Puget Technologies (Puget Technologies) Effective Interest Rate on Debt % : 0.00% (As of Jul. 2021)

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What is Puget Technologies 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. Puget Technologies's annualized positive value of Interest Expense for the quarter that ended in Jul. 2021 was $0.00 Mil. Puget Technologies's average total debt for the quarter that ended in Jul. 2021 was $0.18 Mil. Therefore, Puget Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2021 was 0.00%.

Puget Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Puget Technologies'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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Puget Technologies Effective Interest Rate on Debt % Chart

Puget Technologies Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct19

Oct20

Effective Interest Rate on Debt %

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1.14

13.89

22.30

124.06

Puget Technologies Quarterly Data
	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	1,609.05	688.00	-	-

Competitive Comparison of Puget Technologies's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Puget Technologies'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.

Puget Technologies's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

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

Puget Technologies Effective Interest Rate on Debt % Calculation

Puget Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2019 )	+	Total Debt (A: Oct. 2020 ))	/ count )
=	-1 * -0.936	/	( (1.288	+	0.221)	/ 2 )
=	-1 * -0.936	/	0.7545
=	124.06 %

where

	Total Debt (A: Oct. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.288
=	1.288

	Total Debt (A: Oct. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.221
=	0.221

Puget Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2021 )	+	Total Debt (Q: Jul. 2021 ))	/ count )
=	-1 * 0	/	( (0.159	+	0.195)	/ 2 )
=	-1 * 0	/	0.177
=	0.00 %

where

	Total Debt (Q: Apr. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.159
=	0.159

	Total Debt (Q: Jul. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.195
=	0.195

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 (Jul. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Puget Technologies (OTCPK:PUGE) Effective Interest Rate on Debt % Explanation

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

Puget Technologies Effective Interest Rate on Debt % Related Terms

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Puget Technologies (Puget Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Puget Technologies Inc (OTCPK:PUGE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 North Federal Highway, Suite 200-A, Boca Raton, FL, USA, 33432

Website

https://www.pugettechnologies.com

Puget Technologies Inc is a development-stage company in the United States.

Executives

Thomas M Jaspers	director, 10 percent owner, officer: Chief Financial Officer	8310 S VALLEY HIGHWAY SUITE 300 ENGLEWOOD CO 80112
Qest Acquisition Corp	10 percent owner	8310 S VALLEY HIGHWAY SUITE 300 ENGLEWOOD CO 80112

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