World Acceptance (MEX:WRLD) Effective Interest Rate on Debt %

: 6.27% (As of Mar. 2023)

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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. World Acceptance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was MXN879 Mil. World Acceptance's average total debt for the quarter that ended in Mar. 2023 was MXN14,001 Mil. Therefore, World Acceptance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.27%.

World Acceptance Effective Interest Rate on Debt % Historical Data

The historical data trend for World Acceptance'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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World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

7.45

6.79

4.54

5.18

6.55

World Acceptance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %																5.48	5.46	6.13	6.74	6.27

Competitive Comparison

For the Credit Services subindustry, World Acceptance'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.

Annual Data Quarterly Data

World Acceptance Effective Interest Rate on Debt % Distribution

For the Credit Services industry and Financial Services sector, World Acceptance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where World Acceptance's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.

World Acceptance Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -909.596	/	( (15527.514	+	12238.957)	/ 2 )
=	-1 * -909.596	/	13883.2355
=	6.55 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15527.514	+	0
=	15527.514

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12238.957	+	0
=	12238.957

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -878.54	/	( (15763.51	+	12238.957)	/ 2 )
=	-1 * -878.54	/	14001.2335
=	6.27 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15763.51	+	0
=	15763.51

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12238.957	+	0
=	12238.957

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

World Acceptance (MEX:WRLD) Effective Interest Rate on Debt % Explanation

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

World Acceptance Effective Interest Rate on Debt % Related Terms

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World Acceptance (MEX:WRLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (MEX:WRLD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WRLD:USA WOA:Germany

Address

104 S. Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.