Personas Socialorporated (TSXV:PRSN) Effective Interest Rate on Debt % : 12.12% (As of Dec. 2023)

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What is Personas Socialorporated 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. Personas Socialorporated's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.05 Mil. Personas Socialorporated's average total debt for the quarter that ended in Dec. 2023 was C$0.43 Mil. Therefore, Personas Socialorporated's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.12%.

Personas Socialorporated Effective Interest Rate on Debt % Historical Data

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

Personas Socialorporated Annual Data

Trend

May13

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.79

23.18

20.84

12.90

12.26

Personas Socialorporated Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.78	21.75	12.32	12.42	12.12

Competitive Comparison of Personas Socialorporated's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Personas Socialorporated'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.

Personas Socialorporated's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Personas Socialorporated's Effective Interest Rate on Debt % distribution charts can be found below:

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

Personas Socialorporated Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.057	/	( (0.492	+	0.438)	/ 2 )
=	-1 * -0.057	/	0.465
=	12.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.088	+	0.404
=	0.492

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.127	+	0.311
=	0.438

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.052	/	( (0.42	+	0.438)	/ 2 )
=	-1 * -0.052	/	0.429
=	12.12 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0.366
=	0.42

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.127	+	0.311
=	0.438

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

Personas Socialorporated (TSXV:PRSN) Effective Interest Rate on Debt % Explanation

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

Personas Socialorporated Effective Interest Rate on Debt % Related Terms

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Personas Socialorporated (TSXV:PRSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Personas Social Incorporated (TSXV:PRSN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

PRSNF:USA 3PP1:Germany

Address

1 Yonge Street, Floor 18, Toronto, ON, CAN, M5E 1W7

Website

https://www.personas.com

Personas Social Incorporated is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.

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