Proeduca Altus (XMAD:PRO) Effective Interest Rate on Debt % : 88.61% (As of Aug. 2023)

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What is Proeduca Altus 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. Proeduca Altus's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was €0.1 Mil. Proeduca Altus's average total debt for the quarter that ended in Aug. 2023 was €0.2 Mil. Therefore, Proeduca Altus's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 88.61%.

Proeduca Altus Effective Interest Rate on Debt % Historical Data

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

Proeduca Altus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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9.09

429.09

35.44

31.80

62.66

Proeduca Altus Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							34.06	25.89	47.90	44.94	88.61

Competitive Comparison of Proeduca Altus's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Proeduca Altus'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.

Proeduca Altus's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Proeduca Altus's Effective Interest Rate on Debt % distribution charts can be found below:

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

Proeduca Altus Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.12	/	( (0.256	+	0.127)	/ 2 )
=	-1 * -0.12	/	0.1915
=	62.66 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.134	+	0.122
=	0.256

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.06	+	0.067
=	0.127

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -0.14	/	( (0.189	+	0.127)	/ 2 )
=	-1 * -0.14	/	0.158
=	88.61 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.097	+	0.092
=	0.189

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.06	+	0.067
=	0.127

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

Proeduca Altus (XMAD:PRO) Effective Interest Rate on Debt % Explanation

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

Proeduca Altus Effective Interest Rate on Debt % Related Terms

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Proeduca Altus (XMAD:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Proeduca Altus SA (XMAD:PRO) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Avenue De La Paz 137, Logrono, ESP, 26006

Website

https://www.grupoproeduca.com

Proeduca Altus SA is engaged in the business of providing online education. The business has its presence in Spain, Ecuador, Colombia, Mexico, Peru, Argentina, Bolivia and the USA.