TI Fluid Systems (LSE:TIFS) Effective Interest Rate on Debt % : 6.88% (As of Dec. 2023)

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What is TI Fluid Systems 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. TI Fluid Systems's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £71 Mil. TI Fluid Systems's average total debt for the quarter that ended in Dec. 2023 was £1,029 Mil. Therefore, TI Fluid Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.88%.

TI Fluid Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for TI Fluid Systems'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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TI Fluid Systems Effective Interest Rate on Debt % Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.02

5.07

4.93

5.16

6.74

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											4.75	4.74	5.49	6.40	6.88

Competitive Comparison of TI Fluid Systems's Effective Interest Rate on Debt %

For the Auto Parts subindustry, TI Fluid Systems'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.

TI Fluid Systems's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TI Fluid Systems's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TI Fluid Systems's Effective Interest Rate on Debt % falls into.

TI Fluid Systems Effective Interest Rate on Debt % Calculation

TI Fluid Systems'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 * -70.299	/	( (1100.61	+	985.734)	/ 2 )
=	-1 * -70.299	/	1043.172
=	6.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1074.519	+	26.091
=	1100.61

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	962.99	+	22.744
=	985.734

TI Fluid Systems'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 * -70.816	/	( (1071.388	+	985.734)	/ 2 )
=	-1 * -70.816	/	1028.561
=	6.88 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1046.332	+	25.056
=	1071.388

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	962.99	+	22.744
=	985.734

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.

TI Fluid Systems (LSE:TIFS) Effective Interest Rate on Debt % Explanation

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

TI Fluid Systems Effective Interest Rate on Debt % Related Terms

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TI Fluid Systems (LSE:TIFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TI Fluid Systems PLC (LSE:TIFS) » Definitions » Effective Interest Rate on Debt %

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Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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