Mattioli Woods (LSE:MTW) Effective Interest Rate on Debt % : 41.82% (As of Nov. 2023)

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What is Mattioli Woods 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. Mattioli Woods's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £1.5 Mil. Mattioli Woods's average total debt for the quarter that ended in Nov. 2023 was £3.6 Mil. Therefore, Mattioli Woods's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 41.82%.

Mattioli Woods Effective Interest Rate on Debt % Historical Data

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

Mattioli Woods Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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6.74

9.39

31.73

31.72

Mattioli Woods Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															26.41	26.74	32.26	33.97	41.82

Competitive Comparison of Mattioli Woods's Effective Interest Rate on Debt %

For the Asset Management subindustry, Mattioli Woods'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.

Mattioli Woods's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mattioli Woods's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Mattioli Woods Effective Interest Rate on Debt % Calculation

Mattioli Woods'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 * -1.128	/	( (3.757	+	3.356)	/ 2 )
=	-1 * -1.128	/	3.5565
=	31.72 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.772	+	0.985
=	3.757

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.6	+	0.756
=	3.356

Mattioli Woods'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 * -1.494	/	( (3.356	+	3.789)	/ 2 )
=	-1 * -1.494	/	3.5725
=	41.82 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.6	+	0.756
=	3.356

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.979	+	0.81
=	3.789

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.

Mattioli Woods (LSE:MTW) Effective Interest Rate on Debt % Explanation

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

Mattioli Woods Effective Interest Rate on Debt % Related Terms

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Mattioli Woods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mattioli Woods PLC (LSE:MTW) » Definitions » Effective Interest Rate on Debt %

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Address

1 New Walk Place, Leicester, GBR, LE1 6RU

Website

https://www.mattioliwoods.com

Mattioli Woods PLC is a UK-based company that is engaged in providing wealth management and employee benefit services. The company's operating segments include Pension consultancy and administration; Investment and asset management; Property management; and Employee benefits. It generates maximum revenue from the Investment and asset management segment. Investment and asset management income generated is from the management and placing of investments on behalf of clients.