REACT Group (LSE:REAT) Effective Interest Rate on Debt % : 18.03% (As of Mar. 2024)

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What is REACT 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. REACT Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £0.16 Mil. REACT Group's average total debt for the quarter that ended in Mar. 2024 was £0.87 Mil. Therefore, REACT Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 18.03%.

REACT Group Effective Interest Rate on Debt % Historical Data

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

REACT Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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53.49

0.94

8.97

20.47

REACT Group Semi-Annual Data
	Mar14	Sep14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.88	18.35	13.72	27.86	18.03

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

For the Specialty Business Services subindustry, REACT 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.

REACT Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, REACT Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

REACT Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.203	/	( (1.079	+	0.904)	/ 2 )
=	-1 * -0.203	/	0.9915
=	20.47 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.861	+	0.218
=	1.079

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.703	+	0.201
=	0.904

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.156	/	( (0.904	+	0.826)	/ 2 )
=	-1 * -0.156	/	0.865
=	18.03 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.703	+	0.201
=	0.904

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.608	+	0.218
=	0.826

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

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

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

REACT Group Effective Interest Rate on Debt % Related Terms

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REACT Group (LSE:REAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » REACT Group PLC (LSE:REAT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Holly House, Shady Lane, Birmingham, GBR, B44 9ER

Website

https://www.reactplc.co.uk

REACT Group PLC is engaged in providing cleaning, decontamination, and hygiene sector, including both contracted commercial cleaning and specialist emergency decontamination work. Its objective is to maintain and/or rapidly return its customers' property to safe, clean, operational use and do this through regular specialist cleaning and/or emergency response to potentially harmful incidents. The business operates through three divisions; commercial windows & cladding, hygiene & maintenance, and, emergency & decontamination. It has three operating segments; Contract Maintenance, Contract Reactive, and Ad Hoc work, out of which a majority of the revenue is generated from the contract maintenance segment.

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