Sylogist (TSX:SYZ) Effective Interest Rate on Debt % : 6.58% (As of Dec. 2024)

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What is Sylogist 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. Sylogist's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$1.27 Mil. Sylogist's average total debt for the quarter that ended in Dec. 2024 was C$19.28 Mil. Therefore, Sylogist's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.58%.

Sylogist Effective Interest Rate on Debt % Historical Data

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

Sylogist Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Dec24

Effective Interest Rate on Debt %

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13.45

2.53

10.47

8.22

Sylogist Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.87	9.12	9.05	7.20	6.58

Competitive Comparison of Sylogist's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sylogist'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.

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

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

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

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Sylogist Effective Interest Rate on Debt % Calculation

Sylogist's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -1.522	/	( (17.742	+	19.308)	/ 2 )
=	-1 * -1.522	/	18.525
=	8.22 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.243	+	17.499
=	17.742

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.152	+	0.156
=	19.308

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -1.268	/	( (19.245	+	19.308)	/ 2 )
=	-1 * -1.268	/	19.2765
=	6.58 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	19.245
=	19.245

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.152	+	0.156
=	19.308

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

Sylogist (TSX:SYZ) Effective Interest Rate on Debt % Explanation

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

Sylogist Effective Interest Rate on Debt % Related Terms

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Sylogist Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Effective Interest Rate on Debt %

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SYZLF:USA

Address

1A Street S.W, Suite 5290, Calgary, AB, CAN, T2S 1R8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided into verticals namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America.

Executives

William Craig Wood	Director
Donna Smiley	Senior Officer
Grant Mclarnon	Senior Officer
Taylor Gray	Director
Tracy Edkins	Director
Errol Olsen	Director
Sujeet Kini	Senior Officer
Xavier Shorter	Senior Officer
Craig O'neill	Director
Ian Murray Mckinnon	Director
David Elder	Senior Officer
James Townsend	Senior Officer
Lester Fernandes	Director
Barry Foster	Director
Sylogist Ltd.	Issuer

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