PREDQ (Predictive Technology Group) Effective Interest Rate on Debt %: 15.65% (As of Mar. 2021)


What is Predictive Technology Group Effective Interest Rate on Debt %?

Predictive Technology Group PREDQ -90.00% Effective Interest Rate on Debt % is 15.65% as of Mar. 2021.

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. Predictive Technology Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was $1.87 Mil. Predictive Technology Group's average total debt for the quarter that ended in Mar. 2021 was $11.96 Mil. Therefore, Predictive Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was 15.65%.

Predictive Technology Group  (OTCPK:PREDQ) Effective Interest Rate on Debt % Explanation

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

Predictive Technology Group Effective Interest Rate on Debt % Related Terms

Predictive Technology Group Effective Interest Rate on Debt % Historical Data

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The historical data trend for Predictive Technology Group'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.

Predictive Technology Group Effective Interest Rate on Debt % Chart

Predictive Technology Group Annual Data
Trend Aug06 Aug07 Jun16 Jun17 Jun18 Jun19 Jun20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 0.00 0.75 11.62

Predictive Technology Group Quarterly Data
Nov07 Feb08 May08 Jun16 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 4.14 7.31 0.00 11.65 15.65

PREDQ vs GLMD, RCAR, CKPT: Effective Interest Rate on Debt % Comparison

For the Biotechnology subindustry, Predictive Technology Group'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.

Predictive Technology Group Effective Interest Rate on Debt % vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Predictive Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Predictive Technology Group Effective Interest Rate on Debt % Calculation

Predictive Technology Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2019 )+Total Debt  (A: Jun. 2020 ))/ count )
=-1  *  -0.596/( (2.416+7.84)/ 2 )
=-1  *  -0.596/5.128
=11.62 %

where

Total Debt  (A: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.912 + 0.504
=2.416

Total Debt  (A: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.571 + 2.269
=7.84

Predictive Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2020 )+Total Debt  (Q: Mar. 2021 ))/ count )
=-1  *  -1.872/( (10.477+13.44)/ 2 )
=-1  *  -1.872/11.9585
=15.65 %

where

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.729 + 7.748
=10.477

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.325 + 10.115
=13.44

* 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 (Mar. 2021) 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 15.65% mean?
Predictive Technology Group (PREDQ) has a Effective Interest Rate on Debt % of 15.65% as of Mar. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Predictive Technology Group and its competitors.
Is Predictive Technology Group's Effective Interest Rate on Debt % too high?
Predictive Technology Group's current Effective Interest Rate on Debt % is 15.65%.
How does Predictive Technology Group's Effective Interest Rate on Debt % compare to GLMD and RCAR?
Predictive Technology Group's Effective Interest Rate on Debt % of 15.65% can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Effective Interest Rate on Debt % depends on the Biotechnology 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 Predictive Technology Group and its competitors. Predictive Technology Group's current Effective Interest Rate on Debt % is 15.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Predictive Technology Group stock overvalued right now?
Predictive Technology Group (PREDQ) has a current Effective Interest Rate on Debt % of 15.65%. The current Effective Interest Rate on Debt % is 15.65%. 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 Predictive Technology Group (PREDQ), the current Effective Interest Rate on Debt % is 15.65% as of Mar. 2021. 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.

Predictive Technology Group Business Description

Address 2735 Parleys Way, Suite 205, Salt Lake City, UT, USA, 84109
Predictive Technology Group Inc (PRx) is a biotechnology company. It develops, commercializes, acquires and invests in technologies engaged in novel molecular diagnostic and therapeutic products in healthcare. The HCT/P segment offers minimally manipulated tissue products intended for homologous use, prepared utilizing proprietary extraction methods that reduce the loss of important scaffolding, growth factors and cytokines. The company's Diagnostics and Therapeutics segment uses data analytics for disease identification and subsequent therapeutic intervention through novel gene-based diagnostics, and companion therapeutics. It generates most of its revenues from HCT/Ps segment.