Spark New Zealand (Spark New Zealand) Effective Interest Rate on Debt % : 6.01% (As of Dec. 2023)

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What is Spark New Zealand 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. Spark New Zealand's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $78 Mil. Spark New Zealand's average total debt for the quarter that ended in Dec. 2023 was $1,305 Mil. Therefore, Spark New Zealand's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.01%.

Spark New Zealand Effective Interest Rate on Debt % Historical Data

The historical data trend for Spark New Zealand'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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Spark New Zealand Effective Interest Rate on Debt % Chart

Spark New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.24

2.87

2.52

2.42

2.81

Spark New Zealand 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															3.82	1.12	4.63	1.07	6.01

Competitive Comparison of Spark New Zealand's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Spark New Zealand'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.

Spark New Zealand's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Spark New Zealand's Effective Interest Rate on Debt % distribution charts can be found below:

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

Spark New Zealand Effective Interest Rate on Debt % Calculation

Spark New Zealand'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 * -32.515	/	( (1188.056	+	1122.699)	/ 2 )
=	-1 * -32.515	/	1155.3775
=	2.81 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	968.869	+	219.187
=	1188.056

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	930.061	+	192.638
=	1122.699

Spark New Zealand'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 * -78.406	/	( (1122.699	+	1486.621)	/ 2 )
=	-1 * -78.406	/	1304.66
=	6.01 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	930.061	+	192.638
=	1122.699

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1110.143	+	376.478
=	1486.621

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.

Spark New Zealand (OTCPK:SPKKY) Effective Interest Rate on Debt % Explanation

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

Spark New Zealand Effective Interest Rate on Debt % Related Terms

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Spark New Zealand (Spark New Zealand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (OTCPK:SPKKY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NZTCF:USA SPK:New Zealand NZT:Germany SPK:Australia

Address

167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010

Website

https://www.sparknz.co.nz

Spark is one of only three integrated telecommunications groups in New Zealand. It is the dominant provider of fixed-line services in the country and effectively equal-number-one player in the mobile telephony market. It also has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark's operations are split into mobile, voice, broadband, and digital-related services.