PayPoint (LSE:PAY) Effective Interest Rate on Debt % : 7.78% (As of Sep. 2023)

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What is PayPoint 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. PayPoint's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £8.1 Mil. PayPoint's average total debt for the quarter that ended in Sep. 2023 was £104.6 Mil. Therefore, PayPoint's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.78%.

PayPoint Effective Interest Rate on Debt % Historical Data

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

PayPoint Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.88

1.78

2.95

3.57

PayPoint Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.17	4.21	4.58	4.54	7.78

Competitive Comparison of PayPoint's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, PayPoint'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.

PayPoint's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

PayPoint Effective Interest Rate on Debt % Calculation

PayPoint's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -2.718	/	( (51.794	+	100.419)	/ 2 )
=	-1 * -2.718	/	76.1065
=	3.57 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.951	+	39.843
=	51.794

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.787	+	59.632
=	100.419

PayPoint's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -8.132	/	( (100.419	+	108.757)	/ 2 )
=	-1 * -8.132	/	104.588
=	7.78 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.787	+	59.632
=	100.419

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.687	+	68.07
=	108.757

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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PayPoint (LSE:PAY) Effective Interest Rate on Debt % Explanation

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

PayPoint Effective Interest Rate on Debt % Related Terms

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PayPoint (LSE:PAY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PayPoint PLC (LSE:PAY) » Definitions » Effective Interest Rate on Debt %

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PYPTF:USA PAYl:UK

Address

1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, GBR, AL7 1EL

Website

https://www.paypoint.com

PayPoint PLC is a United Kingdom-based company that provides consumer transaction services. The company's solutions help clients control household finances, essential payments, and in-store services. The company's operations involve processing high-volume transactions, managing retailers and clients, selling funds, and transmitting data. PayPoint's network covers convenience stores and numerous outlets, where clients can use the company's solutions to make energy meter prepayments, bill payments, benefit payments, mobile phone top-ups, cash withdrawals, and other services. The company generates the majority of its revenue from the UK.