Prime Financial Group (ASX:PFG) Effective Interest Rate on Debt % : 8.42% (As of Dec. 2023)

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What is Prime Financial Group 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. Prime Financial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1.11 Mil. Prime Financial Group's average total debt for the quarter that ended in Dec. 2023 was A$13.19 Mil. Therefore, Prime Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.42%.

Prime Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Prime Financial Group'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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Prime Financial Group Effective Interest Rate on Debt % Chart

Prime Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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6.47

4.06

3.09

3.64

8.09

Prime Financial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.26	2.82	7.99	7.27	8.42

Competitive Comparison of Prime Financial Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Prime Financial Group'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.

Prime Financial Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Prime Financial Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Prime Financial Group Effective Interest Rate on Debt % Calculation

Prime Financial Group'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 * -0.746	/	( (7.147	+	11.295)	/ 2 )
=	-1 * -0.746	/	9.221
=	8.09 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.117	+	2.03
=	7.147

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.814	+	2.481
=	11.295

Prime Financial Group'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.11	/	( (11.295	+	15.077)	/ 2 )
=	-1 * -1.11	/	13.186
=	8.42 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.814	+	2.481
=	11.295

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.368	+	2.709
=	15.077

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

Prime Financial Group (ASX:PFG) Effective Interest Rate on Debt % Explanation

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

Prime Financial Group Effective Interest Rate on Debt % Related Terms

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Prime Financial Group (ASX:PFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prime Financial Group Ltd (ASX:PFG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

40 City Road, Level 17, HWT Tower, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.primefinancial.com.au

Prime Financial Group Ltd is an integrated accounting and business advisory, wealth management, and capital advisory company for business owners and family groups. It offers services accounting and tax compliance, start-up services, SME advisory, director and board services, life insurance, estate planning, lending and finance, transaction and restructuring services, superannuation, and others. Its segments are Accounting and Business Advisory plus Capital and the other to Wealth Management and Self- Managed Superannuation (SMSF). The company generates the majority of its revenue from Accounting and Business Advisory plus Capital.