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Star Africa (XZIM:SACL.ZW) Effective Interest Rate on Debt % : 98.53% (As of Mar. 2024)


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What is Star Africa 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. Star Africa's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ZWG2,265 Mil. Star Africa's average total debt for the quarter that ended in Mar. 2024 was ZWG2,298 Mil. Therefore, Star Africa's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 98.53%.

Star Africa Effective Interest Rate on Debt % Historical Data

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

Star Africa Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 13.86 21.26 186.32 10.90 37.23

Star Africa Semi-Annual Data
Mar19 Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 10.90 3.98 98.53

Competitive Comparison of Star Africa's Effective Interest Rate on Debt %

For the Confectioners subindustry, Star Africa'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.

Star Africa's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Star Africa's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Star Africa Effective Interest Rate on Debt % Calculation

Star Africa's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -1162.691/( (2348.975+3896.973)/ 2 )
=-1  *  -1162.691/3122.974
=37.23 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2348.975
=2348.975

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 3896.973
=3896.973

Star Africa'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: Sep. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2264.668/( (699.894+3896.973)/ 2 )
=-1  *  -2264.668/2298.4335
=98.53 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 699.894
=699.894

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 3896.973
=3896.973

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

Star Africa  (XZIM:SACL.ZW) Effective Interest Rate on Debt % Explanation

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

Star Africa Effective Interest Rate on Debt % Related Terms

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Star Africa Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Star Africa Corp Ltd (XZIM:SACL.ZW) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XZIM:TANGANDA XZIM:ARIS.ZW XZIM:DZL.ZW MDLZ XSWX:LISN HSY XSWX:BARN XKRX:271560 TSE:2222 CAS:CSR TR TSE:2201 XKRX:004990 BOM:500038 SZSE:000833 BOM:532356 IST:ULKER OSTO:CLA B XKLS:5102 ISX:YUPI
Traded in Other Exchanges
N/A
Address
49 Douglas Road, P. O. Box 396, Southerton, Workington, Harare, ZWE
Website
https://www.starafricacorporation.com
Star Africa Corp Ltd is a Zimbabwe-based sugar manufacturer. The company operates its business activities in two reportable operating segments including the Food segment and the Property segment. The Food segment is a manufacturer of sugar products such as purified sugar for household and industrial consumption and sugar specialties comprising icing sugar, castor sugar, syrups, and caramel. The property segment manages offices, manufacturing, and residential premises. Star Africa derives the majority of its revenue from its Food segment.

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