Impax Asset Management Group (LSE:IPX) Effective Interest Rate on Debt % : 5.13% (As of Mar. 2024)

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What is Impax Asset Management 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. Impax Asset Management Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £0.4 Mil. Impax Asset Management Group's average total debt for the quarter that ended in Mar. 2024 was £8.5 Mil. Therefore, Impax Asset Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.13%.

Impax Asset Management Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Impax Asset Management 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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Impax Asset Management Group Effective Interest Rate on Debt % Chart

Impax Asset Management Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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11.27

7.58

5.50

6.20

5.58

Impax Asset Management Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.74	7.94	4.88	6.85	5.13

Competitive Comparison of Impax Asset Management Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Impax Asset Management 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.

Impax Asset Management Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Impax Asset Management Group Effective Interest Rate on Debt % Calculation

Impax Asset Management Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.497	/	( (9.078	+	8.742)	/ 2 )
=	-1 * -0.497	/	8.91
=	5.58 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.59	+	1.488
=	9.078

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.218	+	1.524
=	8.742

Impax Asset Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.434	/	( (8.742	+	8.168)	/ 2 )
=	-1 * -0.434	/	8.455
=	5.13 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.218	+	1.524
=	8.742

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.211	+	1.957
=	8.168

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Impax Asset Management Group (LSE:IPX) Effective Interest Rate on Debt % Explanation

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

Impax Asset Management Group Effective Interest Rate on Debt % Related Terms

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Impax Asset Management Group (LSE:IPX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Asset Management Group PLC (LSE:IPX) » Definitions » Effective Interest Rate on Debt %

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IPXAF:USA LW4:Germany

Address

30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ

Website

https://www.impaxam.com

Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.