APPlife Digital Solutions (APPlife Digital Solutions) Effective Interest Rate on Debt % : 81.63% (As of Mar. 2024)

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What is APPlife Digital Solutions 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. APPlife Digital Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.64 Mil. APPlife Digital Solutions's average total debt for the quarter that ended in Mar. 2024 was $0.78 Mil. Therefore, APPlife Digital Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 81.63%.

APPlife Digital Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for APPlife Digital Solutions'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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APPlife Digital Solutions Effective Interest Rate on Debt % Chart

APPlife Digital Solutions Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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19.44

62.73

59.03

56.58

157.32

APPlife Digital Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															199.33	171.13	124.52	152.61	81.63

Competitive Comparison of APPlife Digital Solutions's Effective Interest Rate on Debt %

For the Software - Application subindustry, APPlife Digital Solutions'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.

APPlife Digital Solutions's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

APPlife Digital Solutions Effective Interest Rate on Debt % Calculation

APPlife Digital Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.645	/	( (0.389	+	0.431)	/ 2 )
=	-1 * -0.645	/	0.41
=	157.32 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.1	+	0.289
=	0.389

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.152	+	0.279
=	0.431

APPlife Digital Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.64	/	( (0.707	+	0.861)	/ 2 )
=	-1 * -0.64	/	0.784
=	81.63 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.148	+	0.559
=	0.707

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.125	+	0.736
=	0.861

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

APPlife Digital Solutions (OTCPK:ALDS) Effective Interest Rate on Debt % Explanation

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

APPlife Digital Solutions Effective Interest Rate on Debt % Related Terms

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APPlife Digital Solutions (APPlife Digital Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » APPlife Digital Solutions Inc (OTCPK:ALDS) » Definitions » Effective Interest Rate on Debt %

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Address

50 California Street, Suite 1500, San Francisco, CA, USA, 94111

Website

https://www.applifedigital.com

APPlife Digital Solutions Inc is involved in using digital technology to create APPs and websites. The projects of the company include apps namely B2BCHX, DRINX, OFFICEHOP, and ROOSTER. It uses digital technology to create and invest in e-commerce and cloud-based solutions.