iOCO (JSE:IOC) Effective Interest Rate on Debt % : -48.92% (As of Jul. 2024)

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What is iOCO 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. iOCO's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was R-38 Mil. iOCO's average total debt for the quarter that ended in Jul. 2024 was R77 Mil. Therefore, iOCO's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was -48.92%.

iOCO Effective Interest Rate on Debt % Historical Data

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

iOCO Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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51.12

21.32

20.02

22.97

66.12

iOCO Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-11.62	222.72	-228.14	192.88	-48.92

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

For the Information Technology Services subindustry, iOCO'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.

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

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

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

iOCO Effective Interest Rate on Debt % Calculation

iOCO's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -49.096	/	( (67.423	+	81.087)	/ 2 )
=	-1 * -49.096	/	74.255
=	66.12 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.324	+	34.099
=	67.423

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.401	+	48.686
=	81.087

iOCO's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2024 )	+	Total Debt (Q: Jul. 2024 ))	/ count )
=	-1 * 37.846	/	( (73.634	+	81.087)	/ 2 )
=	-1 * 37.846	/	77.3605
=	-48.92 %

where

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.436	+	31.198
=	73.634

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.401	+	48.686
=	81.087

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

iOCO (JSE:IOC) Effective Interest Rate on Debt % Explanation

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

iOCO Effective Interest Rate on Debt % Related Terms

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iOCO Business Description

Industry

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Address

164 Katherine Street, 1st Floor, Block E, Pinmill Farm, Sandton, GT, ZAF, 2148

Website

https://www.eoh.co.za

EOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of the Information and Communications Technology (ICT) operations in South Africa and internationally. NEXTEC segment consists of Industrial Technologies and Business Process Outsourcing. IP segment comprises proprietary software and solutions for customers.