Summerset Group Holdings (ASX:SNZ) Effective Interest Rate on Debt % : 1.16% (As of Dec. 2023)

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What is Summerset Group Holdings 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. Summerset Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$26.7 Mil. Summerset Group Holdings's average total debt for the quarter that ended in Dec. 2023 was A$2,297.6 Mil. Therefore, Summerset Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.16%.

Summerset Group Holdings Effective Interest Rate on Debt % Historical Data

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

Summerset Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.83

1.98

1.59

1.78

2.16

Summerset Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.80	0.79	0.94	1.07	1.16

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

For the Medical Care Facilities subindustry, Summerset Group Holdings'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.

Summerset Group Holdings's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

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

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

Summerset Group Holdings Effective Interest Rate on Debt % Calculation

Summerset Group Holdings'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 * -25.079	/	( (1013.545	+	1308.671)	/ 2 )
=	-1 * -25.079	/	1161.108
=	2.16 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1013.545	+	0
=	1013.545

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1308.671	+	0
=	1308.671

Summerset Group Holdings'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 * -26.732	/	( (3286.592	+	1308.671)	/ 2 )
=	-1 * -26.732	/	2297.6315
=	1.16 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3286.592	+	0
=	3286.592

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1308.671	+	0
=	1308.671

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.

Summerset Group Holdings (ASX:SNZ) Effective Interest Rate on Debt % Explanation

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

Summerset Group Holdings Effective Interest Rate on Debt % Related Terms

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Summerset Group Holdings (ASX:SNZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Summerset Group Holdings Ltd (ASX:SNZ) » Definitions » Effective Interest Rate on Debt %

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SUM:New Zealand

Address

100 Willis Street, Level 27, Majestic Centre, Wellington, NZL, 6011

Website

https://www.summerset.co.nz

Summerset Group Holdings Ltd operates retirement villages in New Zealand. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidizes fees for eligible aged-care residents. Its revenue is primarily derived from care fees and village services income. Summerset provides a range of care for its residents, including in-home care and 24-hour medical-care centers. In addition to its independent-living villas and apartments, Summerset offers supported-living residences, which include assistance with daily activities like shopping and housekeeping.