Next 15 Group (LSE:NFG) Effective Interest Rate on Debt % : 38.01% (As of Jan. 2024)

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What is Next 15 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. Next 15 Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was £29.5 Mil. Next 15 Group's average total debt for the quarter that ended in Jan. 2024 was £77.5 Mil. Therefore, Next 15 Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 38.01%.

Next 15 Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Next 15 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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Next 15 Group Effective Interest Rate on Debt % Chart

Next 15 Group Annual Data

Trend

Jul13

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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10.00

10.07

17.59

43.96

43.00

Next 15 Group Semi-Annual Data
	Jul13	Jan14	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.91	34.51	32.40	44.18	38.01

Competitive Comparison of Next 15 Group's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Next 15 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.

Next 15 Group's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Next 15 Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Next 15 Group's Effective Interest Rate on Debt % falls into.

Next 15 Group Effective Interest Rate on Debt % Calculation

Next 15 Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -30.243	/	( (63.018	+	77.655)	/ 2 )
=	-1 * -30.243	/	70.3365
=	43.00 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.732	+	12.286
=	63.018

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.54	+	10.115
=	77.655

Next 15 Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -29.468	/	( (77.41	+	77.655)	/ 2 )
=	-1 * -29.468	/	77.5325
=	38.01 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.5	+	10.91
=	77.41

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.54	+	10.115
=	77.655

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

Next 15 Group (LSE:NFG) Effective Interest Rate on Debt % Explanation

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

Next 15 Group Effective Interest Rate on Debt % Related Terms

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Next 15 Group (LSE:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next 15 Group PLC (LSE:NFG) » Definitions » Effective Interest Rate on Debt %

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NXFNF:USA

Address

60 Great Portland Street, London, GBR, W1W 7RT

Website

https://www.next15.com

Next 15 Group PLC is a digital marketing company in the United Kingdom. The company segments include Customer Engage; Customer Delivery; Customer Insight and Business Transformation. It generates maximum revenue from the Customer Engage segment.