Macquarie Group (ASX:MQGPC.PFD) Effective Interest Rate on Debt % : 8.33% (As of Sep. 2023)

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What is Macquarie Group 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. Macquarie Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was A$12,242.00 Mil. Macquarie Group's average total debt for the quarter that ended in Sep. 2023 was A$147,038.50 Mil. Therefore, Macquarie Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.33%.

Macquarie Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Macquarie Group'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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Macquarie Group Effective Interest Rate on Debt % Chart

Macquarie Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.95

2.35

1.10

1.65

5.53

Macquarie Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.28	4.85	12.39	6.51	8.33

Competitive Comparison of Macquarie Group's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Macquarie Group'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.

Macquarie Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Macquarie Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Macquarie Group Effective Interest Rate on Debt % Calculation

Macquarie Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -7111	/	( (12352.2	+	244877)	/ 2 )
=	-1 * -7111	/	128614.6
=	5.53 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12293.6	+	58.6
=	12352.2

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	244175	+	702
=	244877

Macquarie Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -12242	/	( (244877	+	49200)	/ 2 )
=	-1 * -12242	/	147038.5
=	8.33 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	244175	+	702
=	244877

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40978	+	8222
=	49200

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Macquarie Group (ASX:MQGPC.PFD) Effective Interest Rate on Debt % Explanation

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

Macquarie Group Effective Interest Rate on Debt % Related Terms

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Macquarie Group (ASX:MQGPC.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Macquarie Group Ltd (ASX:MQGPC.PFD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MQBKY:USA MCQEF:USA 4M4:Germany MQGPF.PFD:Australia MQGPE.PFD:Australia MQGPD.PFD:Australia MQGPB.PFD:Australia MQG:Australia

Address

50 Martin Place, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.macquarie.com.au

Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.

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