Combined Motor Holdings (JSE:CMH) Effective Interest Rate on Debt % : 15.47% (As of Aug. 2024)

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What is Combined Motor 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. Combined Motor Holdings's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was R271 Mil. Combined Motor Holdings's average total debt for the quarter that ended in Aug. 2024 was R1,755 Mil. Therefore, Combined Motor Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 15.47%.

Combined Motor Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Combined Motor 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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Combined Motor Holdings Effective Interest Rate on Debt % Chart

Combined Motor Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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14.59

11.54

10.17

11.98

15.16

Combined Motor Holdings Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.05	13.86	14.86	17.79	15.47

Competitive Comparison of Combined Motor Holdings's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Combined Motor 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.

Combined Motor Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Combined Motor Holdings Effective Interest Rate on Debt % Calculation

Combined Motor Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -280.013	/	( (1866.561	+	1827.018)	/ 2 )
=	-1 * -280.013	/	1846.7895
=	15.16 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	817.973	+	1048.588
=	1866.561

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	781.582	+	1045.436
=	1827.018

Combined Motor Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -271.47	/	( (1827.018	+	1683.091)	/ 2 )
=	-1 * -271.47	/	1755.0545
=	15.47 %

where

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	781.582	+	1045.436
=	1827.018

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	531.637	+	1151.454
=	1683.091

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 (Aug. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Combined Motor Holdings (JSE:CMH) Effective Interest Rate on Debt % Explanation

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

Combined Motor Holdings Effective Interest Rate on Debt % Related Terms

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Combined Motor Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Combined Motor Holdings Ltd (JSE:CMH) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319

Website

https://www.cmh.co.za

Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a majority part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

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