Parkit Enterprise (TSXV:PKT) Effective Interest Rate on Debt % : 5.05% (As of Dec. 2023)

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What is Parkit Enterprise 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. Parkit Enterprise's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$8.39 Mil. Parkit Enterprise's average total debt for the quarter that ended in Dec. 2023 was C$166.01 Mil. Therefore, Parkit Enterprise's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.05%.

Parkit Enterprise Effective Interest Rate on Debt % Historical Data

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

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.38

4.39

6.10

Parkit Enterprise Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.64	4.00	5.36	5.15	5.05

Competitive Comparison of Parkit Enterprise's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Effective Interest Rate on Debt % distribution charts can be found below:

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

Parkit Enterprise Effective Interest Rate on Debt % Calculation

Parkit Enterprise'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 * -7.462	/	( (76.353	+	168.436)	/ 2 )
=	-1 * -7.462	/	122.3945
=	6.10 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.353	+	0
=	76.353

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.436	+	0
=	168.436

Parkit Enterprise'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 * -8.388	/	( (163.584	+	168.436)	/ 2 )
=	-1 * -8.388	/	166.01
=	5.05 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	163.584	+	0
=	163.584

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.436	+	0
=	168.436

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.

Parkit Enterprise (TSXV:PKT) Effective Interest Rate on Debt % Explanation

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

Parkit Enterprise Effective Interest Rate on Debt % Related Terms

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Parkit Enterprise (TSXV:PKT) Business Description

Industry

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PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

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