Experience Co (ASX:EXP) Effective Interest Rate on Debt % : 4.87% (As of Dec. 2023)

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What is Experience Co 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. Experience Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1.7 Mil. Experience Co's average total debt for the quarter that ended in Dec. 2023 was A$34.0 Mil. Therefore, Experience Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.87%.

Experience Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Experience Co'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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Experience Co Effective Interest Rate on Debt % Chart

Experience Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.10

2.40

1.24

0.84

1.24

Experience Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													3.84	-2.00	3.58	-1.18	4.87

Competitive Comparison of Experience Co's Effective Interest Rate on Debt %

For the Leisure subindustry, Experience Co'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.

Experience Co's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Experience Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Experience Co Effective Interest Rate on Debt % Calculation

Experience Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.408	/	( (33.647	+	32.335)	/ 2 )
=	-1 * -0.408	/	32.991
=	1.24 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.482	+	8.165
=	33.647

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.989	+	4.346
=	32.335

Experience Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.654	/	( (32.335	+	35.606)	/ 2 )
=	-1 * -1.654	/	33.9705
=	4.87 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.989	+	4.346
=	32.335

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.932	+	4.674
=	35.606

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Experience Co (ASX:EXP) Effective Interest Rate on Debt % Explanation

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

Experience Co Effective Interest Rate on Debt % Related Terms

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Experience Co (ASX:EXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Experience Co Ltd (ASX:EXP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.experienceco.com

Experience Co Ltd operates as an adventure tourism company that engages in the provision of adventure tourism and leisure experiences to the public. The firm offers sky-diving, island day trips, reef tours, rainforest tours, and multi-day experiences in Australia and New Zealand. The company has two reportable segment, namely Skydiving, which comprises tandem skydive and related products, with ancillary aircraft maintenance activities; Adventure Experiences, which Includes Reef Unlimited with reef-based dive and snorkel experiences and rainforest tours operating out of Cairns and Port Douglas. The company generates the majority of its revenue from the Adventure Experiences segment. Geographically the company generates the majority from Australia.