PRGX Global (PRGX Global) Effective Interest Rate on Debt % : 1.93% (As of Sep. 2020)

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What is PRGX Global 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. PRGX Global's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $0.9 Mil. PRGX Global's average total debt for the quarter that ended in Sep. 2020 was $44.7 Mil. Therefore, PRGX Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 1.93%.

PRGX Global Effective Interest Rate on Debt % Historical Data

The historical data trend for PRGX Global'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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PRGX Global Effective Interest Rate on Debt % Chart

PRGX Global Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Effective Interest Rate on Debt %

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2.97

20.79

10.37

5.61

PRGX Global Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.31	4.29	2.67	2.36	1.93

Competitive Comparison of PRGX Global's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, PRGX Global'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.

PRGX Global's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PRGX Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

PRGX Global Effective Interest Rate on Debt % Calculation

PRGX Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2018 )	+	Total Debt (A: Dec. 2019 ))	/ count )
=	-1 * -1.945	/	( (21.601	+	47.772)	/ 2 )
=	-1 * -1.945	/	34.6865
=	5.61 %

where

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.553	+	0.048
=	21.601

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.038	+	3.734
=	47.772

PRGX Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2020 )	+	Total Debt (Q: Sep. 2020 ))	/ count )
=	-1 * -0.864	/	( (48.095	+	41.272)	/ 2 )
=	-1 * -0.864	/	44.6835
=	1.93 %

where

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.018	+	4.077
=	48.095

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.155	+	4.117
=	41.272

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 (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PRGX Global (NAS:PRGX) Effective Interest Rate on Debt % Explanation

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

PRGX Global Effective Interest Rate on Debt % Related Terms

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PRGX Global (PRGX Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PRGX Global Inc (NAS:PRGX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Galleria Parkway, Suite 100, Atlanta, GA, USA, 30339-5986

Website

https://www.prgx.com

PRGX Global Inc is engaged in providing recovery audit and spends analytics service. Its services include recovery audit, spend analytics and supplier information management services. The company conducts its operations through three reportable segments: Recovery Audit Services - Americas, Recovery Audit Services - Europe/Asia-Pacific and Adjacent Services. The Recovery Audit Services - Americas segment are the largest segment in terms of clients served and revenue generated. The Recovery Audit Services - Europe/Asia-Pacific segment represents recovery audit services provided in Europe, Asia, and the Pacific region. Adjacent Services offerings are generally provided to clients on a global basis. The vast majority of the firm's revenue comes from recovery audit.

Executives

Matthew A Drapkin	director	10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Kevin Costello	director	C/O ARIBA INC, 807 11TH AVENUE, SUNNYVALE CA 94089
Joseph E Whitters	director
William F Kimble	director	6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Simone C Walsh	officer: Controller	600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Kurt Abkemeier	officer: Chief Financial Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Victor A Allums	officer: SVP & General Counsel	600 GALLERIA PKWY SE SUITE 100 ATLANTA GA 30339
Ronald E. Stewart	director, officer: President & CEO	5360 LONG ISLAND DRIVE ATLANTA GA 30327
Gregory J Owens	director, officer: Executive Chairman	2755 CAMPUS DR 3RD FL SAN MATEO CA 94403-2538
Michael Cochrane	officer: SVP, COO - Global Audit Oper.	600 GALLERIA PARKWAY SUITE 100 ATLANTA GA 30342
Headlands Strategic Opportunities Fund, Lp (the Partnership)	10 percent owner	ONE EMBARCADERO CENTER SUITE 1600 SAN FRANCISCO CA 94111
Headlands Capital Management, Llc	other: General Partner of 10% Owner	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111
Cost David W Jr	other: Member of investment committee	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111
Park David E Iii	other: Member of investment committee	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111