Hello Pal International (XCNQ:HP) Effective Interest Rate on Debt % : 22.12% (As of Feb. 2023)

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What is Hello Pal International 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. Hello Pal International's annualized positive value of Interest Expense for the quarter that ended in Feb. 2023 was C$0.02 Mil. Hello Pal International's average total debt for the quarter that ended in Feb. 2023 was C$0.11 Mil. Therefore, Hello Pal International's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 was 22.12%.

Hello Pal International Effective Interest Rate on Debt % Historical Data

The historical data trend for Hello Pal International'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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Hello Pal International Effective Interest Rate on Debt % Chart

Hello Pal International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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18.51

18.18

31.06

77.63

25.37

Hello Pal International Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Aug22	Nov22	Feb23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															21.05	371.01	18.96	35.87	22.12

Competitive Comparison of Hello Pal International's Effective Interest Rate on Debt %

For the Software - Application subindustry, Hello Pal International'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.

Hello Pal International's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Hello Pal International Effective Interest Rate on Debt % Calculation

Hello Pal International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -0.026	/	( (0.098	+	0.107)	/ 2 )
=	-1 * -0.026	/	0.1025
=	25.37 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.089	+	0.009
=	0.098

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0.106
=	0.107

Hello Pal International's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2022 )	+	Total Debt (Q: Feb. 2023 ))	/ count )
=	-1 * -0.024	/	( (0.11	+	0.107)	/ 2 )
=	-1 * -0.024	/	0.1085
=	22.12 %

where

	Total Debt (Q: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.096	+	0.014
=	0.11

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0.106
=	0.107

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

Hello Pal International (XCNQ:HP) Effective Interest Rate on Debt % Explanation

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

Hello Pal International Effective Interest Rate on Debt % Related Terms

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Hello Pal International (XCNQ:HP) Business Description

Industry

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HLLPF:USA

Address

200 - 550 Denman Street, Vancouver, BC, CAN, V6G 3H1

Website

https://www.hellopal.com

Hello Pal International Inc is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning, and travel. It has been designed from the ground up to be easy to use and enables users the freedom to speak in their own language regardless of the other person's language they are speaking. The firm operates in two different reportable segments international live-streaming segment, which provides online live-streaming services. and Cryptocurrency mining segment, which provides cryptocurrency computing services to blockchain platforms, and the majority of its revenue comes from live streaming segments.