PZRIF (Pizza Pizza Royalty) Effective Interest Rate on Debt % : 2.74% (As of Sep. 2024)

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What is Pizza Pizza Royalty 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. Pizza Pizza Royalty's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.95 Mil. Pizza Pizza Royalty's average total debt for the quarter that ended in Sep. 2024 was $34.70 Mil. Therefore, Pizza Pizza Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.74%.

Pizza Pizza Royalty Effective Interest Rate on Debt % Historical Data

The historical data trend for Pizza Pizza Royalty'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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Pizza Pizza Royalty Effective Interest Rate on Debt % Chart

Pizza Pizza Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.86

2.64

2.89

2.73

2.74

Pizza Pizza Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.77	2.72	2.76	2.71	2.74

Competitive Comparison of Pizza Pizza Royalty's Effective Interest Rate on Debt %

For the Restaurants subindustry, Pizza Pizza Royalty'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.

Pizza Pizza Royalty's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Pizza Pizza Royalty's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pizza Pizza Royalty Effective Interest Rate on Debt % Calculation

Pizza Pizza Royalty's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.954	/	( (34.566	+	35.015)	/ 2 )
=	-1 * -0.954	/	34.7905
=	2.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.566	+	0
=	34.566

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.015	+	0
=	35.015

Pizza Pizza Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.952	/	( (34.708	+	34.689)	/ 2 )
=	-1 * -0.952	/	34.6985
=	2.74 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.708	+	0
=	34.708

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	34.689
=	34.689

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pizza Pizza Royalty (OTCPK:PZRIF) Effective Interest Rate on Debt % Explanation

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

Pizza Pizza Royalty Effective Interest Rate on Debt % Related Terms

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Pizza Pizza Royalty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Pizza Pizza Royalty Corp (OTCPK:PZRIF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

PZA:Canada

Address

500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5

Website

https://www.pizzapizza.ca

Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership.