PRO-PAC Packaging (ASX:PPG) Effective Interest Rate on Debt % : 3.31% (As of Jun. 2024)

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What is PRO-PAC Packaging 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. PRO-PAC Packaging's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$2.0 Mil. PRO-PAC Packaging's average total debt for the quarter that ended in Jun. 2024 was A$61.1 Mil. Therefore, PRO-PAC Packaging's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.31%.

PRO-PAC Packaging Effective Interest Rate on Debt % Historical Data

The historical data trend for PRO-PAC Packaging'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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PRO-PAC Packaging Effective Interest Rate on Debt % Chart

PRO-PAC Packaging Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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10.16

2.34

3.63

4.94

6.38

PRO-PAC Packaging Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	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															-0.08	8.22	1.47	11.10	3.31

Competitive Comparison of PRO-PAC Packaging's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Effective Interest Rate on Debt % falls into.

PRO-PAC Packaging Effective Interest Rate on Debt % Calculation

PRO-PAC Packaging'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 * -3.921	/	( (52.812	+	70.047)	/ 2 )
=	-1 * -3.921	/	61.4295
=	6.38 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.01	+	24.802
=	52.812

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.634	+	31.413
=	70.047

PRO-PAC Packaging'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 * -2.02	/	( (52.107	+	70.047)	/ 2 )
=	-1 * -2.02	/	61.077
=	3.31 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.882	+	28.225
=	52.107

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.634	+	31.413
=	70.047

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.

PRO-PAC Packaging (ASX:PPG) Effective Interest Rate on Debt % Explanation

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

PRO-PAC Packaging Effective Interest Rate on Debt % Related Terms

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PRO-PAC Packaging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Specialty; and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.