Made Tech Group (LSE:MTEC) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)

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What is Made Tech 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. Made Tech Group's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £0.00 Mil. Made Tech Group's average total debt for the quarter that ended in Nov. 2023 was £0.09 Mil. Therefore, Made Tech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.00%.

Made Tech Group Effective Interest Rate on Debt % Historical Data

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

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

1.17

4.01

2.55

2.84

6.09

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				4.07	6.39	5.81	6.47	-

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

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Made Tech Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -0.014	/	( (0.32	+	0.14)	/ 2 )
=	-1 * -0.014	/	0.23
=	6.09 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.14	+	0.18
=	0.32

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.14
=	0.14

Made Tech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * 0	/	( (0.14	+	0.047)	/ 2 )
=	-1 * 0	/	0.0935
=	0.00 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.14
=	0.14

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.047
=	0.047

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

Made Tech Group (LSE:MTEC) Effective Interest Rate on Debt % Explanation

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

Made Tech Group Effective Interest Rate on Debt % Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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