ProStar Holdings (ProStar Holdings) Effective Interest Rate on Debt % : 19.23% (As of Mar. 2024)

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What is ProStar Holdings 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. ProStar Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.02 Mil. ProStar Holdings's average total debt for the quarter that ended in Mar. 2024 was $0.10 Mil. Therefore, ProStar Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.23%.

ProStar Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for ProStar Holdings'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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ProStar Holdings Effective Interest Rate on Debt % Chart

ProStar Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.92

6.37

12.72

6.25

18.64

ProStar Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													14.58	13.33	12.86	12.26	19.23

Competitive Comparison of ProStar Holdings's Effective Interest Rate on Debt %

For the Software - Application subindustry, ProStar Holdings'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.

ProStar Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

ProStar Holdings Effective Interest Rate on Debt % Calculation

ProStar Holdings'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 * -0.022	/	( (0	+	0.118)	/ 1 )
=	-1 * -0.022	/	0.118
=	18.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.118
=	0.118

ProStar Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.02	/	( (0.118	+	0.09)	/ 2 )
=	-1 * -0.02	/	0.104
=	19.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.118
=	0.118

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.09
=	0.09

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

ProStar Holdings (OTCPK:MAPPF) Effective Interest Rate on Debt % Explanation

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

ProStar Holdings Effective Interest Rate on Debt % Related Terms

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ProStar Holdings (ProStar Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MAPS:Canada

Address

760 Horizon Drive, Suite 200, Grand Junction, CO, USA, 81506

Website

https://www.prostarcorp.com

ProStar Holdings Inc specializes in the development of patented mapping software. ProStar's Precision Mapping Solutions are natively cloud and mobile and offered as Software as a Service. The company's Software as a Service provides the ability to capture, record, and display the precise location of critical infrastructure such as buried utilities and pipelines; which is all accomplished in real time through ProStar's patented geospatial intelligence software. The Company operates in one reportable segment, providing Geospatial Intelligence Software for asset-centric industries, and earns revenue in one region, North America.