Ultimate Products (LSE:ULTP) Effective Interest Rate on Debt % : 5.41% (As of Jan. 2024)

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What is Ultimate Products 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. Ultimate Products's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was £1.2 Mil. Ultimate Products's average total debt for the quarter that ended in Jan. 2024 was £21.7 Mil. Therefore, Ultimate Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.41%.

Ultimate Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Ultimate Products'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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Ultimate Products Effective Interest Rate on Debt % Chart

Ultimate Products Annual Data

Trend

Apr14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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4.54

6.10

3.63

3.11

4.29

Ultimate Products Semi-Annual Data
	Jul16	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										2.69	2.94	5.17	3.66	5.41

Competitive Comparison of Ultimate Products's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.

Ultimate Products's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ultimate Products Effective Interest Rate on Debt % Calculation

Ultimate Products'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 * -1.248	/	( (33.215	+	24.979)	/ 2 )
=	-1 * -1.248	/	29.097
=	4.29 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.084	+	23.131
=	33.215

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.252	+	16.727
=	24.979

Ultimate Products'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 * -1.174	/	( (24.979	+	18.445)	/ 2 )
=	-1 * -1.174	/	21.712
=	5.41 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.252	+	16.727
=	24.979

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.865	+	14.58
=	18.445

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.

Ultimate Products (LSE:ULTP) Effective Interest Rate on Debt % Explanation

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

Ultimate Products Effective Interest Rate on Debt % Related Terms

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Ultimate Products (LSE:ULTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ultimate Products PLC (LSE:ULTP) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ULTPl:UK 3DJ:Germany

Address

Victoria Street, Manor Mill, Chadderton, Oldham, Manchester, GBR, OL9 0DD

Website

https://www.upplc.com

Ultimate Products PLC design, develop and distribute homeware products across its key brands, including household names Salter and Beldray. It has Products divisons such as Cookshop, Audio, Laundry, Electrical SDA, Tabletop, Luggage, Heating and Cooling. The company operates in United Kingdom, Europe and the rest of the world.

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