PASSUR Aerospace (PASSUR Aerospace) Effective Interest Rate on Debt % : 9.69% (As of Jul. 2022)

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What is PASSUR Aerospace 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. PASSUR Aerospace's annualized positive value of Interest Expense for the quarter that ended in Jul. 2022 was $1.21 Mil. PASSUR Aerospace's average total debt for the quarter that ended in Jul. 2022 was $12.47 Mil. Therefore, PASSUR Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2022 was 9.69%.

PASSUR Aerospace Effective Interest Rate on Debt % Historical Data

The historical data trend for PASSUR Aerospace'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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PASSUR Aerospace Effective Interest Rate on Debt % Chart

PASSUR Aerospace Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Effective Interest Rate on Debt %

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5.26

6.82

9.94

9.31

9.50

PASSUR Aerospace Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.68	9.64	9.58	9.15	9.69

Competitive Comparison of PASSUR Aerospace's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, PASSUR Aerospace'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.

PASSUR Aerospace's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, PASSUR Aerospace's Effective Interest Rate on Debt % distribution charts can be found below:

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

PASSUR Aerospace Effective Interest Rate on Debt % Calculation

PASSUR Aerospace's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2020 )	+	Total Debt (A: Oct. 2021 ))	/ count )
=	-1 * -1.057	/	( (11.133	+	11.109)	/ 2 )
=	-1 * -1.057	/	11.121
=	9.50 %

where

	Total Debt (A: Oct. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.964	+	0.169
=	11.133

	Total Debt (A: Oct. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.023	+	0.086
=	11.109

PASSUR Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2022 )	+	Total Debt (Q: Jul. 2022 ))	/ count )
=	-1 * -1.208	/	( (12.077	+	12.853)	/ 2 )
=	-1 * -1.208	/	12.465
=	9.69 %

where

	Total Debt (Q: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.987	+	0.09
=	12.077

	Total Debt (Q: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.763	+	0.09
=	12.853

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 (Jul. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PASSUR Aerospace (OTCPK:PSSR) Effective Interest Rate on Debt % Explanation

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

PASSUR Aerospace Effective Interest Rate on Debt % Related Terms

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PASSUR Aerospace (PASSUR Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » PASSUR Aerospace Inc (OTCPK:PSSR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Landmark Square, Suite 1905, Stamford, CT, USA, 06901

Website

https://www.passur.com

PASSUR Aerospace Inc is engaged in digital operational excellence, providing predictive analytics and decision support technology for the aviation industry, to improve the operational performance and cash flow of airlines and the airports where they operate. The company's information solutions are used at five North American airlines; by airlines in Europe; by more than 60 airport customers (used at the top 30 North American airports); by more than 100 business aviation organizations; and by the US government.

Executives

Allison O'neill	officer: Exec. VP Finance & Admin	883 INMAN VILLAGE PARKWAY, ATLANTA GA 30307
Richard L Haver	director	C/O PASSUR AEROSPACE, INC., ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Robert M. Stafford	director	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Michael Owen Hulley	director	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD NY 06901
Michael P. Schumaecker	director	BOX 205, ORLEANS MA 02653
Sean L Doherty	officer: Exec. VP Finance & Admin	34 MILSON CRESCENT, GUELPH A6 N1C1G9
Michael Henne	officer: Chief Commercial Officer	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Brian Gerald Cook	director	840 ST. JOHNS AVE., GREEN COVE SPRINGS FL 32043
John Franklin Thomas	director	25 BURR DRIVE, NEEDHAM MA 02492
Ronald Rose	director
David Mackenzie Henderson	officer: See Remarks	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
David Brukman	officer: Chief Technology Officer	6 WATCH HILL DR., GREENWICH CT 06831
Keith D. Wichman	officer: VP-Airline Solutions/Product	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901
William S. Leber	officer: VP of Air-Traffic Innovations	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE SUITE 1900, STANFORD CT 06901
Thomas Scott White	officer: Senior VP ATM & Technology	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901