Polar Capital Holdings (LSE:POLR) Effective Interest Rate on Debt % : 2.33% (As of Sep. 2023)

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What is Polar Capital Holdings 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. Polar Capital Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £0.2 Mil. Polar Capital Holdings's average total debt for the quarter that ended in Sep. 2023 was £9.3 Mil. Therefore, Polar Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 2.33%.

Polar Capital Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Polar Capital Holdings'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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Polar Capital Holdings Effective Interest Rate on Debt % Chart

Polar Capital Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.82

Polar Capital Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	3.78	2.33

Competitive Comparison of Polar Capital Holdings's Effective Interest Rate on Debt %

For the Asset Management subindustry, Polar Capital Holdings'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.

Polar Capital Holdings's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Polar Capital Holdings's Effective Interest Rate on Debt % falls into.

Polar Capital Holdings Effective Interest Rate on Debt % Calculation

Polar Capital Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.175	/	( (3.142	+	9.255)	/ 2 )
=	-1 * -0.175	/	6.1985
=	2.82 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.896	+	1.246
=	3.142

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.526	+	1.729
=	9.255

Polar Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.216	/	( (9.255	+	0)	/ 1 )
=	-1 * -0.216	/	9.255
=	2.33 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.526	+	1.729
=	9.255

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

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

Polar Capital Holdings (LSE:POLR) Effective Interest Rate on Debt % Explanation

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

Polar Capital Holdings Effective Interest Rate on Debt % Related Terms

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Polar Capital Holdings (LSE:POLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Holdings PLC (LSE:POLR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

POLR.GB:UK XZF:Germany

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapital.co.uk

Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

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