Phoenix Group Holdings (FRA:1BF) Effective Interest Rate on Debt % : 6.21% (As of Dec. 2023)

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What is Phoenix Group 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. Phoenix Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €288 Mil. Phoenix Group Holdings's average total debt for the quarter that ended in Dec. 2023 was €4,633 Mil. Therefore, Phoenix Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.21%.

Phoenix Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Phoenix Group 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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Phoenix Group Holdings Effective Interest Rate on Debt % Chart

Phoenix Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.60

6.68

5.57

5.41

6.45

Phoenix Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.48	5.24	5.29	6.69	6.21

Competitive Comparison of Phoenix Group Holdings's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Phoenix Group 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.

Phoenix Group Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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

Phoenix Group Holdings Effective Interest Rate on Debt % Calculation

Phoenix Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -299.476	/	( (4682.056	+	4603.572)	/ 2 )
=	-1 * -299.476	/	4642.814
=	6.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4598.119	+	83.937
=	4682.056

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4488.657	+	114.915
=	4603.572

Phoenix Group 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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -287.868	/	( (4661.616	+	4603.572)	/ 2 )
=	-1 * -287.868	/	4632.594
=	6.21 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4545.076	+	116.54
=	4661.616

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4488.657	+	114.915
=	4603.572

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

Phoenix Group Holdings (FRA:1BF) Effective Interest Rate on Debt % Explanation

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

Phoenix Group Holdings Effective Interest Rate on Debt % Related Terms

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Phoenix Group Holdings (FRA:1BF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Phoenix Group Holdings PLC (FRA:1BF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

PNXGF:USA PHNXl:UK PHNX:UK

Address

20 Old Bailey, London, GBR, EC4M 7AN

Website

https://www.thephoenixgroup.com

Phoenix Group Holdings PLC is a British closed life assurance fund consolidator. Its main specialisation is the management and acquisition of closed life and pension funds. It operates mainly in the United Kingdom. The Group's main business segment is its life assurance operations, Phoenix Life. Phoenix Life is responsible for the management of the group's life funds. The company's management services companies provide services to the life business segment, including financial and risk management services, sourcing strategies, and administrative services.

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