Step One Clothing (ASX:STP) Effective Interest Rate on Debt % : 5.94% (As of Dec. 2024)

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What is Step One Clothing 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. Step One Clothing's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.01 Mil. Step One Clothing's average total debt for the quarter that ended in Dec. 2024 was A$0.24 Mil. Therefore, Step One Clothing's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.94%.

Step One Clothing Effective Interest Rate on Debt % Historical Data

The historical data trend for Step One Clothing'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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Step One Clothing Effective Interest Rate on Debt % Chart

Step One Clothing Annual Data

Trend

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

12.97

Step One Clothing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	1.51	2.60	5.94

Competitive Comparison of Step One Clothing's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Step One Clothing'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.

Step One Clothing's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Step One Clothing Effective Interest Rate on Debt % Calculation

Step One Clothing'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 * -0.038	/	( (0	+	0.293)	/ 1 )
=	-1 * -0.038	/	0.293
=	12.97 %

where

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

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.062	+	0.231
=	0.293

Step One Clothing'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 * -0.014	/	( (0.293	+	0.178)	/ 2 )
=	-1 * -0.014	/	0.2355
=	5.94 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.062	+	0.231
=	0.293

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.178
=	0.178

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.

Step One Clothing (ASX:STP) Effective Interest Rate on Debt % Explanation

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

Step One Clothing Effective Interest Rate on Debt % Related Terms

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Step One Clothing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Step One Clothing Ltd (ASX:STP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010

Website

https://www.stepone.life

Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.

Step One Clothing Headlines

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