Topps Tiles (CHIX:TPTL) Effective Interest Rate on Debt % : 4.93% (As of Mar. 2024)

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What is Topps Tiles 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. Topps Tiles's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £4.5 Mil. Topps Tiles's average total debt for the quarter that ended in Mar. 2024 was £92.0 Mil. Therefore, Topps Tiles's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.93%.

Topps Tiles Effective Interest Rate on Debt % Historical Data

The historical data trend for Topps Tiles'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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Topps Tiles Effective Interest Rate on Debt % Chart

Topps Tiles Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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2.92

4.91

3.46

3.74

4.76

Topps Tiles 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															3.50	4.01	4.35	5.15	4.93

Competitive Comparison of Topps Tiles's Effective Interest Rate on Debt %

For the Home Improvement Retail subindustry, Topps Tiles'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.

Topps Tiles's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Topps Tiles's Effective Interest Rate on Debt % falls into.

Topps Tiles Effective Interest Rate on Debt % Calculation

Topps Tiles'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 * -4.699	/	( (102.928	+	94.502)	/ 2 )
=	-1 * -4.699	/	98.715
=	4.76 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.741	+	18.187
=	102.928

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.853	+	15.649
=	94.502

Topps Tiles'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 * -4.532	/	( (94.502	+	89.411)	/ 2 )
=	-1 * -4.532	/	91.9565
=	4.93 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.853	+	15.649
=	94.502

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.543	+	16.868
=	89.411

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.

Topps Tiles (CHIX:TPTl) Effective Interest Rate on Debt % Explanation

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

Topps Tiles Effective Interest Rate on Debt % Related Terms

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Topps Tiles (CHIX:TPTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topps Tiles PLC (CHIX:TPTl) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TPTJF:USA TPT.GB:UK TPT:UK

Address

Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU

Website

https://www.toppstiles.co.uk

Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company generates the majority of its revenues from sales in the UK.

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