Pioneer Credit (ASX:PNC) Effective Interest Rate on Debt % : 13.57% (As of Dec. 2023)

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What is Pioneer Credit 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. Pioneer Credit's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$38.68 Mil. Pioneer Credit's average total debt for the quarter that ended in Dec. 2023 was A$285.03 Mil. Therefore, Pioneer Credit's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.57%.

Pioneer Credit Effective Interest Rate on Debt % Historical Data

The historical data trend for Pioneer Credit'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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Pioneer Credit Effective Interest Rate on Debt % Chart

Pioneer Credit Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.64

20.04

12.42

16.27

12.23

Pioneer Credit 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															24.35	10.01	11.39	12.85	13.57

Competitive Comparison of Pioneer Credit's Effective Interest Rate on Debt %

For the Credit Services subindustry, Pioneer Credit'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.

Pioneer Credit's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pioneer Credit's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pioneer Credit Effective Interest Rate on Debt % Calculation

Pioneer Credit'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 * -33.17	/	( (266.712	+	275.723)	/ 2 )
=	-1 * -33.17	/	271.2175
=	12.23 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	245.373	+	21.339
=	266.712

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.272	+	12.451
=	275.723

Pioneer Credit'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 * -38.68	/	( (275.723	+	294.341)	/ 2 )
=	-1 * -38.68	/	285.032
=	13.57 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.272	+	12.451
=	275.723

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	277.808	+	16.533
=	294.341

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.

Pioneer Credit (ASX:PNC) Effective Interest Rate on Debt % Explanation

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

Pioneer Credit Effective Interest Rate on Debt % Related Terms

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Pioneer Credit (ASX:PNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pioneer Credit Ltd (ASX:PNC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 St. Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.pioneercredit.com.au

Pioneer Credit Ltd provides financial services in Australia. Its primary business involves the acquisition and servicing of Purchased Debt Portfolios (PDPs). The company has launched its app, called Pioneer Path, which is a personal finance and budget management app that helps customers spend less, save more, and reduce debt.