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enX Group (JSE:ENX) Effective Interest Rate on Debt % : -10.64% (As of Aug. 2023)


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What is enX Group 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. enX Group's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was R-93 Mil. enX Group's average total debt for the quarter that ended in Aug. 2023 was R879 Mil. Therefore, enX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was -10.64%.

enX Group Effective Interest Rate on Debt % Historical Data

The historical data trend for enX Group'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.

enX Group Effective Interest Rate on Debt % Chart

enX Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.22 3.68 3.82 1.23 3.48

enX Group Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.23 7.30 -5.43 10.19 -10.64

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

For the Specialty Industrial Machinery subindustry, enX Group'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.

enX Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, enX Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


enX Group Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -35.274/( (1744.433+281.593)/ 2 )
=-1  *  -35.274/1013.013
=3.48 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=941.08 + 803.353
=1744.433

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.757 + 232.836
=281.593

enX Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  93.498/( (1475.985+281.593)/ 2 )
=-1  *  93.498/878.789
=-10.64 %

where

Total Debt  (Q: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=735.119 + 740.866
=1475.985

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.757 + 232.836
=281.593

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

enX Group  (JSE:ENX) Effective Interest Rate on Debt % Explanation

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

enX Group Effective Interest Rate on Debt % Related Terms

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enX Group (JSE:ENX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » enX Group Ltd (JSE:ENX) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
OSL:ISLAX OSL:IFISH OSL:BAKKA OSL:SALM OSL:GIGA OSL:AFISH GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273
Traded in Other Exchanges
N/A
Address
9th Floor, Kathryn Towers, 1 Park Lane, Sandton, PostNet Suite X86, Private Bag X7, Aston Manor, ZAF, 1630
Website
https://www.enxgroup.co.za
enX Group Ltd is a diversified industrial group that provides industrial equipment, parts, related components, support services, and petrochemical products to diverse industries in South Africa, Sub-Saharan Africa, and the UK. The company operates through three segments including enX Power, enX Lubricants and enX Chemicals. enX Power involves New Way Power designs, manufacturers, installs, rents and maintains diesel generators and distributes a range of industrial engines. enX Chemicals involves West African International imports, stores and distributes plastics, polymers, rubber and speciality chemicals as well as conveyor belting, steel cord and conveyer belting fabric into Southern Africa. enX Lubricants segment African Group Lubricants produces and markets oil lubricants.