The London Tunnels (XAMS:TLT) Effective Interest Rate on Debt % : 24.68% (As of Sep. 2024)

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What is The London Tunnels 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. The London Tunnels's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was £2.70 Mil. The London Tunnels's average total debt for the quarter that ended in Sep. 2024 was £10.95 Mil. Therefore, The London Tunnels's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 24.68%.

The London Tunnels Effective Interest Rate on Debt % Historical Data

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

The London Tunnels Annual Data

Trend

Effective Interest Rate on Debt %

The London Tunnels Semi-Annual Data
	Dec21	Sep23	Sep24
Effective Interest Rate on Debt %	-	8.04	24.68

Competitive Comparison of The London Tunnels's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, The London Tunnels'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.

The London Tunnels's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, The London Tunnels's Effective Interest Rate on Debt % distribution charts can be found below:

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

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The London Tunnels Effective Interest Rate on Debt % Calculation

The London Tunnels's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

The London Tunnels'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: Sep. 2023 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -2.704	/	( (18.626	+	3.283)	/ 2 )
=	-1 * -2.704	/	10.9545
=	24.68 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.626	+	9
=	18.626

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.283	+	0
=	3.283

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

The London Tunnels (XAMS:TLT) Effective Interest Rate on Debt % Explanation

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

The London Tunnels Effective Interest Rate on Debt % Related Terms

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The London Tunnels Business Description

Industry

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Address

2nd Floor Nicola Jane House, Southern Gate, Chichester, West Sussex, Chichester, GBR, PO19 8SE

Website

https://thelondontunnels.com

The London Tunnels PLC is engaged in operation of historical sites and buildings and similar visitor attractions. The business of the Company comprises of one operating segment being the proposed development of the Tunnels.