Schrole Group (ASX:SCL) Effective Interest Rate on Debt % : -8.65% (As of Dec. 2023)

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What is Schrole 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. Schrole Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$-0.02 Mil. Schrole Group's average total debt for the quarter that ended in Dec. 2023 was A$0.21 Mil. Therefore, Schrole Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -8.65%.

Schrole Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Schrole 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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Schrole Group Effective Interest Rate on Debt % Chart

Schrole Group Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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30.06

16.41

13.17

10.95

17.03

Schrole Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	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														54.80	-22.08	35.33	33.84	-8.65

Competitive Comparison of Schrole Group's Effective Interest Rate on Debt %

For the Software - Application subindustry, Schrole 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.

Schrole Group's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Schrole Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Schrole Group Effective Interest Rate on Debt % Calculation

Schrole Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.047	/	( (0.399	+	0.153)	/ 2 )
=	-1 * -0.047	/	0.276
=	17.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.157	+	0.242
=	0.399

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.153
=	0.153

Schrole Group'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 * 0.018	/	( (0.263	+	0.153)	/ 2 )
=	-1 * 0.018	/	0.208
=	-8.65 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.067	+	0.196
=	0.263

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.153
=	0.153

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.

Schrole Group (ASX:SCL) Effective Interest Rate on Debt % Explanation

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

Schrole Group Effective Interest Rate on Debt % Related Terms

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Schrole Group (ASX:SCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Schrole Group Ltd (ASX:SCL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

142 Hasler Road, Ground Floor, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.schrole.edu.au

Schrole Group Ltd provides software-based recruitment platforms and training service solutions primarily to the education sector. The company generates a majority of revenue from the software solutions segment. It has a business presence in Australia and other countries, of which a majority of revenue is derived from Australia.