OCDGF (Ocado Group) Effective Interest Rate on Debt % : 5.23% (As of May. 2024)

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What is Ocado Group 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. Ocado Group's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $129 Mil. Ocado Group's average total debt for the quarter that ended in May. 2024 was $2,463 Mil. Therefore, Ocado Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 5.23%.

Ocado Group Effective Interest Rate on Debt % Historical Data

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

Ocado Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Effective Interest Rate on Debt %

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3.93

6.38

5.59

4.47

4.50

Ocado Group Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.55	4.82	5.08	5.13	5.23

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

For the Grocery Stores subindustry, Ocado Group'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.

Ocado Group's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ocado Group Effective Interest Rate on Debt % Calculation

Ocado Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2021 )	+	Total Debt (A: Nov. 2022 ))	/ count )
=	-1 * -105.51	/	( (2460.835	+	2233.412)	/ 2 )
=	-1 * -105.51	/	2347.1235
=	4.50 %

where

	Total Debt (A: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2392.194	+	68.641
=	2460.835

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2152.755	+	80.657
=	2233.412

Ocado Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: May. 2024 ))	/ count )
=	-1 * -128.95	/	( (2437.687	+	2488.874)	/ 2 )
=	-1 * -128.95	/	2463.2805
=	5.23 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2368.657	+	69.03
=	2437.687

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2413.021	+	75.853
=	2488.874

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 (May. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ocado Group (OTCPK:OCDGF) Effective Interest Rate on Debt % Explanation

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

Ocado Group Effective Interest Rate on Debt % Related Terms

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Ocado Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ocado Group PLC (OTCPK:OCDGF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

OCDDY:USA OCDOl:UK OCDO:UK 0OC:Germany

Address

Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL

Website

https://www.ocadogroup.com

Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom, a joint venture with Marks & Spencer; it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the UK online grocery market and approximately 2% of the total UK grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that involves the provision of software, fulfillment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.