Everyday People Financial (TSXV:EPF) Effective Interest Rate on Debt % : 13.25% (As of Mar. 2024)

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What is Everyday People Financial 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. Everyday People Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$2.68 Mil. Everyday People Financial's average total debt for the quarter that ended in Mar. 2024 was C$20.23 Mil. Therefore, Everyday People Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.25%.

Everyday People Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Everyday People Financial'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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Everyday People Financial Effective Interest Rate on Debt % Chart

Everyday People Financial Annual Data

Trend

Jul20

Jul21

Jul22

Dec23

Effective Interest Rate on Debt %

5.50

11.87

Everyday People Financial Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								10.94	14.03	9.56	18.16	13.25

Competitive Comparison of Everyday People Financial's Effective Interest Rate on Debt %

For the Credit Services subindustry, Everyday People Financial'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.

Everyday People Financial's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Everyday People Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Everyday People Financial's Effective Interest Rate on Debt % falls into.

Everyday People Financial Effective Interest Rate on Debt % Calculation

Everyday People Financial'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: Jul. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -2.441	/	( (0	+	20.559)	/ 1 )
=	-1 * -2.441	/	20.559
=	11.87 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.22	+	8.339
=	20.559

Everyday People Financial'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 * -2.68	/	( (20.559	+	19.892)	/ 2 )
=	-1 * -2.68	/	20.2255
=	13.25 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.22	+	8.339
=	20.559

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.638	+	8.254
=	19.892

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.

Everyday People Financial (TSXV:EPF) Effective Interest Rate on Debt % Explanation

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

Everyday People Financial Effective Interest Rate on Debt % Related Terms

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Everyday People Financial (TSXV:EPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (TSXV:EPF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EPFCF:USA

Address

11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7

Website

https://www.everydaypeoplefinancial.com

Everyday People Financial Corp is a financial technology and consumer financing company. Through its technology-driven ecosystem, the group's alternative and specialty credit financing programs offer credit and payment cards, homeownership facilitation, consumer lending, and payment management services. The company's mission is to assist its clients in becoming their financial selves and to offer credit products and services that help ordinary people achieve extraordinary results.

Executives

Amy Marie Ter Haar

Director

Everyday People Financial (TSXV:EPF) Headlines

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