ClearView Wealth (ASX:CVW) Effective Interest Rate on Debt % : 9.40% (As of Dec. 2024)

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What is ClearView Wealth 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. ClearView Wealth's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$10.4 Mil. ClearView Wealth's average total debt for the quarter that ended in Dec. 2024 was A$110.8 Mil. Therefore, ClearView Wealth's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 9.40%.

ClearView Wealth Effective Interest Rate on Debt % Historical Data

The historical data trend for ClearView Wealth'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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ClearView Wealth Effective Interest Rate on Debt % Chart

ClearView Wealth Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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2.76

6.97

8.52

17.32

27.16

ClearView Wealth Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															15.90	18.79	9.49	42.04	9.40

Competitive Comparison of ClearView Wealth's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, ClearView Wealth'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.

ClearView Wealth's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ClearView Wealth's Effective Interest Rate on Debt % distribution charts can be found below:

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

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ClearView Wealth Effective Interest Rate on Debt % Calculation

ClearView Wealth's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -28.504	/	( (98.798	+	111.12)	/ 2 )
=	-1 * -28.504	/	104.959
=	27.16 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98.798	+	0
=	98.798

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.12	+	0
=	111.12

ClearView Wealth's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -10.422	/	( (111.12	+	110.57)	/ 2 )
=	-1 * -10.422	/	110.845
=	9.40 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.12	+	0
=	111.12

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	105.714	+	4.856
=	110.57

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

ClearView Wealth (ASX:CVW) Effective Interest Rate on Debt % Explanation

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

ClearView Wealth Effective Interest Rate on Debt % Related Terms

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ClearView Wealth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ClearView Wealth Ltd (ASX:CVW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CVWLF:USA

Address

20 Bond Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.clearview.com.au

ClearView Wealth Ltd is a diversified financial services company that partners with financial advisers and strategic partners to help Australians protect and grow their wealth and achieve their financial goals. The company's operating segments include Life Insurance and Wealth Management. It generates maximum revenue from the Life Insurance segment, which manufactures ClearView life insurance products under a retail life insurance Australian Financial Services (AFS) license.

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