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Smiths Group (LSE:SMIN) Effective Interest Rate on Debt % : 11.09% (As of Jan. 2025)


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What is Smiths 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. Smiths Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was £74 Mil. Smiths Group's average total debt for the quarter that ended in Jan. 2025 was £667 Mil. Therefore, Smiths Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 11.09%.

Smiths Group Effective Interest Rate on Debt % Historical Data

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

Smiths Group Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.91 3.33 4.12 9.34 11.12

Smiths Group Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.41 8.81 9.95 12.01 11.09

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

For the Specialty Industrial Machinery subindustry, Smiths 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.

Smiths Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Smiths Group Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2023 )+Total Debt  (A: Jul. 2024 ))/ count )
=-1  *  -73/( (654+659)/ 2 )
=-1  *  -73/656.5
=11.12 %

where

Total Debt  (A: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=625 + 29
=654

Total Debt  (A: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=625 + 34
=659

Smiths Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2024 )+Total Debt  (Q: Jan. 2025 ))/ count )
=-1  *  -74/( (659+675)/ 2 )
=-1  *  -74/667
=11.09 %

where

Total Debt  (Q: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=625 + 34
=659

Total Debt  (Q: Jan. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=632 + 43
=675

* 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.

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

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

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

Smiths Group Effective Interest Rate on Debt % Related Terms

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Smiths Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (LSE:SMIN) » Definitions » Effective Interest Rate on Debt %
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LSE:WEIR LSE:MRO LSE:IMI LSE:SPX LSE:ROR LSE:BOY LSE:MGAM LSE:GDWN LSE:ITM LSE:MPAC XTER:SIE XPAR:SU ETN GEV PH OSTO:ATCO A ITW TSE:7011 XTER:ENR EMR
Traded in Other Exchanges
SMGZY:USA SMGKF:USA SMINl:UK QS2A:Germany
Address
255 Blackfriars Road, Level 10, Arbor, Bankside Yards, London, GBR, SE1 9AX
Website
https://www.smiths.com
Smiths Group operates four distinct industrial capital goods businesses, each with industry leadership positions that serve a diverse range of end markets, including oil and gas, aviation & defense, and the general industrial sector. Despite serving disparate markets, each of Smiths Group's constituent companies provide an advanced technology offering backed by the group's engineering expertise. John Crane—Smiths Group's largest business—is the global industry leader in the design and manufacture of highly engineered mechanical seals, boasting the largest installed base across its energy and general industrial end markets. Smiths Detection is a global leading supplier of security and detection scanning equipment to aviation, sea ports, and municipal customers.