OMG (OMGL Holdings) Effective Interest Rate on Debt %: 8.57% (As of Sep. 2024)

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What is OMGL Holdings Effective Interest Rate on Debt %?

OMGL Holdings OMG Effective Interest Rate on Debt % is 8.57% as of Sep. 2024.

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. OMGL Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $2.40 Mil. OMGL Holdings's average total debt for the quarter that ended in Sep. 2024 was $27.97 Mil. Therefore, OMGL Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.57%.

OMGL Holdings  (NAS:OMG) Effective Interest Rate on Debt % Explanation

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

OMGL Holdings Effective Interest Rate on Debt % Related Terms

OMGL Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for OMGL Holdings'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.

OMGL Holdings Effective Interest Rate on Debt % Chart

OMGL Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
12.40 2.12 0.00 7.56

OMGL Holdings Quarterly Data
Jun21 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 7.20 7.27 7.92 8.48 8.57

OMG vs : Effective Interest Rate on Debt % Comparison

For the Capital Markets subindustry, OMGL Holdings'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.

OMGL Holdings Effective Interest Rate on Debt % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, OMGL Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


OMGL Holdings Effective Interest Rate on Debt % Calculation

OMGL Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -1.901/( (23.549+26.716)/ 2 )
=-1  *  -1.901/25.1325
=7.56 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.266 + 8.283
=23.549

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.509 + 4.207
=26.716

OMGL Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -2.396/( (26.716+29.224)/ 2 )
=-1  *  -2.396/27.97
=8.57 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.509 + 4.207
=26.716

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.214 + 4.01
=29.224

* 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 four times the quarterly (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 8.57% mean?
OMGL Holdings (OMG) has a Effective Interest Rate on Debt % of 8.57% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on OMGL Holdings and its competitors.
Is OMGL Holdings' Effective Interest Rate on Debt % too high?
OMGL Holdings' current Effective Interest Rate on Debt % is 8.57%.
How does OMGL Holdings' Effective Interest Rate on Debt % compare to ?
OMGL Holdings' Effective Interest Rate on Debt % of 8.57% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Capital Markets company?
A good Effective Interest Rate on Debt % depends on the Capital Markets industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on OMGL Holdings and its competitors. OMGL Holdings's current Effective Interest Rate on Debt % is 8.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OMGL Holdings stock overvalued right now?
OMGL Holdings (OMG) has a current Effective Interest Rate on Debt % of 8.57%. The current Effective Interest Rate on Debt % is 8.57%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For OMGL Holdings (OMG), the current Effective Interest Rate on Debt % is 8.57% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

OMGL Holdings Business Description

Comparable Companies
Address Level 28, 1 Market Street, Sydney, NSW, AUS, 2000
OMGL Holdings Ltd is an Australian financial services technology group powering its various client group including fintech's, dealer groups and private wealth advisers, traders and stockbrokers. Its suite of trading and market infrastructure are the foundations for a technology-focused broker dealer that connects investors with advice professionals and fintech's.