Marks Electrical Group (LSE:MRK) Effective Interest Rate on Debt % : 2.91% (As of Mar. 2024)

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What is Marks Electrical 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. Marks Electrical Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £0.0 Mil. Marks Electrical Group's average total debt for the quarter that ended in Mar. 2024 was £1.0 Mil. Therefore, Marks Electrical Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.91%.

Marks Electrical Group Effective Interest Rate on Debt % Historical Data

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

Marks Electrical Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.55

2.74

3.52

4.79

3.06

Marks Electrical Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					5.02	3.90	4.28	4.17	2.91

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

For the Specialty Retail subindustry, Marks Electrical 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.

Marks Electrical Group's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Marks Electrical Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Marks Electrical Group Effective Interest Rate on Debt % Calculation

Marks Electrical Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.039	/	( (1.394	+	1.155)	/ 2 )
=	-1 * -0.039	/	1.2745
=	3.06 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.473	+	0.921
=	1.394

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.534	+	0.621
=	1.155

Marks Electrical Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.03	/	( (0.91	+	1.155)	/ 2 )
=	-1 * -0.03	/	1.0325
=	2.91 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.048	+	0.862
=	0.91

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.534	+	0.621
=	1.155

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

Marks Electrical Group (LSE:MRK) Effective Interest Rate on Debt % Explanation

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

Marks Electrical Group Effective Interest Rate on Debt % Related Terms

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Marks Electrical Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks Electrical Group PLC (LSE:MRK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Boston Road, Leicester, GBR, LE4 1AU

Website

https://www.markselectrical.co.uk

Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. Primarily through its retail website - markselectrical.co.uk, the company offers over 3,000 products from over fifty brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains strong and direct relationships. Delivery to customers is operated by its own skilled team of delivery drivers in its owned and branded vehicles, who are also able to offer installation and recycling services.