Morses Club (Morses Club) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2022)

View and export this data going back to 2022. Start your Free Trial

What is Morses Club 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. Morses Club's annualized positive value of Interest Expense for the quarter that ended in Aug. 2022 was $0.0 Mil. Morses Club's average total debt for the quarter that ended in Aug. 2022 was $23.3 Mil. Therefore, Morses Club's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2022 was 0.00%.

Morses Club Effective Interest Rate on Debt % Historical Data

The historical data trend for Morses Club'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.

Morses Club Effective Interest Rate on Debt % Chart

Morses Club Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

11.89

11.35

12.81

10.64

12.64

Morses Club Semi-Annual Data
	Feb14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												10.42	16.01	11.50	11.39	-

Competitive Comparison of Morses Club's Effective Interest Rate on Debt %

For the Credit Services subindustry, Morses Club'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.

Morses Club's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Morses Club's Effective Interest Rate on Debt % distribution charts can be found below:

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

Morses Club Effective Interest Rate on Debt % Calculation

Morses Club's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2021 )	+	Total Debt (A: Feb. 2022 ))	/ count )
=	-1 * -2.686	/	( (13.989	+	28.507)	/ 2 )
=	-1 * -2.686	/	21.248
=	12.64 %

where

	Total Debt (A: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.989	+	0
=	13.989

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.507	+	0
=	28.507

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2022 )	+	Total Debt (Q: Aug. 2022 ))	/ count )
=	-1 * 0	/	( (28.507	+	18.107)	/ 2 )
=	-1 * 0	/	23.307
=	0.00 %

where

	Total Debt (Q: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.507	+	0
=	28.507

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.107	+	0
=	18.107

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

Morses Club (OTCPK:MCLBF) Effective Interest Rate on Debt % Explanation

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

Morses Club Effective Interest Rate on Debt % Related Terms

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

Morses Club (Morses Club) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Morses Club PLC (OTCPK:MCLBF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Colliers Way, Building 1, The Phoenix Centre, Nottingham, GBR, NG8 6AT

Website

https://www.morsesclubplc.com

Morses Club PLC is a consumer finance company. It provides a range of loan products through a combination of traditional and online marketing channels. The group's segments comprise Home Collected Credit and Digital. The company offers small cash loans between and operates through a network of branches throughout the UK.

Morses Club (Morses Club) Headlines

No Headlines