Smarttech247 Group (LSE:S247) Effective Interest Rate on Debt % : 13.43% (As of Jan. 2024)

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What is Smarttech247 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. Smarttech247 Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was £0.04 Mil. Smarttech247 Group's average total debt for the quarter that ended in Jan. 2024 was £0.28 Mil. Therefore, Smarttech247 Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 13.43%.

Smarttech247 Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Smarttech247 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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Smarttech247 Group Effective Interest Rate on Debt % Chart

Smarttech247 Group Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

7.92

2.99

4.16

9.08

7.33

Smarttech247 Group Semi-Annual Data
	Jul19	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				8.94	9.41	11.07	13.08	13.43

Competitive Comparison of Smarttech247 Group's Effective Interest Rate on Debt %

For the Software - Application subindustry, Smarttech247 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.

Smarttech247 Group's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Smarttech247 Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Smarttech247 Group's Effective Interest Rate on Debt % falls into.

Smarttech247 Group Effective Interest Rate on Debt % Calculation

Smarttech247 Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.086	/	( (2.044	+	0.301)	/ 2 )
=	-1 * -0.086	/	1.1725
=	7.33 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.99	+	0.054
=	2.044

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.223	+	0.078
=	0.301

Smarttech247 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 * -0.038	/	( (0.301	+	0.265)	/ 2 )
=	-1 * -0.038	/	0.283
=	13.43 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.223	+	0.078
=	0.301

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.187	+	0.078
=	0.265

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.

Smarttech247 Group (LSE:S247) Effective Interest Rate on Debt % Explanation

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

Smarttech247 Group Effective Interest Rate on Debt % Related Terms

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Smarttech247 Group (LSE:S247) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

165 Fleet Street, London, GBR, EC4A 2DY

Website

https://www.smarttech247.com

Smarttech247 Group PLC is a multi-award winning automated managed detection and response company. Its platform is trusted by global organizations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. The company's service is geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced response team.

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