Tongaat Hulett (JSE:TON) Effective Interest Rate on Debt % : 16.86% (As of Sep. 2021)

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What is Tongaat Hulett 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. Tongaat Hulett's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was R1,256 Mil. Tongaat Hulett's average total debt for the quarter that ended in Sep. 2021 was R7,448 Mil. Therefore, Tongaat Hulett's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 16.86%.

Tongaat Hulett Effective Interest Rate on Debt % Historical Data

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

Tongaat Hulett Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Effective Interest Rate on Debt %

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10.70

1.47

10.98

12.33

13.49

Tongaat Hulett Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.22	11.33	13.13	11.35	16.86

Competitive Comparison of Tongaat Hulett's Effective Interest Rate on Debt %

For the Confectioners subindustry, Tongaat Hulett'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.

Tongaat Hulett's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongaat Hulett's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tongaat Hulett Effective Interest Rate on Debt % Calculation

Tongaat Hulett's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2020 )	+	Total Debt (A: Mar. 2021 ))	/ count )
=	-1 * -1382	/	( (12901	+	7591)	/ 2 )
=	-1 * -1382	/	10246
=	13.49 %

where

	Total Debt (A: Mar. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	384	+	12517
=	12901

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	426	+	7165
=	7591

Tongaat Hulett's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -1256	/	( (7591	+	7305)	/ 2 )
=	-1 * -1256	/	7448
=	16.86 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	426	+	7165
=	7591

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	453	+	6852
=	7305

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tongaat Hulett (JSE:TON) Effective Interest Rate on Debt % Explanation

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

Tongaat Hulett Effective Interest Rate on Debt % Related Terms

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Tongaat Hulett (JSE:TON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tongaat Hulett Ltd (JSE:TON) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amanzimnyama Hill Road, P O Box 3, Tongaat, NL, ZAF, 4400

Website

https://www.tongaat.com

Tongaat Hulett Ltd produces sugar and glucose in Africa. It procures its raw materials both from land it owns and from private farmers. Tongaat sells its products to customers in the foodservice industry and to consumers as branded products. Raw sugar sales make up most of the company's revenue. Its biggest markets are South Africa, Zimbabwe, and Mozambique. The company also earns revenue by converting and developing land that it owns and has used for agricultural purposes. Additionally, the by-products from its manufacturing processes create renewable energy, which the company uses to supply electricity to the grid in some instances.

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