Microequities Asset Management Group (ASX:MAM) Effective Interest Rate on Debt % : 1.93% (As of Jun. 2023)

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What is Microequities Asset Management 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. Microequities Asset Management Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was A$0.01 Mil. Microequities Asset Management Group's average total debt for the quarter that ended in Jun. 2023 was A$0.62 Mil. Therefore, Microequities Asset Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 1.93%.

Microequities Asset Management Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Microequities Asset Management 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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Microequities Asset Management Group Effective Interest Rate on Debt % Chart

Microequities Asset Management Group Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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6.72

6.28

6.34

2.94

Microequities Asset Management Group Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						5.35	0.45	2.80	2.25	1.93

Competitive Comparison of Microequities Asset Management Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Microequities Asset Management 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.

Microequities Asset Management Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Microequities Asset Management Group's Effective Interest Rate on Debt % falls into.

Microequities Asset Management Group Effective Interest Rate on Debt % Calculation

Microequities Asset Management Group'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 * -0.011	/	( (0.195	+	0.554)	/ 2 )
=	-1 * -0.011	/	0.3745
=	2.94 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.195
=	0.195

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.348	+	0.206
=	0.554

Microequities Asset Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.012	/	( (0.692	+	0.554)	/ 2 )
=	-1 * -0.012	/	0.623
=	1.93 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.474	+	0.218
=	0.692

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.348	+	0.206
=	0.554

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

Microequities Asset Management Group (ASX:MAM) Effective Interest Rate on Debt % Explanation

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

Microequities Asset Management Group Effective Interest Rate on Debt % Related Terms

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Microequities Asset Management Group (ASX:MAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Microequities Asset Management Group Ltd (ASX:MAM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1 Farrer Place, Suite 3105, Level 31, Governor Macquarie Tower, Sydney, NSW, AUS, 2000

Website

https://www.microequities.com.au

Microequities Asset Management Group Ltd is an asset management firm. It provides various funds such as Deep value fund, High-income value microcap fund, Global value microcap fund, and others. The company derives income from three sources: Management Fees, Performance Fees, and other revenue which are derived based on the performance of each Fund on an individual investor basis.

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