PRPI (Perpetual Industries) Effective Interest Rate on Debt %: 5.78% (As of Dec. 2022)


What is Perpetual Industries Effective Interest Rate on Debt %?

Perpetual Industries PRPI +0.03% Effective Interest Rate on Debt % is 5.78% as of Dec. 2022.

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. Perpetual Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.10 Mil. Perpetual Industries's average total debt for the quarter that ended in Dec. 2022 was $1.75 Mil. Therefore, Perpetual Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 5.78%.

Perpetual Industries  (OTCPK:PRPI) Effective Interest Rate on Debt % Explanation

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

Perpetual Industries Effective Interest Rate on Debt % Related Terms

Perpetual Industries Effective Interest Rate on Debt % Historical Data

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The historical data trend for Perpetual Industries'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.

Perpetual Industries Effective Interest Rate on Debt % Chart

Perpetual Industries Annual Data
Trend Jul13 Jul14 Jul15 Dec21 Dec22
Effective Interest Rate on Debt %
0.00 0.00 7.29 5.67 5.78

Perpetual Industries Semi-Annual Data
Jul13 Jul14 Jul15 Dec21 Dec22
Effective Interest Rate on Debt % 0.00 0.00 7.29 5.67 5.78

PRPI vs BRBL, JKSM, ATVK: Effective Interest Rate on Debt % Comparison

For the Specialty Industrial Machinery subindustry, Perpetual Industries'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.

Perpetual Industries Effective Interest Rate on Debt % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Perpetual Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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


Perpetual Industries Effective Interest Rate on Debt % Calculation

Perpetual Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.101/( (1.855+1.64)/ 2 )
=-1  *  -0.101/1.7475
=5.78 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.953 + 0.902
=1.855

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.613 + 1.027
=1.64

Perpetual Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -0.101/( (1.855+1.64)/ 2 )
=-1  *  -0.101/1.7475
=5.78 %

where

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.953 + 0.902
=1.855

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.613 + 1.027
=1.64

* 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 one times the annual (Dec. 2022) 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 5.78% mean?
Perpetual Industries (PRPI) has a Effective Interest Rate on Debt % of 5.78% as of Dec. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Perpetual Industries and its competitors.
Is Perpetual Industries' Effective Interest Rate on Debt % too high?
Perpetual Industries' current Effective Interest Rate on Debt % is 5.78%.
How does Perpetual Industries' Effective Interest Rate on Debt % compare to BRBL and JKSM?
Perpetual Industries' Effective Interest Rate on Debt % of 5.78% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Effective Interest Rate on Debt % depends on the Industrial Products 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 Perpetual Industries and its competitors. Perpetual Industries's current Effective Interest Rate on Debt % is 5.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perpetual Industries stock overvalued right now?
Perpetual Industries (PRPI) has a current Effective Interest Rate on Debt % of 5.78%. The current Effective Interest Rate on Debt % is 5.78%. 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 Perpetual Industries (PRPI), the current Effective Interest Rate on Debt % is 5.78% as of Dec. 2022. 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.

Perpetual Industries Business Description

Address 2193 Rotunda Drive, Auburn, IN, USA, 46706
Perpetual Industries Inc is a U.S.-based company focused on the growth and market expansion of its wholly owned subsidiary, The Worldwide Group, LLC, which operates as Worldwide Auctioneers, is a boutique auction firm specializing in the sale and acquisition of classic and vintage motorcars, generating its primary revenues through live and online auctions held across the United States. The company serves a clientele of automotive collectors and enthusiasts. Along with its auction events, the company offers a comprehensive suite of personalized services, including private car sales appraisals, collection management, estate planning, and asset consultancy.