Altitude Group (LSE:ALT) Effective Interest Rate on Debt % : 6.15% (As of Sep. 2023)

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What is Altitude 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. Altitude Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £0.04 Mil. Altitude Group's average total debt for the quarter that ended in Sep. 2023 was £0.65 Mil. Therefore, Altitude Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.15%.

Altitude Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Altitude 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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Altitude Group Effective Interest Rate on Debt % Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.98

10.77

9.90

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.93	8.70	7.83	12.43	6.15

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

For the Software - Application subindustry, Altitude 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.

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

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

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

Altitude Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.062	/	( (0.69	+	0.563)	/ 2 )
=	-1 * -0.062	/	0.6265
=	9.90 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.536	+	0.154
=	0.69

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.386	+	0.177
=	0.563

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.04	/	( (0.563	+	0.738)	/ 2 )
=	-1 * -0.04	/	0.6505
=	6.15 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.386	+	0.177
=	0.563

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.525	+	0.213
=	0.738

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

Altitude Group (LSE:ALT) Effective Interest Rate on Debt % Explanation

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

Altitude Group Effective Interest Rate on Debt % Related Terms

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Altitude Group (LSE:ALT) Business Description

Industry

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D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.