Learning Technologies Group (LSE:LTG) Effective Interest Rate on Debt % : 7.62% (As of Dec. 2023)

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What is Learning Technologies 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. Learning Technologies Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £13.8 Mil. Learning Technologies Group's average total debt for the quarter that ended in Dec. 2023 was £180.8 Mil. Therefore, Learning Technologies Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.62%.

Learning Technologies Group Effective Interest Rate on Debt % Historical Data

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

Learning Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.42

3.37

1.81

4.06

7.21

Learning Technologies 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															3.02	2.84	5.32	6.76	7.62

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

For the Software - Application subindustry, Learning Technologies 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.

Learning Technologies Group's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Learning Technologies Group Effective Interest Rate on Debt % Calculation

Learning Technologies Group'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 * -14.132	/	( (229.532	+	162.411)	/ 2 )
=	-1 * -14.132	/	195.9715
=	7.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	187.736	+	41.796
=	229.532

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127.897	+	34.514
=	162.411

Learning Technologies 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 * -13.778	/	( (199.157	+	162.411)	/ 2 )
=	-1 * -13.778	/	180.784
=	7.62 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	163.775	+	35.382
=	199.157

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127.897	+	34.514
=	162.411

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.

Learning Technologies Group (LSE:LTG) Effective Interest Rate on Debt % Explanation

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

Learning Technologies Group Effective Interest Rate on Debt % Related Terms

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Learning Technologies Group (LSE:LTG) Business Description

Industry

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

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Traded in Other Exchanges

LTTHF:USA LTG.GB:UK LTG:Germany

Address

15 Fetter Lane, Ground Floor, London, GBR, EC4A 1BW

Website

https://www.ltgplc.com

Learning Technologies Group PLC, along with its subsidiaries, offers a wide range of e-learning services and technologies to corporate and government clients. The company operates in three reportable segments: the Software and Platforms, the Content and Services, and the Other. Geographically, it operates in the United Kingdom, Mainland Europe, the United States, Canada, Asia Pacific, and the Rest of the World. The company's largest end market by revenue is the United States.

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