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Pure Cycle (Pure Cycle) Effective Interest Rate on Debt % : 6.25% (As of Feb. 2024)


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What is Pure Cycle 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. Pure Cycle's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.44 Mil. Pure Cycle's average total debt for the quarter that ended in Feb. 2024 was $7.11 Mil. Therefore, Pure Cycle's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 6.25%.


Pure Cycle Effective Interest Rate on Debt % Historical Data

The historical data trend for Pure Cycle'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.

* Premium members only.

Pure Cycle Effective Interest Rate on Debt % Chart

Pure Cycle Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.27 3.62

Pure Cycle Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.62 5.14 4.03 6.00 6.25

Competitive Comparison of Pure Cycle's Effective Interest Rate on Debt %

For the Utilities - Regulated Water subindustry, Pure Cycle'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.


Pure Cycle's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Effective Interest Rate on Debt % distribution charts can be found below:

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



Pure Cycle Effective Interest Rate on Debt % Calculation

Pure Cycle's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -0.206/( (4.098+7.276)/ 2 )
=-1  *  -0.206/5.687
=3.62 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.012 + 0.086
=4.098

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.127 + 0.149
=7.276

Pure Cycle'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: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -0.444/( (7.118+7.094)/ 2 )
=-1  *  -0.444/7.106
=6.25 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.016 + 0.102
=7.118

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.992 + 0.102
=7.094

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


Pure Cycle  (NAS:PCYO) Effective Interest Rate on Debt % Explanation

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


Pure Cycle Effective Interest Rate on Debt % Related Terms

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Pure Cycle (Pure Cycle) Business Description

Industry
Traded in Other Exchanges
N/A
Address
34501 E. Quincy Avenue, Building 65, Suite A, Watkins, CO, USA, 80137
Pure Cycle Corp is a diversified land and water resource development company. It designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in two business segments namely Water and wastewater resource development and Land development. It generates maximum revenue from the Land development segment. The company's services include water production, storage, treatment, bulk transmission to retail distribution systems, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing, and collection. The land resource development segment includes all the activities necessary to develop and sell finished lots.
Executives
Mark W Harding director, officer: President and CFO 8451 DELAWARE STREET, THORNTON CO 80260
Marc Stephen Spezialy officer: Vice President and CFO 34501 E. QUINCY AVE. BLDG 65, WATKINS CO 80137
Kevin Blain Mcneill officer: Chief Financial Officer 34501 E. QUINCY AVE, BLDG 34, WATKINS CO 80018
Plaisance Spv I, Llc 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Wanda J Abel director 34501 QUINCY AVENUE BLDG. 34, WATKINS CO 80109
Fendel Frederick A. Iii director C/O PURE CYCLE CORP., 34501 E. QUINCY AVE., BLDG. 34, WATKINS CO 80137
Plaisance Capital Llc 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Patrick Beirne director 8 VIKING DR, ENGLEWOOD CO 80113
Jeffrey G Sheets director 5291 E. YALE AVE., DENVER CO 80222
Par Investment Partners Lp 10 percent owner 200 CLARENDON STREET, FL 48, BOSTON MA 02116
Daniel R Kozlowski 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Par Capital Management Inc 10 percent owner 200 CLARENDON STREET, FL 48, BOSTON MA 02116
Par Group Ii, L.p. 10 percent owner 200 CLARENDON STREET, 48TH FLOOR, BOSTON MA 02116
Epker Arthur G Iii director C/O PURE CYCLE CORPORATION, 8451 DELAWARE ST., THORNTON CO 80260
Harrison E Augur director PO BOX 4389, ASPEN CO 81611