Virgin Money UK (ASX:VUK) Effective Interest Rate on Debt % : 16.64% (As of Sep. 2023)

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What is Virgin Money UK 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. Virgin Money UK's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was A$4,961 Mil. Virgin Money UK's average total debt for the quarter that ended in Sep. 2023 was A$29,820 Mil. Therefore, Virgin Money UK's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 16.64%.

Virgin Money UK Effective Interest Rate on Debt % Historical Data

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

Virgin Money UK Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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7.62

5.46

4.08

4.17

14.36

Virgin Money UK Semi-Annual Data
	Sep13	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															3.72	3.23	5.11	11.24	16.64

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

For the Banks - Regional subindustry, Virgin Money UK'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.

Virgin Money UK's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Virgin Money UK Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -4132.644	/	( (26718.869	+	30831.139)	/ 2 )
=	-1 * -4132.644	/	28775.004
=	14.36 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26718.869	+	0
=	26718.869

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30831.139	+	0
=	30831.139

Virgin Money UK'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 * -4960.712	/	( (28809.231	+	30831.139)	/ 2 )
=	-1 * -4960.712	/	29820.185
=	16.64 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28809.231	+	0
=	28809.231

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30831.139	+	0
=	30831.139

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.

Virgin Money UK (ASX:VUK) Effective Interest Rate on Debt % Explanation

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

Virgin Money UK Effective Interest Rate on Debt % Related Terms

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Virgin Money UK (ASX:VUK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (ASX:VUK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CYBBF:USA CBBYF:USA VMUKl:UK VMUK:UK 42YA:Germany

Address

177 Bothwell Street, Glasgow, GBR, G2 7ER

Website

https://www.virginmoneyukplc.com

Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.

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