PREM (Premier Air Charter Holdings) Effective Interest Rate on Debt %: 7.69% (As of Dec. 2024)


What is Premier Air Charter Holdings Effective Interest Rate on Debt %?

Premier Air Charter Holdings PREM Effective Interest Rate on Debt % is 7.69% as of Dec. 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. Premier Air Charter Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.01 Mil. Premier Air Charter Holdings's average total debt for the quarter that ended in Dec. 2024 was $0.16 Mil. Therefore, Premier Air Charter Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 7.69%.

Premier Air Charter Holdings  (OTCPK:PREM) Effective Interest Rate on Debt % Explanation

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

Premier Air Charter Holdings Effective Interest Rate on Debt % Related Terms

Premier Air Charter Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Premier Air Charter 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.

Premier Air Charter Holdings Effective Interest Rate on Debt % Chart

Premier Air Charter Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 4.55 78.16 227.82 234.73

Premier Air Charter Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 90.57 33.33 20.51 7.34 7.69

PREM vs CISS, TLSS, APSI: Effective Interest Rate on Debt % Comparison

For the Airlines subindustry, Premier Air Charter 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.

Premier Air Charter Holdings Effective Interest Rate on Debt % vs Transportation Industry

For the Transportation industry and Industrials sector, Premier Air Charter Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


Premier Air Charter Holdings Effective Interest Rate on Debt % Calculation

Premier Air Charter Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -0.196/( (0.105+0.062)/ 2 )
=-1  *  -0.196/0.0835
=234.73 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.105
=0.105

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.062
=0.062

Premier Air Charter Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -0.012/( (0.156+0.156)/ 2 )
=-1  *  -0.012/0.156
=7.69 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.156
=0.156

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.156
=0.156

* 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 (Dec. 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 7.69% mean?
Premier Air Charter Holdings (PREM) has a Effective Interest Rate on Debt % of 7.69% as of Dec. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Premier Air Charter Holdings and its competitors.
Is Premier Air Charter Holdings' Effective Interest Rate on Debt % too high?
Premier Air Charter Holdings' current Effective Interest Rate on Debt % is 7.69%.
How does Premier Air Charter Holdings' Effective Interest Rate on Debt % compare to CISS and TLSS?
Premier Air Charter Holdings' Effective Interest Rate on Debt % of 7.69% can be compared against companies in the Transportation 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 Transportation company?
A good Effective Interest Rate on Debt % depends on the Transportation 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 Premier Air Charter Holdings and its competitors. Premier Air Charter Holdings's current Effective Interest Rate on Debt % is 7.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Air Charter Holdings stock overvalued right now?
Premier Air Charter Holdings (PREM) has a current Effective Interest Rate on Debt % of 7.69%. The current Effective Interest Rate on Debt % is 7.69%. 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 Premier Air Charter Holdings (PREM), the current Effective Interest Rate on Debt % is 7.69% as of Dec. 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.

Premier Air Charter Holdings Business Description

Address 2006 Palomar Airport Road, Suite 210, Carlsbad, CA, USA, 92011
Premier Air Charter Holdings Inc is a San Diego-based aircraft charter company, that provides an international community of aviation enthusiasts. Its vast fleet of aircraft includes everything from Light Jets and Turbojets to Mid-Large Jets.