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Pros Holdings (Pros Holdings) Effective Interest Rate on Debt % : 1.92% (As of Mar. 2024)


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What is Pros 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. Pros Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.2 Mil. Pros Holdings's average total debt for the quarter that ended in Mar. 2024 was $324.6 Mil. Therefore, Pros Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.92%.


Pros Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Pros 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.

* Premium members only.

Pros Holdings Effective Interest Rate on Debt % Chart

Pros Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.45 5.09 1.64 1.46 1.58

Pros Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.48 1.49 1.49 1.89 1.92

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

For the Software - Application subindustry, Pros 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.


Pros Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Pros Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Pros Holdings Effective Interest Rate on Debt % Calculation

Pros 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  *  -5.145/( (325.625+324.765)/ 2 )
=-1  *  -5.145/325.195
=1.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=317.963 + 7.662
=325.625

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=297.442 + 27.323
=324.765

Pros Holdings'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: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -6.22/( (324.765+324.39)/ 2 )
=-1  *  -6.22/324.5775
=1.92 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=297.442 + 27.323
=324.765

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=297.553 + 26.837
=324.39

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


Pros Holdings  (NYSE:PRO) Effective Interest Rate on Debt % Explanation

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


Pros Holdings Effective Interest Rate on Debt % Related Terms

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Pros Holdings (Pros Holdings) Business Description

Industry
Traded in Other Exchanges
Address
3200 Kirby Drive, Suite 600, Houston, TX, USA, 77098
Pros Holdings Inc. is a provider of cloud-based revenue and profit realization software solutions to business-to-business and business-to-consumer companies. Its solutions assist customers in growing revenue, modernizing business processes, and supporting profitability by leveraging prescriptive analytics and data science-based decision-making technology. The company's solutions enable buyers to move fluidly across its customers' direct sales, partner, online, mobile, and emerging channels with personalized experiences. The firm generates revenue in the United States, Europe, Africa, Asia-Pacific, and Middle East regions.
Executives
Andres Reiner officer: Senior VP Pricing Solutions 3100 MAIN STREET, SUITE 900, HOUSTON TX 77002
Stefan B Schulz officer: EVP and CFO 9625 W 76TH STREET, EDEN PRAIRIE MN 55344
Cynthia Johnson director 3200 KIRBY DR., SUITE 600, HOUSTON TX 77098
Scott William Cook officer: Sr.VP,Chief Accounting Officer 3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Leland Jourdan director 3200 KIRBY DR., SUITE 600, HOUSTON TX 77098
Greg Petersen director 3100 MAIN STREET, SUITE 900, HOUSTON TX 77002
Timothy V Williams director 3100 MAIN STREET, STE 900, HOUSTON TX 77002
Leslie J Rechan director 2207 BRIDGEPOINTE PARKWAY, SAN MATEO CA 94404
Roberto D Reiner officer: EVP, Chief Technology Officer 3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Allessio John P. C. officer: EVP, Chief Customer Officer 3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Catherine A Lesjak director GENERAL ELECTRIC COMPANY, ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Raja Hammoud director 3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Carlos Dominguez director C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Ronald F Woestemeyer director, 10 percent owner, officer: EVP, Strategic Bus. Planning 3100 MAIN STREET, SUITE 900, HOUSTON TX 77002

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