Pittards (LSE:PTD) Effective Interest Rate on Debt % : 5.15% (As of Jun. 2022)

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What is Pittards 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. Pittards's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was £0.57 Mil. Pittards's average total debt for the quarter that ended in Jun. 2022 was £11.00 Mil. Therefore, Pittards's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 5.15%.

Pittards Effective Interest Rate on Debt % Historical Data

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

Pittards Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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5.59

7.78

6.45

5.09

4.38

Pittards Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.96	4.56	4.68	4.20	5.15

Competitive Comparison of Pittards's Effective Interest Rate on Debt %

For the Footwear & Accessories subindustry, Pittards'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.

Pittards's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pittards's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pittards Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.459	/	( (10.203	+	10.738)	/ 2 )
=	-1 * -0.459	/	10.4705
=	4.38 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.294	+	6.909
=	10.203

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.955	+	7.783
=	10.738

Pittards's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -0.566	/	( (10.738	+	11.255)	/ 2 )
=	-1 * -0.566	/	10.9965
=	5.15 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.955	+	7.783
=	10.738

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.682	+	8.573
=	11.255

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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pittards (LSE:PTD) Effective Interest Rate on Debt % Explanation

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

Pittards Effective Interest Rate on Debt % Related Terms

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Pittards (LSE:PTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pittards PLC (LSE:PTD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Sherborne Road, Yeovil, Somerset, GBR, BA21 5BA

Website

https://www.pittards.com

Pittards PLC is a UK-based leather and leather products manufacturer. The company engages in the designing, producing, and procuring advanced leather for sale to manufacturers and distributors of shoes, gloves, luxury leather goods, interiors, and sports equipment. It also supplies to the leather retailer and leather garments manufacturers. The company operates in two segments UK Division and Ethiopia Division. It serves a variety of industries which include fashion, military and services, interiors, sports, and consumer electronics. The company derives most of its revenues from the UK Division of business.

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