Sorted Group Holdings (LSE:SORT) Effective Interest Rate on Debt % : 16.33% (As of Jun. 2024)

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What is Sorted Group 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. Sorted Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £0.73 Mil. Sorted Group Holdings's average total debt for the quarter that ended in Jun. 2024 was £4.48 Mil. Therefore, Sorted Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 16.33%.

Sorted Group Holdings Effective Interest Rate on Debt % Historical Data

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

Sorted Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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17.33

8.00

Sorted Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	16.33

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

For the Software - Application subindustry, Sorted Group 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.

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

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

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

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Sorted Group Holdings Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.732	/	( (0	+	4.483)	/ 1 )
=	-1 * -0.732	/	4.483
=	16.33 %

where

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

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.429	+	0.054
=	4.483

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

Sorted Group Holdings (LSE:SORT) Effective Interest Rate on Debt % Explanation

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

Sorted Group Holdings Effective Interest Rate on Debt % Related Terms

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Sorted Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sorted Group Holdings PLC (LSE:SORT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

59L:Germany

Address

50 Brown Street, Chancery Place, 5th Floor, Room 502d, Manchester, GBR, M2 2JG

Website

https://www.sorted.com

Sorted Group Holdings PLC is a UK-based mobile commerce company. The company is engaged in providing mobile advertising and data technology to enable various brands to advertise and engage directly with consumers' mobile phones, via utilizing Bluetooth Low Energy beacons. The company's segment includes Verify, and Location Data and Insights. The company derives maximum revenue from the Location Data and Insights segment. The company's geographical segments include the UK and the Rest of the World of which the UK generates the majority of revenue.

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