Conduit Capital (JSE:CND) Effective Interest Rate on Debt % : 15.07% (As of Dec. 2021)

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What is Conduit Capital 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. Conduit Capital's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was R10.0 Mil. Conduit Capital's average total debt for the quarter that ended in Dec. 2021 was R66.6 Mil. Therefore, Conduit Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 15.07%.

Conduit Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Conduit Capital'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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Conduit Capital Effective Interest Rate on Debt % Chart

Conduit Capital Annual Data

Trend

Aug12

Aug13

Aug14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

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178.59

10.10

12.66

11.75

Conduit Capital Semi-Annual Data
	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.34	13.63	9.85	13.68	15.07

Competitive Comparison of Conduit Capital's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Conduit Capital'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.

Conduit Capital's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Conduit Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Conduit Capital Effective Interest Rate on Debt % Calculation

Conduit Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -8.117	/	( (69.177	+	68.963)	/ 2 )
=	-1 * -8.117	/	69.07
=	11.75 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	52.767	+	16.41
=	69.177

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.073	+	19.89
=	68.963

Conduit Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * -10.046	/	( (68.963	+	64.322)	/ 2 )
=	-1 * -10.046	/	66.6425
=	15.07 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.073	+	19.89
=	68.963

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.603	+	18.719
=	64.322

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Conduit Capital (JSE:CND) Effective Interest Rate on Debt % Explanation

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

Conduit Capital Effective Interest Rate on Debt % Related Terms

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Conduit Capital (JSE:CND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Capital Ltd (JSE:CND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Bruton Road, Building B, Nicol Main Office Park, Bryanston, Sandton, ZAF, 2191

Website

http://www.conduitcapital.co.za

Conduit Capital Ltd is a South Africa-based investment holding company. The company, through its subsidiaries and associates, carries on business in the financial services industry with a focus on insurance. It serves in two segments: Insurance and Risk, and Investment . The Insurance and Risk division includes the company's insurance interests. The company writes both short-term and long-term insurance business. The long-term business consists mainly of funeral cover, comprising both individual business and group schemes. Several lines of short-term business are written, providing cover to individuals and ensuring business risks. The main short-term lines of business include Guarantee, Liability, and Motor.