GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Effective Interest Rate on Debt %

Fitell (Fitell) Effective Interest Rate on Debt % : 19.13% (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Fitell 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. Fitell's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.13 Mil. Fitell's average total debt for the quarter that ended in Dec. 2023 was $0.70 Mil. Therefore, Fitell's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.13%.

Fitell Effective Interest Rate on Debt % Historical Data

The historical data trend for Fitell'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.

* Premium members only.

Fitell Effective Interest Rate on Debt % Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
1.90 2.53 11.57

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 2.64 2.60 10.29 13.32 19.13

Competitive Comparison of Fitell's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Fitell'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.

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

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

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


Fitell Effective Interest Rate on Debt % Calculation

Fitell's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.093/( (0.923+0.685)/ 2 )
=-1  *  -0.093/0.804
=11.57 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.716 + 0.207
=0.923

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.473 + 0.212
=0.685

Fitell'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  *  -0.134/( (0.685+0.716)/ 2 )
=-1  *  -0.134/0.7005
=19.13 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.473 + 0.212
=0.685

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.427 + 0.289
=0.716

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

Fitell  (NAS:FTEL) Effective Interest Rate on Debt % Explanation

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

Fitell Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Fitell's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LNBY NVVE SPEV GHST SSUNF POL JOAN MSSV HGGGQ IMBIQ ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.