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African Equity Empowerment Investments (JSE:AEE) Effective Interest Rate on Debt % : 8.93% (As of Aug. 2023)


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What is African Equity Empowerment Investments 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. African Equity Empowerment Investments's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was R8.7 Mil. African Equity Empowerment Investments's average total debt for the quarter that ended in Aug. 2023 was R97.7 Mil. Therefore, African Equity Empowerment Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 8.93%.


African Equity Empowerment Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for African Equity Empowerment Investments'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.

* Premium members only.

African Equity Empowerment Investments Effective Interest Rate on Debt % Chart

African Equity Empowerment Investments Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.11 18.20 13.04 3.44 3.35

African Equity Empowerment Investments Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 17.29 6.55 0.90 2.48 8.93

Competitive Comparison of African Equity Empowerment Investments's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, African Equity Empowerment Investments'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.


African Equity Empowerment Investments's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, African Equity Empowerment Investments's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where African Equity Empowerment Investments's Effective Interest Rate on Debt % falls into.



African Equity Empowerment Investments Effective Interest Rate on Debt % Calculation

African Equity Empowerment Investments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -5.815/( (193.364+154.16)/ 2 )
=-1  *  -5.815/173.762
=3.35 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=139.267 + 54.097
=193.364

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.784 + 116.376
=154.16

African Equity Empowerment Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  -8.718/( (41.187+154.16)/ 2 )
=-1  *  -8.718/97.6735
=8.93 %

where

Total Debt  (Q: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.047 + 12.14
=41.187

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.784 + 116.376
=154.16

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


African Equity Empowerment Investments  (JSE:AEE) Effective Interest Rate on Debt % Explanation

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


African Equity Empowerment Investments Effective Interest Rate on Debt % Related Terms

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African Equity Empowerment Investments (JSE:AEE) Business Description

Traded in Other Exchanges
N/A
Address
3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001
African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.

African Equity Empowerment Investments (JSE:AEE) Headlines

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