Breedon Group (LSE:BREE) Effective Interest Rate on Debt % : 5.70% (As of Jun. 2024)

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What is Breedon 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. Breedon Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £23 Mil. Breedon Group's average total debt for the quarter that ended in Jun. 2024 was £400 Mil. Therefore, Breedon Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 5.70%.

Breedon Group Effective Interest Rate on Debt % Historical Data

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

Breedon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.86

3.64

3.34

3.79

4.29

Breedon Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.05	3.56	4.22	4.38	5.70

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

For the Building Materials subindustry, Breedon 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.

Breedon Group's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Breedon Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Breedon Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -12.8	/	( (299.4	+	296.8)	/ 2 )
=	-1 * -12.8	/	298.1
=	4.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	291.5	+	7.9
=	299.4

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	288.7	+	8.1
=	296.8

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -22.8	/	( (296.8	+	502.6)	/ 2 )
=	-1 * -22.8	/	399.7
=	5.70 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	288.7	+	8.1
=	296.8

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	494.2	+	8.4
=	502.6

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

Breedon Group (LSE:BREE) Effective Interest Rate on Debt % Explanation

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

Breedon Group Effective Interest Rate on Debt % Related Terms

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Breedon Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Breedon Group PLC (LSE:BREE) » Definitions » Effective Interest Rate on Debt %

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BRDNF:USA BREEl:UK

Address

28 Esplanade, Saint Helier, JEY, JE2 3QA

Website

https://www.breedongroup.com

Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, and cement. The company also offers surfacing and contracting services, which lays asphalt and other bituminous bound materials. Breedon's customers range from civil engineering businesses over local authorities and utilities companies to homes and smaller businesses. The company generates a majority of its revenue in the United Kingdom.

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