Tavistock Investments (LSE:TAVI) Effective Interest Rate on Debt % : 12.47% (As of Sep. 2023)

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What is Tavistock Investments 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. Tavistock Investments's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £0.26 Mil. Tavistock Investments's average total debt for the quarter that ended in Sep. 2023 was £2.10 Mil. Therefore, Tavistock Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 12.47%.

Tavistock Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for Tavistock Investments'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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Tavistock Investments Effective Interest Rate on Debt % Chart

Tavistock Investments Annual Data

Trend

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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11.74

10.35

6.97

5.11

Tavistock Investments Semi-Annual Data
	Dec13	Jun14	Dec14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.07	6.20	12.99	-	12.47

Competitive Comparison of Tavistock Investments's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Tavistock Investments'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.

Tavistock Investments's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tavistock Investments's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tavistock Investments Effective Interest Rate on Debt % Calculation

Tavistock Investments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * 0	/	( (1.215	+	1.468)	/ 2 )
=	-1 * 0	/	1.3415
=	0.00 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.732	+	0.483
=	1.215

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.999	+	0.469
=	1.468

Tavistock Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.262	/	( (1.468	+	2.733)	/ 2 )
=	-1 * -0.262	/	2.1005
=	12.47 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.999	+	0.469
=	1.468

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.733	+	0
=	2.733

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

Tavistock Investments (LSE:TAVI) Effective Interest Rate on Debt % Explanation

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

Tavistock Investments Effective Interest Rate on Debt % Related Terms

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Tavistock Investments (LSE:TAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tavistock Investments PLC (LSE:TAVI) » Definitions » Effective Interest Rate on Debt %

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Address

Lyndhurst Road, 1 Queen's Square, Ascot Business Park, Ascot, Berkshire, GBR, SL5 9FE

Website

https://www.tavistockinvestments.com

Tavistock Investments PLC is a UK-based company that is engaged in the provision of support services to a network of independent financial advisories (IFAs) and the provision of investment management services. The company's operating segments include Investment Management and Advisory Business. It generates maximum revenue from the Advisory Business segment. Revenue generated by the company mainly consists of fees and commissions received by providing services.

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