PAL (Proficient Auto Logistics) Effective Interest Rate on Debt % : 3.68% (As of Jun. 2024)

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What is Proficient Auto Logistics 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. Proficient Auto Logistics's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $2.56 Mil. Proficient Auto Logistics's average total debt for the quarter that ended in Jun. 2024 was $69.49 Mil. Therefore, Proficient Auto Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.68%.

Proficient Auto Logistics Effective Interest Rate on Debt % Historical Data

The historical data trend for Proficient Auto Logistics'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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Proficient Auto Logistics Effective Interest Rate on Debt % Chart

Proficient Auto Logistics Annual Data

Trend

Dec23

Effective Interest Rate on Debt %

Proficient Auto Logistics Quarterly Data
	Mar23	Jun23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	-	-	-	2.94	3.68

Competitive Comparison of Proficient Auto Logistics's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.

Proficient Auto Logistics's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Proficient Auto Logistics's Effective Interest Rate on Debt % falls into.

Proficient Auto Logistics Effective Interest Rate on Debt % Calculation

Proficient Auto Logistics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

Proficient Auto Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -2.56	/	( (0	+	69.492)	/ 1 )
=	-1 * -2.56	/	69.492
=	3.68 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.895	+	23.597
=	69.492

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

Proficient Auto Logistics (NAS:PAL) Effective Interest Rate on Debt % Explanation

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

Proficient Auto Logistics Effective Interest Rate on Debt % Related Terms

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Proficient Auto Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Proficient Auto Logistics Inc (NAS:PAL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223

Website

https://www.proautogistics.com

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.