Jarvis Securities (LSE:JIM) Effective Interest Rate on Debt % : 5.07% (As of Dec. 2023)

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What is Jarvis Securities 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. Jarvis Securities's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £0.02 Mil. Jarvis Securities's average total debt for the quarter that ended in Dec. 2023 was £0.32 Mil. Therefore, Jarvis Securities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.07%.

Jarvis Securities Effective Interest Rate on Debt % Historical Data

The historical data trend for Jarvis Securities'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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Jarvis Securities Effective Interest Rate on Debt % Chart

Jarvis Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.46

3.16

3.74

2.77

5.11

Jarvis Securities 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															2.33	4.60	5.13	5.14	5.07

Competitive Comparison of Jarvis Securities's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Jarvis Securities'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.

Jarvis Securities's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

Jarvis Securities Effective Interest Rate on Debt % Calculation

Jarvis Securities'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 * -0.017	/	( (0.368	+	0.298)	/ 2 )
=	-1 * -0.017	/	0.333
=	5.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.298	+	0.07
=	0.368

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.224	+	0.074
=	0.298

Jarvis Securities'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 * -0.016	/	( (0.333	+	0.298)	/ 2 )
=	-1 * -0.016	/	0.3155
=	5.07 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.261	+	0.072
=	0.333

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.224	+	0.074
=	0.298

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.

Jarvis Securities (LSE:JIM) Effective Interest Rate on Debt % Explanation

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

Jarvis Securities Effective Interest Rate on Debt % Related Terms

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Jarvis Securities (LSE:JIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jarvis Securities PLC (LSE:JIM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Mount Ephraim, Royal Tunbridge Wells, Kent, GBR, TN4 8BS

Website

http://www.jarvisinvest.co.uk

Jarvis Securities PLC operates in the financial services sector. Its core business is to provide retail execution-only stockbroking, ISA (Individual saving account), and SIPP (Self-invested personal pension) investment wrappers, savings schemes, financial administration, settlement, and custody services to stockbrokers, investment firms, and individuals. The company also provides outsourced financial administration services to various investment firms. Its operations are principally carried out in the United Kingdom.

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