Pineapple Financial (Pineapple Financial) Effective Interest Rate on Debt % : 8.43% (As of Feb. 2024)

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What is Pineapple Financial 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. Pineapple Financial's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.11 Mil. Pineapple Financial's average total debt for the quarter that ended in Feb. 2024 was $1.33 Mil. Therefore, Pineapple Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 8.43%.

Pineapple Financial Effective Interest Rate on Debt % Historical Data

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

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

9.89

14.64

4.38

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					7.77	7.79	-0.64	6.44	8.43

Competitive Comparison of Pineapple Financial's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pineapple Financial's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pineapple Financial Effective Interest Rate on Debt % Calculation

Pineapple Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.056	/	( (1.021	+	1.538)	/ 2 )
=	-1 * -0.056	/	1.2795
=	4.38 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.019	+	0.002
=	1.021

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.97	+	0.568
=	1.538

Pineapple Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.112	/	( (1.072	+	1.584)	/ 2 )
=	-1 * -0.112	/	1.328
=	8.43 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.928	+	0.144
=	1.072

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.896	+	0.688
=	1.584

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

Pineapple Financial (AMEX:PAPL) Effective Interest Rate on Debt % Explanation

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

Pineapple Financial Effective Interest Rate on Debt % Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.