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Close Brothers Group (Close Brothers Group) Effective Interest Rate on Debt % : 20.22% (As of Jan. 2024)


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What is Close Brothers Group 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. Close Brothers Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $693 Mil. Close Brothers Group's average total debt for the quarter that ended in Jan. 2024 was $3,426 Mil. Therefore, Close Brothers Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 20.22%.

Close Brothers Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Close Brothers Group'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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Close Brothers Group Effective Interest Rate on Debt % Chart

Close Brothers Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.92 5.22 4.77 3.82 11.06

Close Brothers Group Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.63 4.17 8.28 13.57 20.22

Competitive Comparison of Close Brothers Group's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Close Brothers Group'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.

Close Brothers Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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


Close Brothers Group Effective Interest Rate on Debt % Calculation

Close Brothers Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  -392.912/( (3441.367+3665.206)/ 2 )
=-1  *  -392.912/3553.2865
=11.06 %

where

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3441.367 + 0
=3441.367

Total Debt  (A: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3665.206 + 0
=3665.206

Close Brothers Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -692.758/( (3665.206+3187.039)/ 2 )
=-1  *  -692.758/3426.1225
=20.22 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3665.206 + 0
=3665.206

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3187.039 + 0
=3187.039

* 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.

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

Close Brothers Group  (OTCPK:CBGPF) Effective Interest Rate on Debt % Explanation

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

Close Brothers Group Effective Interest Rate on Debt % Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:MTRO LSE:ARBB LSE:STB LSE:NBS LSE:MFX LSE:BOCH LSE:TBCG LSE:BGEO LSE:VMUK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP USB
Traded in Other Exchanges
CBGPY:USA CBGl:UK CBG:UK CS3:Germany
Address
10 Crown Place, London, GBR, EC2A 4FT
Website
https://www.closebrothers.com
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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