Smart (J) (Contractors) (LSE:SMJ) Effective Interest Rate on Debt % : 0.13% (As of Jan. 2024)

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What is Smart (J) (Contractors) 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. Smart (J) (Contractors)'s annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was £0.01 Mil. Smart (J) (Contractors)'s average total debt for the quarter that ended in Jan. 2024 was £10.84 Mil. Therefore, Smart (J) (Contractors)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.13%.

Smart (J) (Contractors) Effective Interest Rate on Debt % Historical Data

The historical data trend for Smart (J) (Contractors)'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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Smart (J) (Contractors) Effective Interest Rate on Debt % Chart

Smart (J) (Contractors) Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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0.10

0.23

0.10

0.11

Smart (J) (Contractors) Semi-Annual Data
	Jul14	Jan15	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															0.10	0.11	0.10	0.10	0.13

Competitive Comparison of Smart (J) (Contractors)'s Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Smart (J) (Contractors)'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.

Smart (J) (Contractors)'s Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Smart (J) (Contractors)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Smart (J) (Contractors)'s Effective Interest Rate on Debt % falls into.

Smart (J) (Contractors) Effective Interest Rate on Debt % Calculation

Smart (J) (Contractors)'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 * -0.012	/	( (11.262	+	10.704)	/ 2 )
=	-1 * -0.012	/	10.983
=	0.11 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.212	+	11.05
=	11.262

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.212	+	10.492
=	10.704

Smart (J) (Contractors)'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 * -0.014	/	( (10.704	+	10.97)	/ 2 )
=	-1 * -0.014	/	10.837
=	0.13 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.212	+	10.492
=	10.704

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.212	+	10.758
=	10.97

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.

Smart (J) (Contractors) (LSE:SMJ) Effective Interest Rate on Debt % Explanation

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

Smart (J) (Contractors) Effective Interest Rate on Debt % Related Terms

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Smart (J) (Contractors) (LSE:SMJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart (J) & Co (Contractors) PLC (LSE:SMJ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

28 Cramond Road South, Edinburgh, GBR, EH4 6AB

Website

https://www.jsmart.co.uk

Smart (J) & Co (Contractors) PLC is a construction company. Its activities include building and civil engineering contracting, a residential development for sale, and the development of industrial and commercial property for lease and sale. The main construction activity undertaken by the company is that of social housing for several housing associations and registered social landlords predominately in the Edinburgh area. It has a portfolio of self-financed industrial and commercial properties that are owned and managed by its subsidiary company. The investment properties are located throughout the central belt of Scotland and in the Edinburgh area.

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