GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (NYSE:PSTG) » Definitions » Effective Interest Rate on Debt %

Pure Storage (Pure Storage) Effective Interest Rate on Debt % : 3.00% (As of Jan. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Pure Storage 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. Pure Storage's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $8 Mil. Pure Storage's average total debt for the quarter that ended in Jan. 2024 was $272 Mil. Therefore, Pure Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.00%.


Pure Storage Effective Interest Rate on Debt % Historical Data

The historical data trend for Pure Storage'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.

* Premium members only.

Pure Storage Effective Interest Rate on Debt % Chart

Pure Storage Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.33 4.17 4.02 0.57 1.46

Pure Storage Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.61 1.07 2.78 3.03 3.00

Competitive Comparison of Pure Storage's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Pure Storage'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.


Pure Storage's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Pure Storage Effective Interest Rate on Debt % Calculation

Pure Storage's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -7.483/( (756.118+272.073)/ 2 )
=-1  *  -7.483/514.0955
=1.46 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.473 + 613.645
=756.118

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=223.201 + 48.872
=272.073

Pure Storage's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -8.168/( (272.265+272.073)/ 2 )
=-1  *  -8.168/272.169
=3.00 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.388 + 49.877
=272.265

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=223.201 + 48.872
=272.073

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Pure Storage  (NYSE:PSTG) Effective Interest Rate on Debt % Explanation

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


Pure Storage Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Pure Storage's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Pure Storage (Pure Storage) Business Description

Industry
Traded in Other Exchanges
Address
650 Castro Street, Suite 400, Mountain View, CA, USA, 94041
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Executives
P. Kevan Krysler officer: Chief Financial Officer 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Roxanne Taylor director PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Gregory Tomb director 650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041
Mona Chu officer: Chief Accounting Officer 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Mallun Yen director 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Brown Andrew William Fraser director C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
John Francis Murphy director 2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Dan Fitzsimons officer: Chief Revenue Officer C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Ajay Singh officer: Chief Product Officer PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Anita M Sands director 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Scott Dietzen director, officer: Chief Executive Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Paul S Mountford officer: Chief Operating Officer 950 WEST MAUDE AVE, SUNNYVALE CA 94085
Timothy Riitters officer: Chief Financial Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Taylor Susan J.s. director C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
John Colgrove director, officer: Chief Technology Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041