Pineapple (Pineapple) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Pineapple 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. Pineapple's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Pineapple's average total debt for the quarter that ended in Sep. 2023 was $7.32 Mil. Therefore, Pineapple's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Pineapple Effective Interest Rate on Debt % Historical Data

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

Pineapple Annual Data

Trend

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Dec22

Effective Interest Rate on Debt %

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Pineapple Quarterly Data
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Competitive Comparison of Pineapple's Effective Interest Rate on Debt %

For the Pharmaceutical Retailers subindustry, Pineapple'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.

Pineapple's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pineapple's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pineapple Effective Interest Rate on Debt % Calculation

Pineapple's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.907	+	0.051)	/ 2 )
=	-1 * 0	/	0.479
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.907
=	0.907

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.051
=	0.051

Pineapple'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (6.447	+	8.193)	/ 2 )
=	-1 * 0	/	7.32
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.338	+	1.109
=	6.447

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.508	+	1.685
=	8.193

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

Pineapple (OTCPK:PNPL) Effective Interest Rate on Debt % Explanation

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

Pineapple Effective Interest Rate on Debt % Related Terms

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Pineapple (Pineapple) Business Description

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Address

10351 Santa Monica Boulevard, Suite 420, Los Angeles, CA, USA, 90025

Website

https://pineappleinc.com

Pineapple Inc Formerly Pineapple Express Inc through its subsidiary provides expert consulting, product licensing, and capital to help distinguish and grow new and existing businesses within the cannabis industry. Primarily the group is involved in purchase and lease of real estate property, offering consulting services and technology to develop and enhance canna-businesses. It derives most of the revenue from of rent and tent reimbursements source.