Radius Residential Care (NZSE:RAD) Effective Interest Rate on Debt % : 7.32% (As of Mar. 2024)

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What is Radius Residential Care 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. Radius Residential Care's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NZ$15.3 Mil. Radius Residential Care's average total debt for the quarter that ended in Mar. 2024 was NZ$208.5 Mil. Therefore, Radius Residential Care's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.32%.

Radius Residential Care Effective Interest Rate on Debt % Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Effective Interest Rate on Debt % Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

0.41

4.73

6.32

7.46

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			5.36	5.47	6.49	7.24	7.32

Competitive Comparison of Radius Residential Care's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Radius Residential Care'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.

Radius Residential Care's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Radius Residential Care's Effective Interest Rate on Debt % distribution charts can be found below:

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

Radius Residential Care Effective Interest Rate on Debt % Calculation

Radius Residential Care's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -15.637	/	( (222.111	+	196.955)	/ 2 )
=	-1 * -15.637	/	209.533
=	7.46 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.53	+	100.581
=	222.111

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.086	+	75.869
=	196.955

Radius Residential Care's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -15.258	/	( (220.141	+	196.955)	/ 2 )
=	-1 * -15.258	/	208.548
=	7.32 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	183.195	+	36.946
=	220.141

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.086	+	75.869
=	196.955

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Radius Residential Care (NZSE:RAD) Effective Interest Rate on Debt % Explanation

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

Radius Residential Care Effective Interest Rate on Debt % Related Terms

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Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

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