KTPPF (Katipult Technology) Effective Interest Rate on Debt % : 13.00% (As of Sep. 2024)

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What is Katipult Technology 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. Katipult Technology's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.48 Mil. Katipult Technology's average total debt for the quarter that ended in Sep. 2024 was $3.72 Mil. Therefore, Katipult Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.00%.

Katipult Technology Effective Interest Rate on Debt % Historical Data

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

Katipult Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.32

13.41

16.50

16.31

17.94

Katipult Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.29	20.08	20.21	12.45	13.00

Competitive Comparison of Katipult Technology's Effective Interest Rate on Debt %

For the Software - Application subindustry, Katipult Technology'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.

Katipult Technology's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Katipult Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Katipult Technology Effective Interest Rate on Debt % Calculation

Katipult Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.637	/	( (3.113	+	3.99)	/ 2 )
=	-1 * -0.637	/	3.5515
=	17.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.081	+	0.032
=	3.113

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.991	+	2.999
=	3.99

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.484	/	( (4.036	+	3.409)	/ 2 )
=	-1 * -0.484	/	3.7225
=	13.00 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.191	+	2.845
=	4.036

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.32	+	2.089
=	3.409

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

Katipult Technology (OTCPK:KTPPF) Effective Interest Rate on Debt % Explanation

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

Katipult Technology Effective Interest Rate on Debt % Related Terms

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Katipult Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Katipult Technology Corp (OTCPK:KTPPF) » Definitions » Effective Interest Rate on Debt %

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Address

900-903 8th Avenue Sw, Suite 1600, Calgary, AB, CAN, T2P 0P7

Website

https://www.katipult.com

Katipult Technology Corp is engaged in providing enterprise software and software-related services. It operates as a financial technology company offering a cloud-based software infrastructure that allows firms to design, set up and operate an investment platform. The platform includes modules for various user types, including investors, issuers, administrators, and auditors, among others. It generates subscription revenue and integration revenue. Subscription revenue consists of monthly recurring SaaS revenue earned by providing access to the Platform whereas Integration revenue consists of revenue arising from the provision of regulatory consulting, marketing consulting, and customization services to clients. It has a business presence in Canada, the U.K., and other countries.

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