Lanka Hospitals (COL:LHCL.N0000) Effective Interest Rate on Debt % : 3.56% (As of Sep. 2023)

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What is Lanka Hospitals 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. Lanka Hospitals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was රු32 Mil. Lanka Hospitals's average total debt for the quarter that ended in Sep. 2023 was රු910 Mil. Therefore, Lanka Hospitals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.56%.

Lanka Hospitals Effective Interest Rate on Debt % Historical Data

The historical data trend for Lanka Hospitals'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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Lanka Hospitals Effective Interest Rate on Debt % Chart

Lanka Hospitals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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7.78

5.98

5.18

4.06

Lanka Hospitals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.03	3.88	72.33	3.59	3.56

Competitive Comparison of Lanka Hospitals's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Lanka Hospitals'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.

Lanka Hospitals's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Lanka Hospitals's Effective Interest Rate on Debt % distribution charts can be found below:

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

Lanka Hospitals Effective Interest Rate on Debt % Calculation

Lanka Hospitals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -30.383	/	( (730.427	+	766.859)	/ 2 )
=	-1 * -30.383	/	748.643
=	4.06 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	159.299	+	571.128
=	730.427

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	151.976	+	614.883
=	766.859

Lanka Hospitals'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -32.396	/	( (961.929	+	858.297)	/ 2 )
=	-1 * -32.396	/	910.113
=	3.56 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	157.93	+	803.999
=	961.929

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.584	+	712.713
=	858.297

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

Lanka Hospitals (COL:LHCL.N0000) Effective Interest Rate on Debt % Explanation

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

Lanka Hospitals Effective Interest Rate on Debt % Related Terms

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Lanka Hospitals (COL:LHCL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lanka Hospitals Corp PLC (COL:LHCL.N0000) » Definitions » Effective Interest Rate on Debt %

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Address

No. 578, Elvitigala Mawatha, Narahenpita, Colombo, LKA, 05

Website

https://www.lankahospitals.com

Lanka Hospitals Corp PLC is a Sri Lanka-based company providing healthcare services. The company offers medical services such as emergency services, kidney care centers, health checks, eye clinics, blood banks, dental clinics, and dermatology services. The company also provides surgical, emergency care, laboratory, and testing services. Geographically, all the firm's business activity is operated in Sri Lanka.

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