ZAPP (Zapp Electric Vehicles Group) Effective Interest Rate on Debt % : 7.28% (As of Mar. 2024)

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What is Zapp Electric Vehicles Group 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. Zapp Electric Vehicles Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.39 Mil. Zapp Electric Vehicles Group's average total debt for the quarter that ended in Mar. 2024 was $5.33 Mil. Therefore, Zapp Electric Vehicles Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.28%.

Zapp Electric Vehicles Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Zapp Electric Vehicles Group'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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Zapp Electric Vehicles Group Effective Interest Rate on Debt % Chart

Zapp Electric Vehicles Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

60.15

62.95

20.35

Zapp Electric Vehicles Group Semi-Annual Data
	Sep21	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	-	-	181.58	8.41	7.28

Competitive Comparison of Zapp Electric Vehicles Group's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Zapp Electric Vehicles Group'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.

Zapp Electric Vehicles Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zapp Electric Vehicles Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zapp Electric Vehicles Group's Effective Interest Rate on Debt % falls into.

Zapp Electric Vehicles Group Effective Interest Rate on Debt % Calculation

Zapp Electric Vehicles Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.561	/	( (0.38	+	5.134)	/ 2 )
=	-1 * -0.561	/	2.757
=	20.35 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.306	+	0.074
=	0.38

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.32	+	3.814
=	5.134

Zapp Electric Vehicles Group'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 * -0.388	/	( (5.134	+	5.527)	/ 2 )
=	-1 * -0.388	/	5.3305
=	7.28 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.32	+	3.814
=	5.134

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.569	+	3.958
=	5.527

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.

Zapp Electric Vehicles Group (NAS:ZAPP) Effective Interest Rate on Debt % Explanation

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

Zapp Electric Vehicles Group Effective Interest Rate on Debt % Related Terms

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Zapp Electric Vehicles Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zapp Electric Vehicles Group Ltd (NAS:ZAPP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

87/1 Wireless Road, 26/F Capital Tower, All Seasons Place, Lumpini, Patumwan, Bangkok, THA, 10330

Website

https://www.zappev.com

Zapp Electric Vehicles Group Ltd designs manufactures, and sells high-performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.