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First Mutual Holdings (XZIM:FMHL.ZW) Effective Interest Rate on Debt % : 45.83% (As of Jun. 2024)


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What is First Mutual Holdings 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. First Mutual Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ZWG90.8 Mil. First Mutual Holdings's average total debt for the quarter that ended in Jun. 2024 was ZWG198.2 Mil. Therefore, First Mutual Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 45.83%.


First Mutual Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for First Mutual 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.

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First Mutual Holdings Effective Interest Rate on Debt % Chart

First Mutual Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 25.27 8.85 10.29 11.89 8.26

First Mutual Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun23 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.36 8.50 7.64 3,552.40 45.83

Competitive Comparison of First Mutual Holdings's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, First Mutual 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.


First Mutual Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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


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First Mutual Holdings Effective Interest Rate on Debt % Calculation

First Mutual Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -1.426/( (32.069+2.475)/ 2 )
=-1  *  -1.426/17.272
=8.26 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32.069 + 0
=32.069

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -90.826/( (0+198.2)/ 1 )
=-1  *  -90.826/198.2
=45.83 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=195.563 + 2.637
=198.2

* 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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Mutual Holdings  (XZIM:FMHL.ZW) Effective Interest Rate on Debt % Explanation

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


First Mutual Holdings Effective Interest Rate on Debt % Related Terms

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First Mutual Holdings Business Description

Traded in Other Exchanges
N/A
Address
100 Borrowdale Road, First Mutual Park, Second Floor, Borrowdale, Harare, ZWE
First Mutual Holdings Ltd is a Zimbabwe-based investment and financial service company. Its segments are life and health insurance, general insurance, reinsurance, property insurance, and others. Maximum revenue for the company is generated from its life and health insurance segment.

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