Pinnacle Investment Management Group (ASX:PNI) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Pinnacle Investment Management Group 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. Pinnacle Investment Management Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Pinnacle Investment Management Group's average total debt for the quarter that ended in Dec. 2023 was A$115.33 Mil. Therefore, Pinnacle Investment Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Pinnacle Investment Management Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Pinnacle Investment Management Group'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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Pinnacle Investment Management Group Effective Interest Rate on Debt % Chart

Pinnacle Investment Management Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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1.89

0.95

5.01

Pinnacle Investment Management Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	10.04	-

Competitive Comparison of Pinnacle Investment Management Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Pinnacle Investment Management Group'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.

Pinnacle Investment Management Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pinnacle Investment Management Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pinnacle Investment Management Group's Effective Interest Rate on Debt % falls into.

Pinnacle Investment Management Group Effective Interest Rate on Debt % Calculation

Pinnacle Investment Management Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -6.064	/	( (121.656	+	120.494)	/ 2 )
=	-1 * -6.064	/	121.075
=	5.01 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.348	+	1.308
=	121.656

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100	+	20.494
=	120.494

Pinnacle Investment Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (120.494	+	110.157)	/ 2 )
=	-1 * 0	/	115.3255
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100	+	20.494
=	120.494

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.964	+	2.193
=	110.157

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pinnacle Investment Management Group (ASX:PNI) Effective Interest Rate on Debt % Explanation

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

Pinnacle Investment Management Group Effective Interest Rate on Debt % Related Terms

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Pinnacle Investment Management Group (ASX:PNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pinnacle Investment Management Group Ltd (ASX:PNI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

264 George Street, Level 25, Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.pinnacleinvestment.com

Pinnacle Investment Management Group is an Australia-based multi-affiliate investment management firm. The principal activities of the firm are equity, seed capital and working capital, and providing distribution services, business support, and responsible entity services to a network of boutique asset managers, termed as "affiliates." Apart from deriving revenue from its services, Pinnacle also earns a share of profits from its affiliates via holding equity interests in them. The business is growing rapidly with number of boutiques and FUM growing to 15 and around AUD 90 billion in September 2023, respectively, from seven and AUD 23 billion in December 2016.