Legal & General Group (LSE:LGEN) Effective Interest Rate on Debt % : 5.96% (As of Dec. 2023)

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What is Legal & General 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. Legal & General Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £348 Mil. Legal & General Group's average total debt for the quarter that ended in Dec. 2023 was £5,835 Mil. Therefore, Legal & General Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.96%.

Legal & General Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Legal & General 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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Legal & General Group Effective Interest Rate on Debt % Chart

Legal & General Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.35

5.69

5.32

5.27

5.94

Legal & General Group 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															4.92	5.28	5.23	6.23	5.96

Competitive Comparison of Legal & General Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Legal & General 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.

Legal & General Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Legal & General Group's Effective Interest Rate on Debt % falls into.

Legal & General Group Effective Interest Rate on Debt % Calculation

Legal & General Group'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 * -347	/	( (5557	+	6120)	/ 2 )
=	-1 * -347	/	5838.5
=	5.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5385	+	172
=	5557

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5851	+	269
=	6120

Legal & General Group'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 * -348	/	( (5550	+	6120)	/ 2 )
=	-1 * -348	/	5835
=	5.96 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5500	+	50
=	5550

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5851	+	269
=	6120

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.

Legal & General Group (LSE:LGEN) Effective Interest Rate on Debt % Explanation

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

Legal & General Group Effective Interest Rate on Debt % Related Terms

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Legal & General Group (LSE:LGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (LSE:LGEN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LGGNY:USA LGGNF:USA LGENl:UK LGI:Germany LGI:Germany

Address

One Coleman Street, London, GBR, EC2R 5AA

Website

https://www.legalandgeneralgroup.com

Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.

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