Sagicor Group Jamaica (XJAM:SJ) Effective Interest Rate on Debt % : 191.08% (As of Mar. 2024)

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What is Sagicor Group Jamaica 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. Sagicor Group Jamaica's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was JMD25,744 Mil. Sagicor Group Jamaica's average total debt for the quarter that ended in Mar. 2024 was JMD13,473 Mil. Therefore, Sagicor Group Jamaica's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 191.08%.

Sagicor Group Jamaica Effective Interest Rate on Debt % Historical Data

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

Sagicor Group Jamaica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.08

82.76

117.42

99.93

Sagicor Group Jamaica Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	161.26	-	191.08

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

For the Insurance - Life subindustry, Sagicor Group Jamaica'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.

Sagicor Group Jamaica's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sagicor Group Jamaica's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sagicor Group Jamaica Effective Interest Rate on Debt % Calculation

Sagicor Group Jamaica'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 * -22866.589	/	( (23180.019	+	22583.164)	/ 2 )
=	-1 * -22866.589	/	22881.5915
=	99.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22574.213	+	605.806
=	23180.019

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21845.86	+	737.304
=	22583.164

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -25743.612	/	( (22583.164	+	4362.771)	/ 2 )
=	-1 * -25743.612	/	13472.9675
=	191.08 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21845.86	+	737.304
=	22583.164

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4362.771	+	0
=	4362.771

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

Sagicor Group Jamaica (XJAM:SJ) Effective Interest Rate on Debt % Explanation

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

Sagicor Group Jamaica Effective Interest Rate on Debt % Related Terms

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Sagicor Group Jamaica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagicor Group Jamaica Ltd (XJAM:SJ) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

28 - 48 Barbados Avenue, R. Danny Williams Building, Kingston, JAM, 5

Website

https://www.sagicor.com

Sagicor Group Jamaica Ltd is a financial services company. The company's business segment includes Sagicor Life, Sagicor Jamaica, Sagicor Life USA, and Sagicor Canada. It generates revenue largely from the Sagicor Jamaica segment. Individual Insurance provides individual clients with life and health insurance policies, individual annuities, investment products, living benefits, and other insurance-related solutions through various products. Geographically, it derives a majority of its revenue from Jamaica.