Synectics (LSE:SNX) Effective Interest Rate on Debt % : 4.87% (As of Nov. 2023)

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What is Synectics 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. Synectics's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £0.11 Mil. Synectics's average total debt for the quarter that ended in Nov. 2023 was £2.26 Mil. Therefore, Synectics's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 4.87%.

Synectics Effective Interest Rate on Debt % Historical Data

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

Synectics Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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9.43

3.70

4.70

4.25

Synectics Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.39	2.42	7.66	3.40	4.87

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

For the Security & Protection Services subindustry, Synectics'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.

Synectics's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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

Synectics Effective Interest Rate on Debt % Calculation

Synectics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.101	/	( (2.82	+	1.938)	/ 2 )
=	-1 * -0.101	/	2.379
=	4.25 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.137	+	0.683
=	2.82

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.365	+	0.573
=	1.938

Synectics's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.11	/	( (2.584	+	1.938)	/ 2 )
=	-1 * -0.11	/	2.261
=	4.87 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.901	+	0.683
=	2.584

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.365	+	0.573
=	1.938

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

Synectics (LSE:SNX) Effective Interest Rate on Debt % Explanation

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

Synectics Effective Interest Rate on Debt % Related Terms

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Synectics (LSE:SNX) Business Description

Industry

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Address

3-4 Broadfield Close, Synectics House, Sheffield, South Yorkshire, GBR, S8 0XN

Website

https://www.synecticsplc.com

Synectics PLC is a UK-based company, which operates in d security and surveillance systems. It business of the group is operated through Systems and Security segments. Its systems segment develops, integrates, and delivers resilient, flexible electronic surveillance solutions based on its proprietary hardware and software, and operates globally across all sectors. The Security segment focuses on the design, delivery, maintenance, and management of end-to-end security and surveillance systems for high-security & public space applications, and operates principally in the United Kingdom. Its operations are spread across UK and Europe, North America, the Middle East & Africa, and Asia Pacific.