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Motorcycle Holdings (ASX:MTO) Effective Interest Rate on Debt % : 7.49% (As of Dec. 2023)


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What is Motorcycle 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. Motorcycle Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$11.1 Mil. Motorcycle Holdings's average total debt for the quarter that ended in Dec. 2023 was A$148.1 Mil. Therefore, Motorcycle Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.49%.

Motorcycle Holdings Effective Interest Rate on Debt % Historical Data

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

Motorcycle Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.76 2.87 0.43 0.22 3.30

Motorcycle Holdings Semi-Annual Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.52 -2.62 6.08 0.43 7.49

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

For the Auto & Truck Dealerships subindustry, Motorcycle 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.

Motorcycle Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcycle Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


Motorcycle Holdings Effective Interest Rate on Debt % Calculation

Motorcycle Holdings'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  *  -4.007/( (93.266+149.656)/ 2 )
=-1  *  -4.007/121.461
=3.30 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58.152 + 35.114
=93.266

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89.272 + 60.384
=149.656

Motorcycle Holdings'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  *  -11.088/( (149.656+146.487)/ 2 )
=-1  *  -11.088/148.0715
=7.49 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89.272 + 60.384
=149.656

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.674 + 59.813
=146.487

* 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.

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.

Motorcycle Holdings  (ASX:MTO) Effective Interest Rate on Debt % Explanation

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

Motorcycle Holdings Effective Interest Rate on Debt % Related Terms

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Motorcycle Holdings (ASX:MTO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcycle Holdings Ltd (ASX:MTO) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:PWR ASX:ASG TPE:2207 KMX PAG XBRU:DIE LAD HKSE:00881 AN TSE:4732 ABG GPI LSE:INCH CVNA RUSHA ACVA SHSE:600297 ASX:APE CARG DRVN
Traded in Other Exchanges
N/A
Address
68 Moss Street, Slacks Creek, Logan City, QLD, AUS, 4127
Website
https://www.mcholdings.com.au
Motorcycle Holdings Ltd is a motorcycle dealer in Australia. It has two reporting segments. First, Motorcycle Retailing, which consists of the ownership and operation of motorcycle dealerships engaging in the sale of new motorcycles, used motorcycles, parts, servicing, accessories, and mechanical protection plan contracts. It also facilitates insurance and financing for motorcycle purchases through third-party sources. Second, Motorcycle Accessories Wholesaling, which imports and distributes a diversified range of motorcycle parts and accessories to wholesale customers in Australia. The majority of its revenue is derived from the Motorcycle Retailing segment. The company also owns and operates a motorcycle repair business that performs smash repair work for insurers.

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