Aitken Spence Hotel Holdings (COL:AHUN.N0000) Effective Interest Rate on Debt % : 9.62% (As of Dec. 2023)

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What is Aitken Spence Hotel 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. Aitken Spence Hotel Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was රු5,844 Mil. Aitken Spence Hotel Holdings's average total debt for the quarter that ended in Dec. 2023 was රු60,769 Mil. Therefore, Aitken Spence Hotel Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.62%.

Aitken Spence Hotel Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Aitken Spence Hotel 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.

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Aitken Spence Hotel Holdings Effective Interest Rate on Debt % Chart

Aitken Spence Hotel Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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3.51

5.46

5.07

4.13

8.97

Aitken Spence Hotel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.68	9.32	9.24	9.46	9.62

Competitive Comparison of Aitken Spence Hotel Holdings's Effective Interest Rate on Debt %

For the Lodging subindustry, Aitken Spence Hotel 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.

Aitken Spence Hotel Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Aitken Spence Hotel Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aitken Spence Hotel Holdings's Effective Interest Rate on Debt % falls into.

Aitken Spence Hotel Holdings Effective Interest Rate on Debt % Calculation

Aitken Spence Hotel Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -5809.973	/	( (63877.676	+	65659.798)	/ 2 )
=	-1 * -5809.973	/	64768.737
=	8.97 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	52079.329	+	11798.347
=	63877.676

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50176.589	+	15483.209
=	65659.798

Aitken Spence Hotel Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -5843.864	/	( (62074.944	+	59463.383)	/ 2 )
=	-1 * -5843.864	/	60769.1635
=	9.62 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45724.634	+	16350.31
=	62074.944

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43804.026	+	15659.357
=	59463.383

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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Aitken Spence Hotel Holdings (COL:AHUN.N0000) Effective Interest Rate on Debt % Explanation

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

Aitken Spence Hotel Holdings Effective Interest Rate on Debt % Related Terms

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Aitken Spence Hotel Holdings (COL:AHUN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aitken Spence Hotel Holdings PLC (COL:AHUN.N0000) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 315, Vauxhall Street, Level 5, Aitken Spence Tower II, Colombo, LKA, 2

Website

https://www.aitkenspencehotels.com

Aitken Spence Hotel Holdings PLC is involved in the lodging business sector. The company has a chain of hotels and resorts under two brands that are Heritance Hotels and Resorts and Adaaran Resorts and Spa and manages hotels in two areas that are Sri Lanka and South Asia and Middle East. The South Asian sector generates majority revenue for the company.

Aitken Spence Hotel Holdings (COL:AHUN.N0000) Headlines

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