Hargreaves Services (AQSE:HSP.GB) Effective Interest Rate on Debt % : 7.75% (As of May. 2024)

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What is Hargreaves Services 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. Hargreaves Services's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was £2.4 Mil. Hargreaves Services's average total debt for the quarter that ended in May. 2024 was £31.5 Mil. Therefore, Hargreaves Services's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 7.75%.

Hargreaves Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services Effective Interest Rate on Debt % Chart

Hargreaves Services Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Effective Interest Rate on Debt %

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4.96

6.45

3.74

8.70

7.64

Hargreaves Services Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.62	6.72	9.30	9.05	7.75

Competitive Comparison of Hargreaves Services's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Hargreaves Services'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.

Hargreaves Services's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hargreaves Services's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hargreaves Services Effective Interest Rate on Debt % Calculation

Hargreaves Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2023 )	+	Total Debt (A: May. 2024 ))	/ count )
=	-1 * -2.693	/	( (36.35	+	34.154)	/ 2 )
=	-1 * -2.693	/	35.252
=	7.64 %

where

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.839	+	15.511
=	36.35

	Total Debt (A: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.884	+	18.27
=	34.154

Hargreaves Services's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: May. 2024 ))	/ count )
=	-1 * -2.44	/	( (28.787	+	34.154)	/ 2 )
=	-1 * -2.44	/	31.4705
=	7.75 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.874	+	14.913
=	28.787

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.884	+	18.27
=	34.154

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 (May. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hargreaves Services (AQSE:HSP.GB) Effective Interest Rate on Debt % Explanation

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

Hargreaves Services Effective Interest Rate on Debt % Related Terms

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Hargreaves Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hargreaves Services PLC (AQSE:HSP.GB) » Definitions » Effective Interest Rate on Debt %

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HSP:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services; Hargreaves Land; Unallocated and Hargreaves Raw Materials Services. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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