Franchise Brands (LSE:FRAN) Effective Interest Rate on Debt % : 5.84% (As of Jun. 2023)

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What is Franchise Brands 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. Franchise Brands's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £3.2 Mil. Franchise Brands's average total debt for the quarter that ended in Jun. 2023 was £55.2 Mil. Therefore, Franchise Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 5.84%.

Franchise Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for Franchise Brands'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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Franchise Brands Effective Interest Rate on Debt % Chart

Franchise Brands Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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3.49

3.30

4.25

5.42

9.42

Franchise Brands Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														4.12	5.66	13.13	4.46	5.84

Competitive Comparison of Franchise Brands's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Franchise Brands'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.

Franchise Brands's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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

Franchise Brands Effective Interest Rate on Debt % Calculation

Franchise Brands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.235	/	( (2.534	+	2.457)	/ 2 )
=	-1 * -0.235	/	2.4955
=	9.42 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.78	+	0.754
=	2.534

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.626	+	0.831
=	2.457

Franchise Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -3.222	/	( (2.457	+	107.972)	/ 2 )
=	-1 * -3.222	/	55.2145
=	5.84 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.626	+	0.831
=	2.457

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.32	+	57.652
=	107.972

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

Franchise Brands (LSE:FRAN) Effective Interest Rate on Debt % Explanation

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

Franchise Brands Effective Interest Rate on Debt % Related Terms

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Franchise Brands (LSE:FRAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Franchise Brands PLC (LSE:FRAN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Ashwood Court, Springwood Close, Tytherington Business Park, Macclesfield, GBR, SK10 2XF

Website

https://www.franchisebrands.co.uk

Franchise Brands PLC is a holding company engaged in franchising and related activities. Its brands associated with the company are metro rod, chips away, barking mad, Oven clean, Metro Plumb, Willow Pumps, and Filta. Its operating segments are B2B, Filta International, B2C, Azura, and Other operations and the majority of the revenue comes from the B2B segment.

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