Progressive Planet Solutions (FRA:ARB3) Effective Interest Rate on Debt % : 6.96% (As of Jan. 2024)

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What is Progressive Planet Solutions 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. Progressive Planet Solutions's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was €0.44 Mil. Progressive Planet Solutions's average total debt for the quarter that ended in Jan. 2024 was €6.27 Mil. Therefore, Progressive Planet Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 6.96%.

Progressive Planet Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Progressive Planet Solutions'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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Progressive Planet Solutions Effective Interest Rate on Debt % Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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1.79

5.56

8.29

2.67

5.92

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.79	8.33	6.68	6.88	6.96

Competitive Comparison of Progressive Planet Solutions's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.

Progressive Planet Solutions's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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

Progressive Planet Solutions Effective Interest Rate on Debt % Calculation

Progressive Planet Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.46	/	( (9.302	+	6.232)	/ 2 )
=	-1 * -0.46	/	7.767
=	5.92 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.661	+	1.641
=	9.302

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.86	+	0.372
=	6.232

Progressive Planet Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.436	/	( (6.334	+	6.203)	/ 2 )
=	-1 * -0.436	/	6.2685
=	6.96 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.948	+	0.386
=	6.334

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.875	+	0.328
=	6.203

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

Progressive Planet Solutions (FRA:ARB3) Effective Interest Rate on Debt % Explanation

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

Progressive Planet Solutions Effective Interest Rate on Debt % Related Terms

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Progressive Planet Solutions (FRA:ARB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (FRA:ARB3) » Definitions » Effective Interest Rate on Debt %

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ASHXF:USA PLAN:Canada

Address

724 East Sarcee Street, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.

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