Prospect Park Capital (XCNQ:PPK) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2022)

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What is Prospect Park Capital 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. Prospect Park Capital's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was C$0.00 Mil. Prospect Park Capital's average total debt for the quarter that ended in Jun. 2022 was C$0.05 Mil. Therefore, Prospect Park Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 0.00%.

Prospect Park Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Prospect Park Capital'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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Prospect Park Capital Effective Interest Rate on Debt % Chart

Prospect Park Capital Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Effective Interest Rate on Debt %

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9.00

2.00

Prospect Park Capital Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	7.41	-	-

Competitive Comparison of Prospect Park Capital's Effective Interest Rate on Debt %

For the Software - Application subindustry, Prospect Park Capital'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.

Prospect Park Capital's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Prospect Park Capital Effective Interest Rate on Debt % Calculation

Prospect Park Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2020 )	+	Total Debt (A: Sep. 2021 ))	/ count )
=	-1 * -0.002	/	( (0.1	+	0)	/ 1 )
=	-1 * -0.002	/	0.1
=	2.00 %

where

	Total Debt (A: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.1
=	0.1

	Total Debt (A: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Prospect Park Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * 0	/	( (0.054	+	0.054)	/ 2 )
=	-1 * 0	/	0.054
=	0.00 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.054
=	0.054

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.054
=	0.054

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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Prospect Park Capital (XCNQ:PPK) Effective Interest Rate on Debt % Explanation

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

Prospect Park Capital Effective Interest Rate on Debt % Related Terms

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Prospect Park Capital (XCNQ:PPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Prospect Park Capital Corp (XCNQ:PPK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

100 King Street West, Suite 6000, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E2

Website

Prospect Park Capital Corp is a technology issuer focused on highly scalable business-to-consumer communication platforms. It connects service providers with customers in the areas of health and education.

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