DG Innovate (LSE:DGI) Effective Interest Rate on Debt % : 11.92% (As of Jun. 2024)

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What is DG Innovate 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. DG Innovate's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £0.29 Mil. DG Innovate's average total debt for the quarter that ended in Jun. 2024 was £2.47 Mil. Therefore, DG Innovate's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 11.92%.

DG Innovate Effective Interest Rate on Debt % Historical Data

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

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Effective Interest Rate on Debt %

3.60

10.21

9.31

8.72

2.93

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					16.56	5.91	5.14	3.76	11.92

Competitive Comparison of DG Innovate's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, DG Innovate'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.

DG Innovate's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DG Innovate's Effective Interest Rate on Debt % distribution charts can be found below:

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

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DG Innovate Effective Interest Rate on Debt % Calculation

DG Innovate'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 * -0.045	/	( (0.615	+	2.454)	/ 2 )
=	-1 * -0.045	/	1.5345
=	2.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.472	+	0.143
=	0.615

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.246	+	0.208
=	2.454

DG Innovate'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 * -0.294	/	( (2.454	+	2.479)	/ 2 )
=	-1 * -0.294	/	2.4665
=	11.92 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.246	+	0.208
=	2.454

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.306	+	0.173
=	2.479

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.

DG Innovate (LSE:DGI) Effective Interest Rate on Debt % Explanation

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

DG Innovate Effective Interest Rate on Debt % Related Terms

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DG Innovate Business Description

Industry

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Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a company that specializes in research and development, with two distinct areas of focus: Enhanced Drive Technology and Enhanced Battery Technology.