Zigup (LSE:ZIG) Effective Interest Rate on Debt % : 4.31% (As of Oct. 2023)

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What is Zigup 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. Zigup's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £32 Mil. Zigup's average total debt for the quarter that ended in Oct. 2023 was £746 Mil. Therefore, Zigup's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 4.31%.

Zigup Effective Interest Rate on Debt % Historical Data

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

Zigup Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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3.04

2.72

2.55

2.56

3.24

Zigup Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.88	2.05	3.01	3.36	4.31

Competitive Comparison of Zigup's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Zigup'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.

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

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

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

Zigup Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -21.327	/	( (606.608	+	708.056)	/ 2 )
=	-1 * -21.327	/	657.332
=	3.24 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	533.077	+	73.531
=	606.608

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	644.484	+	63.572
=	708.056

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -32.182	/	( (708.056	+	784.678)	/ 2 )
=	-1 * -32.182	/	746.367
=	4.31 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	644.484	+	63.572
=	708.056

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	705.06	+	79.618
=	784.678

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

Zigup (LSE:ZIG) Effective Interest Rate on Debt % Explanation

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

Zigup Effective Interest Rate on Debt % Related Terms

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Zigup (LSE:ZIG) Business Description

Industry

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

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ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.