Doric Nimrod Air Two (LSE:DNA2) Effective Interest Rate on Debt % : 4.82% (As of Sep. 2023)

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What is Doric Nimrod Air Two 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. Doric Nimrod Air Two's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £0.4 Mil. Doric Nimrod Air Two's average total debt for the quarter that ended in Sep. 2023 was £7.6 Mil. Therefore, Doric Nimrod Air Two's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.82%.

Doric Nimrod Air Two Effective Interest Rate on Debt % Historical Data

The historical data trend for Doric Nimrod Air Two'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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Doric Nimrod Air Two Effective Interest Rate on Debt % Chart

Doric Nimrod Air Two Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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5.43

5.18

5.05

5.00

5.02

Doric Nimrod Air Two Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														5.15	4.86	5.07	3.73	4.82

Competitive Comparison of Doric Nimrod Air Two's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Doric Nimrod Air Two'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.

Doric Nimrod Air Two's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Doric Nimrod Air Two's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Doric Nimrod Air Two's Effective Interest Rate on Debt % falls into.

Doric Nimrod Air Two Effective Interest Rate on Debt % Calculation

Doric Nimrod Air Two's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -2.045	/	( (71.762	+	9.793)	/ 2 )
=	-1 * -2.045	/	40.7775
=	5.02 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.762	+	0
=	71.762

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.793	+	0
=	9.793

Doric Nimrod Air Two's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.366	/	( (9.793	+	5.403)	/ 2 )
=	-1 * -0.366	/	7.598
=	4.82 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.793	+	0
=	9.793

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.403	+	0
=	5.403

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

Doric Nimrod Air Two (LSE:DNA2) Effective Interest Rate on Debt % Explanation

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

Doric Nimrod Air Two Effective Interest Rate on Debt % Related Terms

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Doric Nimrod Air Two (LSE:DNA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Two Ltd (LSE:DNA2) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 2HT

Website

http://www.dnairtwo.com

Doric Nimrod Air Two Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The company has seven Airbus A380-861 aircraft all of which are on long-term leases with Emirates Airlines. The Group is engaged in a single segment of business, acquiring, leasing and then selling of Aircraft.

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