Guinness Nigeria (NSA:GUIN) Effective Interest Rate on Debt % : 6.89% (As of Sep. 2023)

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What is Guinness Nigeria 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. Guinness Nigeria's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₦4,238 Mil. Guinness Nigeria's average total debt for the quarter that ended in Sep. 2023 was ₦61,533 Mil. Therefore, Guinness Nigeria's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.89%.

Guinness Nigeria Effective Interest Rate on Debt % Historical Data

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

Guinness Nigeria Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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11.04

14.68

7.77

3.53

8.79

Guinness Nigeria Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.23	54.11	30.70	9.48	6.89

Competitive Comparison of Guinness Nigeria's Effective Interest Rate on Debt %

For the Beverages - Brewers subindustry, Guinness Nigeria'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.

Guinness Nigeria's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Guinness Nigeria's Effective Interest Rate on Debt % distribution charts can be found below:

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

Guinness Nigeria Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -4190.313	/	( (31486.538	+	63910.24)	/ 2 )
=	-1 * -4190.313	/	47698.389
=	8.79 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	177.144	+	31309.394
=	31486.538

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.272	+	63755.968
=	63910.24

Guinness Nigeria'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -4238.148	/	( (63910.24	+	59155.277)	/ 2 )
=	-1 * -4238.148	/	61532.7585
=	6.89 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.272	+	63755.968
=	63910.24

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	159.713	+	58995.564
=	59155.277

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

Guinness Nigeria (NSA:GUIN) Effective Interest Rate on Debt % Explanation

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

Guinness Nigeria Effective Interest Rate on Debt % Related Terms

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Guinness Nigeria (NSA:GUIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Guinness Nigeria PLC (NSA:GUIN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cocoa Industries Road, Ikeja, Lagos, Ikeja, Lagos, NGA, 21071

Website

https://www.guinness-nigeria.com

Guinness Nigeria PLC is a beverage manufacturing company. The company is engaged in brewing, packaging, marketing and selling of various beverage brand including Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, Malta Guinness Low Sugar, Harp Lager, Smirnoff Ice, Satazenbrau Lager, Snapp, Orijin Spirit Mixed Drink, Orijin Bitters, and many more. Geographically, it derives a majority of revenue from Nigeria.

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