	1.831
=	96.7

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.549	+	0.621
=	97.17

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

Gowing Bros (ASX:GOW) Effective Interest Rate on Debt % Explanation

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

Gowing Bros Effective Interest Rate on Debt % Related Terms

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Gowing Bros (ASX:GOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gowing Bros Ltd (ASX:GOW) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

35-61 Harbour Drive, Suite 303, Coffs Harbour, NSW, AUS, 2450

Website

https://www.gowings.com

Gowing Bros Ltd operates as an investment and wealth management company in Australia. Its operating segments include Cash & fixed interest, Equities, Private equities, Investment properties, Development properties, Surf Hardware International business, and others. The company generates majority of its revenue from Surf Hardware International business. Its geographical segments include Australia, the United States, Japan, and Europe.

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