Phoenix Apps (Phoenix Apps) Effective Interest Rate on Debt % : 42.98% (As of Sep. 2019)

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What is Phoenix Apps 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. Phoenix Apps's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $0.05 Mil. Phoenix Apps's average total debt for the quarter that ended in Sep. 2019 was $0.12 Mil. Therefore, Phoenix Apps's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 42.98%.

Phoenix Apps Effective Interest Rate on Debt % Historical Data

The historical data trend for Phoenix Apps'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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Phoenix Apps Effective Interest Rate on Debt % Chart

Phoenix Apps Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

72.31

71.60

Phoenix Apps Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											51.61	41.67	85.02	66.09	42.98

Competitive Comparison of Phoenix Apps's Effective Interest Rate on Debt %

For the Software - Application subindustry, Phoenix Apps'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.

Phoenix Apps's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Phoenix Apps Effective Interest Rate on Debt % Calculation

Phoenix Apps's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -0.058	/	( (0.065	+	0.097)	/ 2 )
=	-1 * -0.058	/	0.081
=	71.60 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.065
=	0.065

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.097
=	0.097

Phoenix Apps's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -0.052	/	( (0.12	+	0.122)	/ 2 )
=	-1 * -0.052	/	0.121
=	42.98 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.12
=	0.12

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.122
=	0.122

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 (Sep. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Phoenix Apps (OTCPK:PXPP) Effective Interest Rate on Debt % Explanation

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

Phoenix Apps Effective Interest Rate on Debt % Related Terms

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Phoenix Apps (Phoenix Apps) Business Description

Industry

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Address

1258-720 King Street West, Suite 200, Toronto, ON, CAN, M5V 3S5

Website

Phoenix Apps Inc develops mobile software applications for smartphones and tablets.

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