IDOX (LSE:IDOX) Effective Interest Rate on Debt % : 9.15% (As of Apr. 2024)

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What is IDOX 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. IDOX's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was £2.60 Mil. IDOX's average total debt for the quarter that ended in Apr. 2024 was £28.46 Mil. Therefore, IDOX's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 9.15%.

IDOX Effective Interest Rate on Debt % Historical Data

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

IDOX Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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4.02

4.77

2.84

5.55

5.81

IDOX Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.19	4.44	7.74	4.65	9.15

Competitive Comparison of IDOX's Effective Interest Rate on Debt %

For the Software - Application subindustry, IDOX'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.

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

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

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

IDOX Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -1.539	/	( (22.336	+	30.676)	/ 2 )
=	-1 * -1.539	/	26.506
=	5.81 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.791	+	0.545
=	22.336

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.456	+	0.22
=	30.676

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -2.604	/	( (30.676	+	26.241)	/ 2 )
=	-1 * -2.604	/	28.4585
=	9.15 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.456	+	0.22
=	30.676

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.719	+	0.522
=	26.241

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

IDOX (LSE:IDOX) Effective Interest Rate on Debt % Explanation

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

IDOX Effective Interest Rate on Debt % Related Terms

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IDOX (LSE:IDOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IDOX PLC (LSE:IDOX) » Definitions » Effective Interest Rate on Debt %

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IDOX.GB:UK

Address

Forsyth Road, Unit 5, Woking 8, Surrey, GBR, GU21 5SB

Website

https://www.idoxgroup.com

IDOX PLC is a provider of applications to the United Kingdom's local government related to land, people, and property. The company provides public sector companies tools to manage information and knowledge, documents, content, business processes and workflow, and elections management solutions. Its operating segments include Public Sector Software (PSS), Engineering Information Management (EIM). The company generates maximum revenue from the PSS segment. The PSS segment delivers specialist information management solutions and services to the public sector. Geographically, it derives a majority of its revenue from the United Kingdom.

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