Capital Appreciation (JSE:CTA) Effective Interest Rate on Debt % : 14.00% (As of Sep. 2023)

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What is Capital Appreciation 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. Capital Appreciation's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was R4 Mil. Capital Appreciation's average total debt for the quarter that ended in Sep. 2023 was R25 Mil. Therefore, Capital Appreciation's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 14.00%.

Capital Appreciation Effective Interest Rate on Debt % Historical Data

The historical data trend for Capital Appreciation'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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Capital Appreciation Effective Interest Rate on Debt % Chart

Capital Appreciation Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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18.19

14.98

7.66

7.52

3.13

Capital Appreciation Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											7.54	7.41	11.12	-0.07	14.00

Competitive Comparison of Capital Appreciation's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Capital Appreciation'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.

Capital Appreciation's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Capital Appreciation's Effective Interest Rate on Debt % distribution charts can be found below:

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

Capital Appreciation Effective Interest Rate on Debt % Calculation

Capital Appreciation'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 * -0.448	/	( (10.638	+	17.973)	/ 2 )
=	-1 * -0.448	/	14.3055
=	3.13 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.503	+	9.135
=	10.638

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.932	+	4.041
=	17.973

Capital Appreciation'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: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -3.512	/	( (17.973	+	32.216)	/ 2 )
=	-1 * -3.512	/	25.0945
=	14.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.932	+	4.041
=	17.973

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.374	+	6.842
=	32.216

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

Capital Appreciation (JSE:CTA) Effective Interest Rate on Debt % Explanation

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

Capital Appreciation Effective Interest Rate on Debt % Related Terms

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Capital Appreciation (JSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Capital Appreciation Ltd (JSE:CTA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

44 Saturn Crescent, Unit 2, Linbro Business Park, Sandton, Johannesburg, GT, ZAF, 2090

Website

https://www.capitalappreciation.co.za

Capital Appreciation Ltd is a South Africa based company that owns, manages, invests in, and promotes established and developing financial technology enterprises, their platforms, solutions, products, and applications. The company operates in Fintech and Financial service sector. The company operates in three segments that include Payments and Payment Infrastructure Services and Software and Services, and an International Divison. The majority of the revenue is generated from the payments division. All of its revenue is generated from South Africa.