Zimre Holdings (XZIM:ZIMR.ZW) Effective Interest Rate on Debt % : 52.12% (As of Dec. 2023)

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What is Zimre Holdings 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. Zimre Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ZWL3,633 Mil. Zimre Holdings's average total debt for the quarter that ended in Dec. 2023 was ZWL6,970 Mil. Therefore, Zimre Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 52.12%.

Zimre Holdings Effective Interest Rate on Debt % Historical Data

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

Zimre Holdings Annual Data

Trend

Dec08

Dec09

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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39.85

13.85

53.05

205.74

38.36

Zimre Holdings Semi-Annual Data
	Dec09	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								55.54	5.20	488.63	5.01	52.12

Competitive Comparison of Zimre Holdings's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, Zimre Holdings'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.

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

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

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

Zimre Holdings Effective Interest Rate on Debt % Calculation

Zimre Holdings'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 * -1882.493	/	( (580.115	+	9235.935)	/ 2 )
=	-1 * -1882.493	/	4908.025
=	38.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	235.447	+	344.668
=	580.115

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4366.958	+	4868.977
=	9235.935

Zimre Holdings'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 * -3632.524	/	( (4703.768	+	9235.935)	/ 2 )
=	-1 * -3632.524	/	6969.8515
=	52.12 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1722.253	+	2981.515
=	4703.768

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4366.958	+	4868.977
=	9235.935

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.

Zimre Holdings (XZIM:ZIMR.ZW) Effective Interest Rate on Debt % Explanation

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

Zimre Holdings Effective Interest Rate on Debt % Related Terms

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Zimre Holdings (XZIM:ZIMR.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zimre Holdings Ltd (XZIM:ZIMR.ZW) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Smatsatsa Office Park, 2nd Floor, D Block, P.O. Box 4839, Borrowdale, Stand Number 10667, Harare, ZWE

Website

https://www.zhl.co.zw

Zimre Holdings Ltd is a Zimbabwe-based investment holding company. The firm operates its business activities in five segments. The Reinsurance segment offers short-term reinsurance products and services to general insurance companies locally, regionally and internationally. The Life reassurance segment offers its services to life assurance companies and medical aid societies locally and regionally. The Property segment is engaged in leasing, developing, managing, selling and buying properties. General insurance offers short-term insurance products and services directly to policyholders locally. Life and Pension segment. The Reinsurance segment contributes to the majority of the company's revenue. Zimre has operations in Botswana, Malawi, Mozambique, South Africa, Zambia and Zimbabwe.

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