Sanlam (NAM:SLA) Effective Interest Rate on Debt % : 17.51% (As of Dec. 2023)

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What is Sanlam 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. Sanlam's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R1,722 Mil. Sanlam's average total debt for the quarter that ended in Dec. 2023 was R9,837 Mil. Therefore, Sanlam's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.51%.

Sanlam Effective Interest Rate on Debt % Historical Data

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

Sanlam Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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27.11

13.32

9.22

11.13

17.97

Sanlam 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															8.33	7.83	15.17	15.67	17.51

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

For the Insurance - Life subindustry, Sanlam'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.

Sanlam's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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

Sanlam Effective Interest Rate on Debt % Calculation

Sanlam'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 * -1518	/	( (6995	+	9901)	/ 2 )
=	-1 * -1518	/	8448
=	17.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6654	+	341
=	6995

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8881	+	1020
=	9901

Sanlam'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 * -1722	/	( (9773	+	9901)	/ 2 )
=	-1 * -1722	/	9837
=	17.51 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9773	+	0
=	9773

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8881	+	1020
=	9901

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.

Sanlam (NAM:SLA) Effective Interest Rate on Debt % Explanation

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

Sanlam Effective Interest Rate on Debt % Related Terms

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Sanlam (NAM:SLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sanlam Ltd (NAM:SLA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SLM:South Africa SLMAF:USA SLLDY:USA LA6A:Germany

Address

2 Strand Road, Bellville, ZAF, 7530

Website

https://www.sanlam.com

Sanlam sells multiple insurance products and provides a variety of investment and wealth management services. Its products and services are organized into five categories: life insurance, general insurance, investment management, credit and structuring, and administration, health, and other. Life and general insurance products include life, disability, medical, vehicle, home, building, and all risk. Investment management services include retail savings, asset management, and wealth management. Credit and structuring services include debt investments in business. The administration, health, and other services include estate planning, trusts, wills, unsecured lending, and health management. The majority of revenue comes from Africa.

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