TASK Group Holdings (ASX:TSK) Effective Interest Rate on Debt % : 6.48% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is TASK 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. TASK Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was A$0.37 Mil. TASK Group Holdings's average total debt for the quarter that ended in Mar. 2024 was A$5.77 Mil. Therefore, TASK Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.48%.

TASK Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for TASK 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.

* Premium members only.

TASK Group Holdings Effective Interest Rate on Debt % Chart

TASK Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.02

5.92

5.36

5.81

6.10

TASK Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.42	4.91	6.74	6.21	6.48

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

For the Software - Application subindustry, TASK 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.

TASK Group Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, TASK Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

TASK Group Holdings Effective Interest Rate on Debt % Calculation

TASK Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.374	/	( (6.354	+	5.905)	/ 2 )
=	-1 * -0.374	/	6.1295
=	6.10 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.983	+	1.371
=	6.354

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.455	+	1.45
=	5.905

TASK Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.374	/	( (5.634	+	5.905)	/ 2 )
=	-1 * -0.374	/	5.7695
=	6.48 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.487	+	1.147
=	5.634

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.455	+	1.45
=	5.905

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TASK Group Holdings (ASX:TSK) Effective Interest Rate on Debt % Explanation

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

TASK Group Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of TASK Group Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

TASK Group Holdings (ASX:TSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TASK Group Holdings Ltd (ASX:TSK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Graham Street, Level 2, Auckland, NZL, 1010

Website

https://TASKsoftware.com

TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

TASK Group Holdings (ASX:TSK) Headlines

No Headlines