ProVen VCT (LSE:PVN) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2023)

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What is ProVen VCT 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. ProVen VCT's annualized positive value of Interest Expense for the quarter that ended in Feb. 2023 was £0.00 Mil. ProVen VCT's average total debt for the quarter that ended in Feb. 2023 was £0.00 Mil. Therefore, ProVen VCT's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 was N/A%.

ProVen VCT Effective Interest Rate on Debt % Historical Data

The historical data trend for ProVen VCT'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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ProVen VCT Effective Interest Rate on Debt % Chart

ProVen VCT Annual Data

Trend

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Effective Interest Rate on Debt %

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ProVen VCT Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of ProVen VCT's Effective Interest Rate on Debt %

For the Asset Management subindustry, ProVen VCT'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.

ProVen VCT's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

ProVen VCT Effective Interest Rate on Debt % Calculation

ProVen VCT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

ProVen VCT's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2022 )	+	Total Debt (Q: Feb. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

ProVen VCT (LSE:PVN) Effective Interest Rate on Debt % Explanation

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

ProVen VCT Effective Interest Rate on Debt % Related Terms

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ProVen VCT (LSE:PVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ProVen VCT PLC (LSE:PVN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

55 Drury Lane, Charter House, London, GBR, WC2B 5SQ

Website

https://www.provenvcts.co.uk

ProVen VCT PLC is a United Kingdom-based venture capital trust. Its investment objectives are to achieve a total return greater than that available from direct investment in quoted businesses by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments.

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