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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. Progress Software's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $27.1 Mil. Progress Software's average total debt for the quarter that ended in Aug. 2024 was $813.2 Mil. Therefore, Progress Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 3.33%.
The historical data trend for Progress Software'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.
Progress Software Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.83 | 2.86 | 3.98 | 2.56 | 4.44 |
Progress Software Quarterly Data | ||||||||||||||||||||
Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | Aug24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.28 | 4.13 | 4.03 | 3.67 | 3.33 |
For the Software - Infrastructure subindustry, Progress Software'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.
For the Software industry and Technology sector, Progress Software's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Progress Software's Effective Interest Rate on Debt % falls into.
Progress Software'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 * -30.78 | / | ( (640.591 | + | 747.106) | / 2 ) |
= | -1 * -30.78 | / | 693.8485 | |||
= | 4.44 % |
where
Total Debt (A: Nov. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 626.886 | + | 13.705 |
= | 640.591 |
Total Debt (A: Nov. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 723.883 | + | 23.223 |
= | 747.106 |
Progress Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: May. 2024 ) | + | Total Debt (Q: Aug. 2024 )) | / count ) |
= | -1 * -27.06 | / | ( (813.694 | + | 812.752) | / 2 ) |
= | -1 * -27.06 | / | 813.223 | |||
= | 3.33 % |
where
Total Debt (Q: May. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 804.247 | + | 9.447 |
= | 813.694 |
Total Debt (Q: Aug. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 803.879 | + | 8.873 |
= | 812.752 |
* 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 (Aug. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Progress Software (NAS:PRGS) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Progress Software's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Domenic Lococo | officer: Chief Accounting Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Loren Jarrett | officer: Chief Marketing Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730 |
Ian Pitt | officer: Chief Information Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Kathryn Kulikoski | officer: CHIEF PEOPLE OFFICER | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Anthony Folger | officer: Chief Financial Officer | C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115 |
John Ainsworth | officer: Senior Vice President | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730 |
Yufan Stephanie Wang | officer: Chief Legal Officer | C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803 |
Sundar Subramanian | officer: EVP/GM DevSecOps | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
David Krall | director | C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876 |
Charles Francis Kane | director | 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Yogesh K Gupta | director, officer: Chief Executive Officer | C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803 |
Jeremy Segal | officer: Senior Vice President | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Jennifer Ortiz | officer: EVP, Corporate Marketing | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
John R Egan | director | 176 SOUTH ST., HOPKINTON MA 01748 |
Gary Quinn | officer: Senior Vice President | C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749 |
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