Purple Group (JSE:PPE) Effective Interest Rate on Debt % : 8.48% (As of Feb. 2025)

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What is Purple 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. Purple Group's annualized positive value of Interest Expense for the quarter that ended in Feb. 2025 was R0.9 Mil. Purple Group's average total debt for the quarter that ended in Feb. 2025 was R10.2 Mil. Therefore, Purple Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 was 8.48%.

Purple Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Purple 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.

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Purple Group Effective Interest Rate on Debt % Chart

Purple Group Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Effective Interest Rate on Debt %

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11.96

11.74

6.24

11.63

42.54

Purple Group Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.85	5.76	50.70	79.76	8.48

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

For the Financial Conglomerates subindustry, Purple 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.

Purple Group's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Purple Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Purple Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2023 )	+	Total Debt (A: Aug. 2024 ))	/ count )
=	-1 * -3.755	/	( (3.038	+	14.617)	/ 2 )
=	-1 * -3.755	/	8.8275
=	42.54 %

where

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.038
=	3.038

	Total Debt (A: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.208	+	10.409
=	14.617

Purple Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2024 )	+	Total Debt (Q: Feb. 2025 ))	/ count )
=	-1 * -0.864	/	( (14.617	+	5.764)	/ 2 )
=	-1 * -0.864	/	10.1905
=	8.48 %

where

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.208	+	10.409
=	14.617

	Total Debt (Q: Feb. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.006	+	2.758
=	5.764

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 (Feb. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Purple Group (JSE:PPE) Effective Interest Rate on Debt % Explanation

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

Purple Group Effective Interest Rate on Debt % Related Terms

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Purple Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Purple Group Ltd (JSE:PPE) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

173 Oxford Road, WeWork - Coworking & Office Space 1F, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.purplegroup.co.za

Purple Group Ltd operates as a financial services company. The company engages in trading, investing, and asset management, and also offers various products and services related to investing and managing portfolios. Its product offerings include EasyEquites, a digital investment platform, EasyProperties, a digital platform to invest in real estate, EasyCrypto, a platform to invest in crypto assets, and others. The company's operating segments are; EasyTrader and EasyAssetManagement (EAM) representing its derivatives trading and asset management operations; Head Office and Investments representing fees and dividends earned on investments; and Easy Group. Maximum revenue is derived from its Easy Group segment which includes EasyEquities, EasyProperties, EasyCrypto, and RISE EasyRetire.

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