Puxin (NEWYY) Effective Interest Rate on Debt % : 3.68% (As of Jun. 2021)

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What is Puxin 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. Puxin's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $14.2 Mil. Puxin's average total debt for the quarter that ended in Jun. 2021 was $386.5 Mil. Therefore, Puxin's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 3.68%.

Puxin Effective Interest Rate on Debt % Historical Data

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

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

1.66

8.00

5.71

4.25

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														4.03	3.94	3.90	3.59	3.68

Competitive Comparison of Puxin's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Puxin'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.

Puxin's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Puxin's Effective Interest Rate on Debt % distribution charts can be found below:

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

Puxin Effective Interest Rate on Debt % Calculation

Puxin's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -12.283	/	( (267.6	+	310.687)	/ 2 )
=	-1 * -12.283	/	289.1435
=	4.25 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.286	+	156.314
=	267.6

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.281	+	199.406
=	310.687

Puxin's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * -14.232	/	( (398.301	+	374.788)	/ 2 )
=	-1 * -14.232	/	386.5445
=	3.68 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.681	+	195.62
=	398.301

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	184	+	190.788
=	374.788

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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Puxin (OTCPK:NEWYY) Effective Interest Rate on Debt % Explanation

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

Puxin Effective Interest Rate on Debt % Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.