Serco Group (LSE:SRP) Effective Interest Rate on Debt % : 4.19% (As of Dec. 2023)

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What is Serco 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. Serco Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £30 Mil. Serco Group's average total debt for the quarter that ended in Dec. 2023 was £707 Mil. Therefore, Serco Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.19%.

Serco Group Effective Interest Rate on Debt % Historical Data

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

Serco Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.74

3.41

2.93

3.05

4.19

Serco Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.77	2.61	3.46	3.80	4.19

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

For the Specialty Business Services subindustry, Serco 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.

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

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

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

Serco Group Effective Interest Rate on Debt % Calculation

Serco Group'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 * -28.7	/	( (708.9	+	659.9)	/ 2 )
=	-1 * -28.7	/	684.4
=	4.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	520	+	188.9
=	708.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	468.9	+	191
=	659.9

Serco Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -29.6	/	( (753.7	+	659.9)	/ 2 )
=	-1 * -29.6	/	706.8
=	4.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	459.8	+	293.9
=	753.7

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	468.9	+	191
=	659.9

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Serco Group (LSE:SRP) Effective Interest Rate on Debt % Explanation

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

Serco Group Effective Interest Rate on Debt % Related Terms

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Serco Group (LSE:SRP) Business Description

Industry

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

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Traded in Other Exchanges

SECCF:USA SCGPY:USA SRPl:UK SEO:Germany

Address

16 Bartley Wood Business Park, Serco House, Bartley Way, Hook, Hampshire, GBR, RG27 9UY

Website

https://www.serco.com

Serco Group PLC helps governments and public-sector bodies deliver public services. The company generates revenue from four divisions. The U.K. & Europe local and regional government division provides hospital management welfare, business support operations, and defense services in the U.K. and Europe. The Americas division provides professional, defense, technology, and management services to U.S. and Canadian governments. The Asia-Pacific segment provides frontline services, defense, citizen services in Australia, New Zealand, and Hong Kong. The Middle East division provides transport, defense, and health services in the Middle East. The company generates most of its revenue from the U.K. & Europe division.

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