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


What is Katipult Technology Effective Interest Rate on Debt %?

Katipult Technology KTPPF Effective Interest Rate on Debt % is 13.00% as of Sep. 2024.

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  (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

Katipult Technology Effective Interest Rate on Debt % Historical Data

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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.

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 %
Get a 7-Day Free Trial 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.29 20.08 20.21 12.45 13.00

KTPPF vs CRM, INTU, NOW: Effective Interest Rate on Debt % Comparison

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 Effective Interest Rate on Debt % vs 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.


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

* 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.

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.

What does a Effective Interest Rate on Debt % of 13.00% mean?
Katipult Technology (KTPPF) has a Effective Interest Rate on Debt % of 13.00% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Katipult Technology and its competitors.
Is Katipult Technology's Effective Interest Rate on Debt % too high?
Katipult Technology's current Effective Interest Rate on Debt % is 13.00%.
How does Katipult Technology's Effective Interest Rate on Debt % compare to CRM and INTU?
Katipult Technology's Effective Interest Rate on Debt % of 13.00% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Software company?
A good Effective Interest Rate on Debt % depends on the Software industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Katipult Technology and its competitors. Katipult Technology's current Effective Interest Rate on Debt % is 13.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Katipult Technology stock overvalued right now?
Katipult Technology (KTPPF) has a current Effective Interest Rate on Debt % of 13.00%. The current Effective Interest Rate on Debt % is 13.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Katipult Technology (KTPPF), the current Effective Interest Rate on Debt % is 13.00% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Katipult Technology Business Description

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