NEX Group (NEX Group) Effective Interest Rate on Debt % : 3.60% (As of Mar. 2018)

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What is NEX Group 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. NEX Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2018 was $25.1 Mil. NEX Group's average total debt for the quarter that ended in Mar. 2018 was $697.5 Mil. Therefore, NEX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2018 was 3.60%.

NEX Group Effective Interest Rate on Debt % Historical Data

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

NEX Group Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Effective Interest Rate on Debt %

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5.80

4.78

4.83

4.58

4.59

NEX Group Semi-Annual Data
	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.46	4.73	3.45	5.30	3.60

Competitive Comparison of NEX Group's Effective Interest Rate on Debt %

For the Capital Markets subindustry, NEX Group'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.

NEX Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

NEX Group Effective Interest Rate on Debt % Calculation

NEX Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2017 )	+	Total Debt (A: Mar. 2018 ))	/ count )
=	-1 * -30.726	/	( (625.926	+	713.687)	/ 2 )
=	-1 * -30.726	/	669.8065
=	4.59 %

where

	Total Debt (A: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	537.037	+	88.889
=	625.926

	Total Debt (A: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.156	+	695.531
=	713.687

NEX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2017 )	+	Total Debt (Q: Mar. 2018 ))	/ count )
=	-1 * -25.14	/	( (681.334	+	713.687)	/ 2 )
=	-1 * -25.14	/	697.5105
=	3.60 %

where

	Total Debt (Q: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	426.667	+	254.667
=	681.334

	Total Debt (Q: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.156	+	695.531
=	713.687

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 (Mar. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NEX Group (GREY:NEXGY) Effective Interest Rate on Debt % Explanation

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

NEX Group Effective Interest Rate on Debt % Related Terms

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NEX Group (NEX Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NEX Group PLC (GREY:NEXGY) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Website

http://www.nex.com

NEX Group PLC provides electronic execution, risk mitigation, messaging, broking and information services for wholesale market participants. The Company's reportable segments include NEX Markets and NEX Optimisation. The company acts as an intermediary for FX and fixed income products through the Group's electronic platforms. It is also involved in a non-advisory capacity as principals in the matched purchase and sale of financial instruments between clients and provides technology development services.

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