Metlifecare (ASX:MEQ) Effective Interest Rate on Debt %: 1.50% (As of Jun. 2020)

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What is Metlifecare Effective Interest Rate on Debt %?

Metlifecare ASX:MEQ 4 Effective Interest Rate on Debt % is 1.50% as of Jun. 2020. GuruFocus rates ASX:MEQ with a GF Score™ of 4/100. The stock has 8 warning signs investors should review.

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. Metlifecare's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was A$4.35 Mil. Metlifecare's average total debt for the quarter that ended in Jun. 2020 was A$290.12 Mil. Therefore, Metlifecare's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 1.50%.

Metlifecare  (ASX:MEQ) Effective Interest Rate on Debt % Explanation

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

Metlifecare Effective Interest Rate on Debt % Related Terms

Metlifecare Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Metlifecare'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.

Metlifecare Effective Interest Rate on Debt % Chart

Metlifecare Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.30 0.06 0.87 1.52

Metlifecare Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
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 0.07 1.29 0.42 1.45 1.50

ASX:MEQ vs HCA, DVA, UHS: Effective Interest Rate on Debt % Comparison

For the Medical Care Facilities subindustry, Metlifecare'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.

Metlifecare Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Metlifecare's Effective Interest Rate on Debt % distribution charts can be found below:

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


Metlifecare Effective Interest Rate on Debt % Calculation

Metlifecare's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2019 )+Total Debt  (A: Jun. 2020 ))/ count )
=-1  *  -4.159/( (265.386+281.98)/ 2 )
=-1  *  -4.159/273.683
=1.52 %

where

Total Debt  (A: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=265.386 + 0
=265.386

Total Debt  (A: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=281.98 + 0
=281.98

Metlifecare's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2019 )+Total Debt  (Q: Jun. 2020 ))/ count )
=-1  *  -4.348/( (298.261+281.98)/ 2 )
=-1  *  -4.348/290.1205
=1.50 %

where

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=298.261 + 0
=298.261

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=281.98 + 0
=281.98

* 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 (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 1.50% mean?
Metlifecare (ASX:MEQ) has a Effective Interest Rate on Debt % of 1.50% as of Jun. 2020. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Metlifecare and its competitors.
Is Metlifecare's Effective Interest Rate on Debt % too high?
Metlifecare's current Effective Interest Rate on Debt % is 1.50%. Overall, Metlifecare has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Metlifecare's Effective Interest Rate on Debt % compare to HCA and DVA?
Metlifecare's Effective Interest Rate on Debt % of 1.50% can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Metlifecare and its competitors. Metlifecare's current Effective Interest Rate on Debt % is 1.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metlifecare stock overvalued right now?
Metlifecare (ASX:MEQ) has a current Effective Interest Rate on Debt % of 1.50%. The current Effective Interest Rate on Debt % is 1.50%. Metlifecare's overall GF Score™ is 4/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Metlifecare (ASX:MEQ), the current Effective Interest Rate on Debt % is 1.50% as of Jun. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Metlifecare Business Description

Address 20 Kent Street, Level 4, Newmarket, Auckland, NTL, NZL, 1023
Metlifecare Ltd operates retirement communities throughout New Zealand. It generates revenue from membership fees and rest home, hospital and service, and village fees. Metlifecare's membership fees are paid by residents of independent living units and serviced apartments and allow residents to use common facilities. Its largest single customer is the New Zealand government, which pays fees on behalf of residents eligible for government subsidized elderly care. The majority of Metlifecare's retirement villages are located in Auckland.