NCC Group (LSE:NCC) Effective Interest Rate on Debt % : 5.60% (As of Nov. 2023)

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What is NCC 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. NCC Group's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £6.0 Mil. NCC Group's average total debt for the quarter that ended in Nov. 2023 was £107.2 Mil. Therefore, NCC Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 5.60%.

NCC Group Effective Interest Rate on Debt % Historical Data

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

NCC Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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2.43

2.63

2.44

3.28

4.12

NCC Group 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															3.03	2.54	3.63	4.96	5.60

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

For the Software - Application subindustry, NCC 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.

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

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

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

NCC Group Effective Interest Rate on Debt % Calculation

NCC 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 * -5.6	/	( (158.2	+	113.7)	/ 2 )
=	-1 * -5.6	/	135.95
=	4.12 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	134.3	+	23.9
=	158.2

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	105.9	+	7.8
=	113.7

NCC 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 * -6	/	( (113.7	+	100.6)	/ 2 )
=	-1 * -6	/	107.15
=	5.60 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	105.9	+	7.8
=	113.7

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89.3	+	11.3
=	100.6

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.

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

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

NCC Group Effective Interest Rate on Debt % Related Terms

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NCC Group (LSE:NCC) Business Description

Industry

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Address

2 Hardman Boulevard, XYZ Building, Spinningfields, Manchester, GBR, M3 3AQ

Website

https://www.nccgroup.com

NCC Group PLC is a U.K.-based provider of information assurance software solutions to the transportation, finance, retail, Internet of Things, and oil and gas end markets. The firm's operations are organized in below divisions: Assurance, which offers security and risks consulting services; group escrow, which offers software escrow services with a third-party agent; and domain services, which maintains and publishes trust security standards. Roughly half of the firm's revenue is generated in the United Kingdom, with the rest coming from Europe and the rest of the world.

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