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Air New Zealand (Air New Zealand) Effective Interest Rate on Debt % : 6.12% (As of Dec. 2023)


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What is Air 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. Air New Zealand's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $121 Mil. Air New Zealand's average total debt for the quarter that ended in Dec. 2023 was $1,971 Mil. Therefore, Air New Zealand's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.12%.

Air New Zealand Effective Interest Rate on Debt % Historical Data

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

Air New Zealand Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 3.23 2.70 2.66 4.81

Air 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.40 3.04 4.37 5.24 6.12

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

For the Airlines subindustry, Air 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.

Air New Zealand's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air New Zealand's Effective Interest Rate on Debt % distribution charts can be found below:

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


Air New Zealand Effective Interest Rate on Debt % Calculation

Air 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  *  -100.613/( (2139.771+2046.012)/ 2 )
=-1  *  -100.613/2092.8915
=4.81 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1764.93 + 374.841
=2139.771

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1711.656 + 334.356
=2046.012

Air 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  *  -120.722/( (2046.012+1896.08)/ 2 )
=-1  *  -120.722/1971.046
=6.12 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1711.656 + 334.356
=2046.012

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1569.384 + 326.696
=1896.08

* 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.

Air New Zealand  (OTCPK:ANZFF) Effective Interest Rate on Debt % Explanation

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

Air New Zealand Effective Interest Rate on Debt % Related Terms

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Air New Zealand (Air New Zealand) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air New Zealand Ltd (OTCPK:ANZFF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:DDT ASX:MRQ ASX:AYM ASX:KEY ASX:1CG ASX:MHC ASX:VPR ASX:DCX ASX:LMS ASX:HGL DAL DUB:RYA NSE:INDIGO UAL LUV SGX:C6L SHSE:601111 IST:THYAO SHSE:600029 LSE:IAG
Traded in Other Exchanges
ANZLY:USA AIR:New Zealand BZU:Germany AIZ:Australia
Address
185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010
Website
https://www.airnewzealand.co.nz
Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.