Smartgroup (Smartgroup) Effective Interest Rate on Debt % : 6.50% (As of Dec. 2023)

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What is Smartgroup 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. Smartgroup's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3.0 Mil. Smartgroup's average total debt for the quarter that ended in Dec. 2023 was $45.9 Mil. Therefore, Smartgroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.50%.

Smartgroup Effective Interest Rate on Debt % Historical Data

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

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.15

4.72

2.38

2.55

5.09

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														-0.77	2.90	1.54	3.90	6.50

Competitive Comparison of Smartgroup's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Smartgroup'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.

Smartgroup's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Smartgroup's Effective Interest Rate on Debt % distribution charts can be found below:

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

Smartgroup Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -2.336	/	( (43.444	+	48.391)	/ 2 )
=	-1 * -2.336	/	45.9175
=	5.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.416	+	4.028
=	43.444

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.461	+	3.93
=	48.391

Smartgroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.984	/	( (43.417	+	48.391)	/ 2 )
=	-1 * -2.984	/	45.904
=	6.50 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.417	+	0
=	43.417

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.461	+	3.93
=	48.391

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

Smartgroup (OTCPK:STGXF) Effective Interest Rate on Debt % Explanation

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

Smartgroup Effective Interest Rate on Debt % Related Terms

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Smartgroup (Smartgroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (OTCPK:STGXF) » Definitions » Effective Interest Rate on Debt %

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SIQ:Australia

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

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