Premier Health Of America (TSXV:PHA) Effective Interest Rate on Debt % : 11.98% (As of Dec. 2023)

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What is Premier Health Of America 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. Premier Health Of America's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$4.8 Mil. Premier Health Of America's average total debt for the quarter that ended in Dec. 2023 was C$40.4 Mil. Therefore, Premier Health Of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.98%.

Premier Health Of America Effective Interest Rate on Debt % Historical Data

The historical data trend for Premier Health Of America'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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Premier Health Of America Effective Interest Rate on Debt % Chart

Premier Health Of America Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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7.33

12.21

5.39

7.84

Premier Health Of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.09	6.57	5.68	11.43	11.98

Competitive Comparison of Premier Health Of America's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Premier Health Of America'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.

Premier Health Of America's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Premier Health Of America's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Premier Health Of America's Effective Interest Rate on Debt % falls into.

Premier Health Of America Effective Interest Rate on Debt % Calculation

Premier Health Of America's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -1.964	/	( (22.838	+	27.267)	/ 2 )
=	-1 * -1.964	/	25.0525
=	7.84 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.875	+	0.963
=	22.838

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.407	+	0.86
=	27.267

Premier Health Of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.836	/	( (27.267	+	53.459)	/ 2 )
=	-1 * -4.836	/	40.363
=	11.98 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.407	+	0.86
=	27.267

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.945	+	3.514
=	53.459

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Premier Health Of America (TSXV:PHA) Effective Interest Rate on Debt % Explanation

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

Premier Health Of America Effective Interest Rate on Debt % Related Terms

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Premier Health Of America (TSXV:PHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Premier Health Of America Inc (TSXV:PHA) » Definitions » Effective Interest Rate on Debt %

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Address

1114 boul. Cure-Labelle, Suite 1, Blainville, QC, CAN, J7C 2M9

Website

https://www.premiersoin.ca

Premier Health Of America Inc is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions for healthcare needs to governments, corporations, and individuals. The company uses its proprietary platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper and more accessible care services.