Kier Group (LSE:KIE) Effective Interest Rate on Debt % : 7.86% (As of Dec. 2023)

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What is Kier 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. Kier Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £39 Mil. Kier Group's average total debt for the quarter that ended in Dec. 2023 was £496 Mil. Therefore, Kier Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.86%.

Kier Group Effective Interest Rate on Debt % Historical Data

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

Kier Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.10

4.72

5.72

5.03

7.97

Kier Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	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															4.58	4.67	5.93	7.58	7.86

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

For the Engineering & Construction subindustry, Kier 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.

Kier Group's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kier Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kier Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -38.5	/	( (464.6	+	501.7)	/ 2 )
=	-1 * -38.5	/	483.15
=	7.97 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	398.2	+	66.4
=	464.6

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.5	+	36.2
=	501.7

Kier Group'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 * -39	/	( (501.7	+	490.4)	/ 2 )
=	-1 * -39	/	496.05
=	7.86 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.5	+	36.2
=	501.7

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	455.1	+	35.3
=	490.4

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.

Kier Group (LSE:KIE) Effective Interest Rate on Debt % Explanation

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

Kier Group Effective Interest Rate on Debt % Related Terms

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Kier Group (LSE:KIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kier Group PLC (LSE:KIE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

KIEl:UK 10I:Germany

Address

Optimum House, 2nd Floor, Clippers Quay, Salford, GBR, M50 3XP

Website

http://www.kier.co.uk

Kier Group PLC is a construction, services, and property company that builds and maintains projects for various sectors. Its design and engineering capabilities meet the specifications for public and private customers. The construction segment works in both the public and private sectors through local bases and offers national coverage for its clients. The infrastructure services segment is focused on four main markets: highways, utilities, infrastructure, and rail. The property segment, which invests and develops schemes and sites across the United Kingdom and the last segment is corporate segment. Kier plans to divest from this segment to free up capital for the other segments. The U.K. accounts majority of its revenue, with the rest split among the Americas, Middle East, and Far East.