PRST (Presto Automation) Effective Interest Rate on Debt %: 20.48% (As of Mar. 2024)


What is Presto Automation Effective Interest Rate on Debt %?

Presto Automation PRST -99.00% Effective Interest Rate on Debt % is 20.48% as of Mar. 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. Presto Automation's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $12.50 Mil. Presto Automation's average total debt for the quarter that ended in Mar. 2024 was $61.05 Mil. Therefore, Presto Automation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 20.48%.

Presto Automation  (OTCPK:PRST) Effective Interest Rate on Debt % Explanation

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

Presto Automation Effective Interest Rate on Debt % Related Terms

Presto Automation Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Presto Automation'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.

Presto Automation Effective Interest Rate on Debt % Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
9.90 8.54 4.82 14.04

Presto Automation Quarterly Data
Jun20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 20.01 23.17 26.57 24.34 20.48

PRST vs BOMO, CRM, INTU: Effective Interest Rate on Debt % Comparison

For the Software - Application subindustry, Presto Automation'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.

Presto Automation Effective Interest Rate on Debt % vs Software Industry

For the Software industry and Technology sector, Presto Automation's Effective Interest Rate on Debt % distribution charts can be found below:

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


Presto Automation Effective Interest Rate on Debt % Calculation

Presto Automation's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -12.755/( (125.946+55.806)/ 2 )
=-1  *  -12.755/90.876
=14.04 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2 + 123.946
=125.946

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.136 + 52.67
=55.806

Presto Automation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -12.504/( (59.575+62.531)/ 2 )
=-1  *  -12.504/61.053
=20.48 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.017 + 59.558
=59.575

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 62.531
=62.531

* 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. 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 20.48% mean?
Presto Automation (PRST) has a Effective Interest Rate on Debt % of 20.48% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Presto Automation and its competitors.
Is Presto Automation's Effective Interest Rate on Debt % too high?
Presto Automation's current Effective Interest Rate on Debt % is 20.48%.
How does Presto Automation's Effective Interest Rate on Debt % compare to BOMO and CRM?
Presto Automation's Effective Interest Rate on Debt % of 20.48% can be compared against companies in the Software 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 Software company?
A good Effective Interest Rate on Debt % depends on the Software 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 Presto Automation and its competitors. Presto Automation's current Effective Interest Rate on Debt % is 20.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Presto Automation stock overvalued right now?
Presto Automation (PRST) has a current Effective Interest Rate on Debt % of 20.48%. The current Effective Interest Rate on Debt % is 20.48%. 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 Presto Automation (PRST), the current Effective Interest Rate on Debt % is 20.48% as of Mar. 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.

Presto Automation Business Description

Address 985 Industrial Road, San Carlos, CA, USA, 94070
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.