ZPAS (Zoompass Holdings) Effective Interest Rate on Debt %: 17.66% (As of Dec. 2020)


What is Zoompass Holdings Effective Interest Rate on Debt %?

Zoompass Holdings ZPAS Effective Interest Rate on Debt % is 17.66% as of Dec. 2020.

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. Zoompass Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $0.26 Mil. Zoompass Holdings's average total debt for the quarter that ended in Dec. 2020 was $1.50 Mil. Therefore, Zoompass Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 17.66%.

Zoompass Holdings  (OTCPK:ZPAS) Effective Interest Rate on Debt % Explanation

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

Zoompass Holdings Effective Interest Rate on Debt % Related Terms

Zoompass Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Zoompass Holdings'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.

Zoompass Holdings Effective Interest Rate on Debt % Chart

Zoompass Holdings Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 10.66 2.94 0.00 8.96

Zoompass Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 23.90 17.66

ZPAS vs GVP, BSQR, FALC: Effective Interest Rate on Debt % Comparison

For the Software - Infrastructure subindustry, Zoompass Holdings'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.

Zoompass Holdings Effective Interest Rate on Debt % vs Software Industry

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

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


Zoompass Holdings Effective Interest Rate on Debt % Calculation

Zoompass Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -0.127/( (0+1.417)/ 1 )
=-1  *  -0.127/1.417
=8.96 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.651 + 0.766
=1.417

Zoompass Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2020 )+Total Debt  (Q: Dec. 2020 ))/ count )
=-1  *  -0.264/( (1.573+1.417)/ 2 )
=-1  *  -0.264/1.495
=17.66 %

where

Total Debt  (Q: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.49 + 1.083
=1.573

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.651 + 0.766
=1.417

* 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 (Dec. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 17.66% mean?
Zoompass Holdings (ZPAS) has a Effective Interest Rate on Debt % of 17.66% as of Dec. 2020. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Zoompass Holdings and its competitors.
Is Zoompass Holdings' Effective Interest Rate on Debt % too high?
Zoompass Holdings' current Effective Interest Rate on Debt % is 17.66%.
How does Zoompass Holdings' Effective Interest Rate on Debt % compare to GVP and BSQR?
Zoompass Holdings' Effective Interest Rate on Debt % of 17.66% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Software company?
A good Effective Interest Rate on Debt % depends on the Software industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Zoompass Holdings and its competitors. Zoompass Holdings's current Effective Interest Rate on Debt % is 17.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zoompass Holdings stock overvalued right now?
Zoompass Holdings (ZPAS) has a current Effective Interest Rate on Debt % of 17.66%. The current Effective Interest Rate on Debt % is 17.66%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Zoompass Holdings (ZPAS), the current Effective Interest Rate on Debt % is 17.66% as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Zoompass Holdings Business Description

Address 2455 Cawthra Road, Suite 75, Mississauga, ON, CAN, L5A3P1
Zoompass Holdings Inc is a Fintech company that develops and acquires software platforms and services. The firm offers Prepaid cards, Mobility solutions, cryptocurrency platform operations, research, development, strategical planning solutions and others. The business operating segment includes the rendering of professional services. Main Business assets consist of technology IP related to cryptocurrency exchange/wallet, certain strategic partnerships and customer contracts. Substantial revenue accrues from time basis billing for IT professional services to customers.