Cullinan Holdings (JSE:CULP.PFD) Effective Interest Rate on Debt % : 8.17% (As of Sep. 2017)

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What is Cullinan 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. Cullinan Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was R3.71 Mil. Cullinan Holdings's average total debt for the quarter that ended in Sep. 2017 was R45.38 Mil. Therefore, Cullinan Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 was 8.17%.

Cullinan Holdings Effective Interest Rate on Debt % Historical Data

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

Cullinan Holdings Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Effective Interest Rate on Debt %

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27.24

10.63

9.11

9.44

Cullinan Holdings Semi-Annual Data
	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.39	8.70	7.66	10.71	8.17

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

For the Leisure subindustry, Cullinan 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.

Cullinan Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cullinan Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cullinan Holdings Effective Interest Rate on Debt % Calculation

Cullinan Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2016 )	+	Total Debt (A: Sep. 2017 ))	/ count )
=	-1 * -4.283	/	( (45.353	+	45.405)	/ 2 )
=	-1 * -4.283	/	45.379
=	9.44 %

where

	Total Debt (A: Sep. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45	+	0.353
=	45.353

	Total Debt (A: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45	+	0.405
=	45.405

Cullinan Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2017 )	+	Total Debt (Q: Sep. 2017 ))	/ count )
=	-1 * -3.708	/	( (45.364	+	45.405)	/ 2 )
=	-1 * -3.708	/	45.3845
=	8.17 %

where

	Total Debt (Q: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45	+	0.364
=	45.364

	Total Debt (Q: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45	+	0.405
=	45.405

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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cullinan Holdings (JSE:CULP.PFD) Effective Interest Rate on Debt % Explanation

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

Cullinan Holdings Effective Interest Rate on Debt % Related Terms

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Cullinan Holdings (JSE:CULP.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cullinan Holdings Ltd (JSE:CULP.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cullinan.co.za

Cullinan Holdings Ltd is engaged in leisure business sector. The business of the company operates in segments that include Marine and Boating; which supplies marine and boating equipment to boat builders and wholesalers; Travel and Tourism, which provides outbound tours, inbound tours, and coaching and touring; Financial Services, which provides bridging finance primarily on property transfers, marine finance aimed at boat building; and Corporate Services, which focus on projects to support community development. The Travel and Tourism business segment generates maximum revenue for the company.

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