Pepper Money (ASX:PPM) Effective Interest Rate on Debt % : 6.07% (As of Dec. 2023)

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What is Pepper Money 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. Pepper Money's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1,150.0 Mil. Pepper Money's average total debt for the quarter that ended in Dec. 2023 was A$18,950.6 Mil. Therefore, Pepper Money's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.07%.

Pepper Money Effective Interest Rate on Debt % Historical Data

The historical data trend for Pepper Money'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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Pepper Money Effective Interest Rate on Debt % Chart

Pepper Money Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.21

3.27

5.58

Pepper Money Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.11	2.12	4.12	5.22	6.07

Competitive Comparison of Pepper Money's Effective Interest Rate on Debt %

For the Credit Services subindustry, Pepper Money'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.

Pepper Money's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pepper Money's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pepper Money Effective Interest Rate on Debt % Calculation

Pepper Money's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1066.1	/	( (18979.2	+	19257)	/ 2 )
=	-1 * -1066.1	/	19118.1
=	5.58 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18979.2
=	18979.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	19257
=	19257

Pepper Money'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 * -1150	/	( (18644.2	+	19257)	/ 2 )
=	-1 * -1150	/	18950.6
=	6.07 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18644.2
=	18644.2

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	19257
=	19257

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.

Pepper Money (ASX:PPM) Effective Interest Rate on Debt % Explanation

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

Pepper Money Effective Interest Rate on Debt % Related Terms

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Pepper Money (ASX:PPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pepper Money Ltd (ASX:PPM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

177 Pacific Highway, Level 27, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.pepper.com.au

Pepper Money Ltd provides a variety of home loan solutions. It also provides car loans, personal loans, loans for professional equipment, and commercial loans. The services offered by the company include Lending, Asset Servicing, Broker Portal, and Debt Investors. The company operates in three reportable segments Mortgage, Asset Finance, and Loan and Other Servicing. The maximum revenue is derived from the Asset finance segment. The Asset finance segment includes financing a range of asset types for consumer and commercial customers.

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