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Bankers Investment Trust (NZSE:BIT) Effective Interest Rate on Debt % : 3.29% (As of Oct. 2022)


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What is Bankers Investment Trust 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. Bankers Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Oct. 2022 was NZ$8.91 Mil. Bankers Investment Trust's average total debt for the quarter that ended in Oct. 2022 was NZ$271.00 Mil. Therefore, Bankers Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2022 was 3.29%.


Bankers Investment Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Bankers Investment Trust'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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Bankers Investment Trust Effective Interest Rate on Debt % Chart

Bankers Investment Trust Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.69 4.65 3.39 3.27 3.54

Bankers Investment Trust Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Oct23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.65 3.83 3.22 3.29 -

Competitive Comparison of Bankers Investment Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Bankers Investment Trust'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.


Bankers Investment Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bankers Investment Trust's Effective Interest Rate on Debt % distribution charts can be found below:

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



Bankers Investment Trust Effective Interest Rate on Debt % Calculation

Bankers Investment Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -9.481/( (276.823+258.167)/ 2 )
=-1  *  -9.481/267.495
=3.54 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=276.823 + 0
=276.823

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=258.167 + 0
=258.167

Bankers Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2022 )+Total Debt  (Q: Oct. 2022 ))/ count )
=-1  *  -8.912/( (265.167+276.823)/ 2 )
=-1  *  -8.912/270.995
=3.29 %

where

Total Debt  (Q: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=265.167 + 0
=265.167

Total Debt  (Q: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=276.823 + 0
=276.823

* 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.

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Bankers Investment Trust  (NZSE:BIT) Effective Interest Rate on Debt % Explanation

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


Bankers Investment Trust Effective Interest Rate on Debt % Related Terms

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Bankers Investment Trust (NZSE:BIT) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Bankers Investment Trust PLC is a UK based investment trust company. The company's investment objective is to achieve capital growth in the excess of the FTSE World Index and annual dividend growth greater than inflation, as defined by the UK Retail Prices Index. Its investments include Equities, Debt securities, cash investment, investment trust, collective funds, and derivatives. Its geographical segments are North America, United Kingdom, Europe(excluding the UK), Japan, China, and Pacific(excluding Japan & China).

Bankers Investment Trust (NZSE:BIT) Headlines

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