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Morgan Advanced Materials (CHIX:MGAML) Effective Interest Rate on Debt % : 5.16% (As of Dec. 2023)


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What is Morgan Advanced Materials 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. Morgan Advanced Materials's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £19 Mil. Morgan Advanced Materials's average total debt for the quarter that ended in Dec. 2023 was £376 Mil. Therefore, Morgan Advanced Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.16%.


Morgan Advanced Materials Effective Interest Rate on Debt % Historical Data

The historical data trend for Morgan Advanced Materials'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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Morgan Advanced Materials Effective Interest Rate on Debt % Chart

Morgan Advanced Materials Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.59 3.90 3.80 3.99 5.34

Morgan Advanced Materials Semi-Annual Data
Jun14 Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.65 4.14 4.16 4.66 5.16

Competitive Comparison of Morgan Advanced Materials's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.


Morgan Advanced Materials's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Morgan Advanced Materials's Effective Interest Rate on Debt % falls into.



Morgan Advanced Materials Effective Interest Rate on Debt % Calculation

Morgan Advanced Materials'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  *  -18/( (317.7+356.4)/ 2 )
=-1  *  -18/337.05
=5.34 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=271.1 + 46.6
=317.7

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=345.3 + 11.1
=356.4

Morgan Advanced Materials'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  *  -19.4/( (395.2+356.4)/ 2 )
=-1  *  -19.4/375.8
=5.16 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=343.9 + 51.3
=395.2

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=345.3 + 11.1
=356.4

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


Morgan Advanced Materials  (CHIX:MGAMl) Effective Interest Rate on Debt % Explanation

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


Morgan Advanced Materials Effective Interest Rate on Debt % Related Terms

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Morgan Advanced Materials (CHIX:MGAML) Business Description

Traded in Other Exchanges
Address
Sheet Street, York House, Windsor, GBR, SL4 1DD
Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.

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