Econet Wireless Zimbabwe (XZIM:ECO.ZW) Effective Interest Rate on Debt % : 64.80% (As of Feb. 2024)

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What is Econet Wireless Zimbabwe 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. Econet Wireless Zimbabwe's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was ZWL374,064 Mil. Econet Wireless Zimbabwe's average total debt for the quarter that ended in Feb. 2024 was ZWL577,295 Mil. Therefore, Econet Wireless Zimbabwe's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 64.80%.

Econet Wireless Zimbabwe Effective Interest Rate on Debt % Historical Data

The historical data trend for Econet Wireless Zimbabwe'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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Econet Wireless Zimbabwe Effective Interest Rate on Debt % Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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25.26

8.46

13.50

221.01

56.61

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											16.28	26.89	395.61	14.54	64.80

Competitive Comparison of Econet Wireless Zimbabwe's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Effective Interest Rate on Debt % distribution charts can be found below:

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

Econet Wireless Zimbabwe Effective Interest Rate on Debt % Calculation

Econet Wireless Zimbabwe's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -209091	/	( (95461.54	+	643211)	/ 2 )
=	-1 * -209091	/	369336.27
=	56.61 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25640.43	+	69821.11
=	95461.54

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	404995	+	238216
=	643211

Econet Wireless Zimbabwe's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -374064	/	( (511379	+	643211)	/ 2 )
=	-1 * -374064	/	577295
=	64.80 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132120	+	379259
=	511379

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	404995	+	238216
=	643211

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

Econet Wireless Zimbabwe (XZIM:ECO.ZW) Effective Interest Rate on Debt % Explanation

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

Econet Wireless Zimbabwe Effective Interest Rate on Debt % Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Effective Interest Rate on Debt %

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Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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