Turners Group NZ (NZSE:TUA) Effective Interest Rate on Debt % : 15.26% (As of Jun. 2014)

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What is Turners Group NZ 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. Turners Group NZ's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was NZ$2.30 Mil. Turners Group NZ's average total debt for the quarter that ended in Jun. 2014 was NZ$15.04 Mil. Therefore, Turners Group NZ's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 15.26%.

Turners Group NZ Effective Interest Rate on Debt % Historical Data

The historical data trend for Turners Group NZ'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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Turners Group NZ Effective Interest Rate on Debt % Chart

Turners Group NZ Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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10.06

9.95

9.50

8.97

10.56

Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.08	8.88	8.51	13.47	15.26

Competitive Comparison of Turners Group NZ's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Turners Group NZ'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.

Turners Group NZ's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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

Turners Group NZ Effective Interest Rate on Debt % Calculation

Turners Group NZ's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -1.926	/	( (21.452	+	15.041)	/ 2 )
=	-1 * -1.926	/	18.2465
=	10.56 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.949	+	9.503
=	21.452

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.041	+	0
=	15.041

Turners Group NZ's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2013 )	+	Total Debt (Q: Jun. 2014 ))	/ count )
=	-1 * -2.296	/	( (15.041	+	0)	/ 1 )
=	-1 * -2.296	/	15.041
=	15.26 %

where

	Total Debt (Q: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.041	+	0
=	15.041

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Jun. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Turners Group NZ (NZSE:TUA) Effective Interest Rate on Debt % Explanation

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

Turners Group NZ Effective Interest Rate on Debt % Related Terms

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Turners Group NZ (NZSE:TUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Group NZ Ltd (NZSE:TUA) » Definitions » Effective Interest Rate on Debt %

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Address

Website

http://www.turners.co.nz

Turners Auctions Limited (TUA-NZ) is New Zealand's largest auction house with 16 branches nation wide and annual turnover exceeding NZ$400m. TUA is also the largest single seller of motor vehicles in New Zealand. The business operates in two broad markets: used vehicles and commercial goods. Vehicle sales include trucks, damaged insurance salvaged vehicles, light commercial vehicles and passenger cars. Commercial sales include a wide variety of surplus equipment such as heavy plant and machinery, police and custom seized goods, liquidator sales, catering equipment, computers and furniture.