DP Aircraft I (LSE:DPA) Effective Interest Rate on Debt % : 4.32% (As of Dec. 2023)

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What is DP Aircraft I 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. DP Aircraft I's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.08 Mil. DP Aircraft I's average total debt for the quarter that ended in Dec. 2023 was $94.54 Mil. Therefore, DP Aircraft I's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.32%.

DP Aircraft I Effective Interest Rate on Debt % Historical Data

The historical data trend for DP Aircraft I'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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DP Aircraft I Effective Interest Rate on Debt % Chart

DP Aircraft I Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.55

4.34

3.55

4.94

4.70

DP Aircraft I Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										3.21	4.46	5.41	5.04	4.32

Competitive Comparison of DP Aircraft I's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, DP Aircraft I'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.

DP Aircraft I's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DP Aircraft I's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where DP Aircraft I's Effective Interest Rate on Debt % falls into.

DP Aircraft I Effective Interest Rate on Debt % Calculation

DP Aircraft I'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 * -4.495	/	( (98.486	+	92.712)	/ 2 )
=	-1 * -4.495	/	95.599
=	4.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98.486	+	0
=	98.486

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.712	+	0
=	92.712

DP Aircraft I's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.082	/	( (96.376	+	92.712)	/ 2 )
=	-1 * -4.082	/	94.544
=	4.32 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.376	+	0
=	96.376

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.712	+	0
=	92.712

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

DP Aircraft I (LSE:DPA) Effective Interest Rate on Debt % Explanation

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

DP Aircraft I Effective Interest Rate on Debt % Related Terms

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DP Aircraft I (LSE:DPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DP Aircraft I Ltd (LSE:DPA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Les Banques, East Wing, Trafalgar Court, Saint Peter Port, Channel Islands, GGY, GY1 3PP

Website

https://www.dpaircraft.com

DP Aircraft I Ltd is a holding company and makes its investment in aircraft through wholly-owned subsidiary entities. The company's principal activity is to purchase, lease, and then sell Boeing 787-8s Aircraft (the Assets). The investment objective of the group is to obtain income and capital returns for the company's shareholders by acquiring, leasing and then, when the Board considers it appropriate, selling the Assets. The group is engaged in a single segment of the business, being acquiring, leasing, and subsequent selling of Aircraft. It earns revenue majorly from its lease rental business.

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