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Zenova Group (LSE:ZED) Effective Interest Rate on Debt % : 60.00% (As of May. 2024)


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What is Zenova Group 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. Zenova Group's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was £0.06 Mil. Zenova Group's average total debt for the quarter that ended in May. 2024 was £0.10 Mil. Therefore, Zenova Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 60.00%.

Zenova Group Effective Interest Rate on Debt % Historical Data

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

Zenova Group Annual Data
Trend Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
- - 5.59 12.81

Zenova Group Semi-Annual Data
May21 Nov21 May22 Nov22 May23 Nov23 May24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - - 29.75 60.00

Competitive Comparison of Zenova Group's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Zenova Group'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.

Zenova Group's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zenova Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Zenova Group Effective Interest Rate on Debt % Calculation

Zenova Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -0.018/( (0.16+0.121)/ 2 )
=-1  *  -0.018/0.1405
=12.81 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.16 + 0
=0.16

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.121 + 0
=0.121

Zenova Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: May. 2024 ))/ count )
=-1  *  -0.06/( (0.121+0.079)/ 2 )
=-1  *  -0.06/0.1
=60.00 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.121 + 0
=0.121

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.079 + 0
=0.079

* 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.

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

Zenova Group  (LSE:ZED) Effective Interest Rate on Debt % Explanation

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

Zenova Group Effective Interest Rate on Debt % Related Terms

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Zenova Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:BIOM LSE:HAYD LSE:HDD LSE:VRS LSE:ITX LSE:DCTA LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN LYB PPG ADX:BOROUGE IFF
Traded in Other Exchanges
N/A
Address
172 Arlington Road, London, GBR, NW1 7HL
Website
https://www.zenovagroup.com
Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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