GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (TSXV:EPF) » Definitions » Effective Interest Rate on Debt %

Everyday People Financial (TSXV:EPF) Effective Interest Rate on Debt % : 18.79% (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Everyday People Financial 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. Everyday People Financial's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$2.95 Mil. Everyday People Financial's average total debt for the quarter that ended in Sep. 2024 was C$15.69 Mil. Therefore, Everyday People Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 18.79%.


Everyday People Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Everyday People Financial'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.

* Premium members only.

Everyday People Financial Effective Interest Rate on Debt % Chart

Everyday People Financial Annual Data
Trend Jul20 Jul21 Jul22 Dec23
Effective Interest Rate on Debt %
- - - 11.87

Everyday People Financial Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only 9.56 18.16 13.25 17.09 18.79

Competitive Comparison of Everyday People Financial's Effective Interest Rate on Debt %

For the Credit Services subindustry, Everyday People Financial'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.


Everyday People Financial's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Everyday People Financial's Effective Interest Rate on Debt % distribution charts can be found below:

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


;
;

Everyday People Financial Effective Interest Rate on Debt % Calculation

Everyday People Financial'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: Jul. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -2.441/( (0+20.559)/ 1 )
=-1  *  -2.441/20.559
=11.87 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.22 + 8.339
=20.559

Everyday People Financial'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: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -2.948/( (17.134+14.252)/ 2 )
=-1  *  -2.948/15.693
=18.79 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.092 + 11.042
=17.134

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.132 + 8.12
=14.252

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


Everyday People Financial  (TSXV:EPF) Effective Interest Rate on Debt % Explanation

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


Everyday People Financial Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Everyday People Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Everyday People Financial Business Description

Traded in Other Exchanges
Address
11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7
Everyday People Financial Corp is a financial services provider. Through its technology-driven ecosystem, alternative and specialty credit financing programs it offers credit and payment cards, homeownership facilitation, consumer lending, and payment management among other services. The reportable operating segments of the company are; Financial services, EP Homes facilitation services, Revenue cycle management services, and Contract receivable services. The majority of the company's revenue is derived from its Revenue cycle management services segment which provides debt collection services for corporations that have past due and default accounts. Geographically, the company generates a majority of its revenue from Canada followed by the United Kingdom and the United States of America.
Executives
Scott Cleghorn Sinclair Director
Amy Marie Ter Haar Director
Tyler John Hatch Senior Officer
Darren David Colin Wagner Senior Officer
Adelhardt Hermann Glombick Senior Officer
Dilpreet Singh Boparai Senior Officer
Rajvir Jassar Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Graham Rankin Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Carrie Lee Reykdal 10% Security Holder, Director or Senior Officer of 10% Security Holder
Gordon Reykdal Director, Senior Officer
Allan Scullion Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Heidi Roszmann Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Peter Sorrentino Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Everyday People Financial Headlines

No Headlines