Peoplein (ASX:PPE) Effective Interest Rate on Debt % : 6.03% (As of Jun. 2024)

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What is Peoplein 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. Peoplein's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$8 Mil. Peoplein's average total debt for the quarter that ended in Jun. 2024 was A$137 Mil. Therefore, Peoplein's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.03%.

Peoplein Effective Interest Rate on Debt % Historical Data

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

Peoplein Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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6.80

3.19

2.11

4.90

6.26

Peoplein Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									1.46	4.56	4.40	6.24	6.03

Competitive Comparison of Peoplein's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Peoplein'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.

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

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

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

Peoplein Effective Interest Rate on Debt % Calculation

Peoplein's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -7.964	/	( (113.059	+	141.374)	/ 2 )
=	-1 * -7.964	/	127.2165
=	6.26 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.389	+	33.67
=	113.059

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	123.813	+	17.561
=	141.374

Peoplein's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -8.26	/	( (132.593	+	141.374)	/ 2 )
=	-1 * -8.26	/	136.9835
=	6.03 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.164	+	61.429
=	132.593

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	123.813	+	17.561
=	141.374

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Peoplein (ASX:PPE) Effective Interest Rate on Debt % Explanation

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

Peoplein Effective Interest Rate on Debt % Related Terms

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Peoplein Business Description

Industry

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Address

540 Wickham Street, Level 6, Fortitude Valley, QLD, AUS, 4006

Website

https://www.peoplein.com.au

Peoplein Ltd is a workforce management company. It delivers solutions to the workforce challenges faced by businesses in Australia. It provides recruiting, on-boarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management. It also operates in disability care, childcare, infrastructure, mining, agriculture, and hospitality. It also operates under Health and Community Care, Information Technology and General Staffing, and Specialist Services. The Group segments the business into three verticals, Industrial and Specialist Services, Professional Services and Health and Community. The Group generates the majority of its revenue from Industrial and Specialist Services.

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