TP ICAP GROUP (LSE:TCAP) Effective Interest Rate on Debt % : 6.79% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is TP ICAP 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. TP ICAP GROUP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £74 Mil. TP ICAP GROUP's average total debt for the quarter that ended in Dec. 2023 was £1,090 Mil. Therefore, TP ICAP GROUP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.79%.

TP ICAP GROUP Effective Interest Rate on Debt % Historical Data

The historical data trend for TP ICAP 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.

* Premium members only.

TP ICAP GROUP Effective Interest Rate on Debt % Chart

TP ICAP GROUP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

6.80

5.66

5.57

5.05

5.83

TP ICAP 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															5.23	3.87	5.73	4.80	6.79

Competitive Comparison of TP ICAP GROUP's Effective Interest Rate on Debt %

For the Capital Markets subindustry, TP ICAP 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.

TP ICAP GROUP's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

TP ICAP GROUP Effective Interest Rate on Debt % Calculation

TP ICAP 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 * -63	/	( (1073	+	1088)	/ 2 )
=	-1 * -63	/	1080.5
=	5.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1035	+	38
=	1073

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	967	+	121
=	1088

TP ICAP 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 * -74	/	( (1092	+	1088)	/ 2 )
=	-1 * -74	/	1090
=	6.79 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	968	+	124
=	1092

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	967	+	121
=	1088

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.

TP ICAP GROUP (LSE:TCAP) Effective Interest Rate on Debt % Explanation

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

TP ICAP GROUP Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of TP ICAP GROUP's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

TP ICAP GROUP (LSE:TCAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TP ICAP GROUP PLC (LSE:TCAP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TCAPl:UK 8D7:Germany

Address

135 Bishopsgate, London, GBR, EC2M 3TP

Website

http://www.tpicap.com

TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy and commodities products. Its role includes to create liquidity and price discovery in markets and provide insight and context to the clients. The company provides proprietary over the counter ('OTC') pricing information in the world with the data on financial, energy and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers and charities.

TP ICAP GROUP (LSE:TCAP) Headlines

No Headlines