Pop Culture Group Co (Pop Culture Group Co) Effective Interest Rate on Debt % : 3.94% (As of Dec. 2023)

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What is Pop Culture Group Co 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. Pop Culture Group Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.21 Mil. Pop Culture Group Co's average total debt for the quarter that ended in Dec. 2023 was $5.33 Mil. Therefore, Pop Culture Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.94%.

Pop Culture Group Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Pop Culture Group Co'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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Pop Culture Group Co Effective Interest Rate on Debt % Chart

Pop Culture Group Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

5.32

5.65

5.32

3.75

4.04

Pop Culture Group Co Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					6.16	1.47	7.89	-0.22	3.94

Competitive Comparison of Pop Culture Group Co's Effective Interest Rate on Debt %

For the Entertainment subindustry, Pop Culture Group Co'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.

Pop Culture Group Co's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pop Culture Group Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pop Culture Group Co's Effective Interest Rate on Debt % falls into.

Pop Culture Group Co Effective Interest Rate on Debt % Calculation

Pop Culture Group Co'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 * -0.217	/	( (5.505	+	5.235)	/ 2 )
=	-1 * -0.217	/	5.37
=	4.04 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.504	+	4.001
=	5.505

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	5.195
=	5.235

Pop Culture Group Co'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 * -0.21	/	( (5.235	+	5.417)	/ 2 )
=	-1 * -0.21	/	5.326
=	3.94 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	5.195
=	5.235

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.753	+	4.664
=	5.417

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.

Pop Culture Group Co (NAS:CPOP) Effective Interest Rate on Debt % Explanation

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

Pop Culture Group Co Effective Interest Rate on Debt % Related Terms

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Pop Culture Group Co (Pop Culture Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Pop Culture Group Co Ltd (NAS:CPOP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, No. 168 Fengqi Road, Jimei District, Fujian Province, Xiamen, CHN, 361008

Website

http://www.cpop.cn

Pop Culture Group Co Ltd hosts entertainment events, operates hip-hop-related online programs, and provides event planning and execution services and marketing services to corporate clients. It generates revenue from our Event Hosting business by providing sponsorship packages to advertisers in exchange for sponsorship fees and by selling tickets for those concerts.