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Ameritrans Capital (Ameritrans Capital) Effective Interest Rate on Debt % : 4.51% (As of Mar. 2013)


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What is Ameritrans Capital 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. Ameritrans Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2013 was $0.96 Mil. Ameritrans Capital's average total debt for the quarter that ended in Mar. 2013 was $21.18 Mil. Therefore, Ameritrans Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2013 was 4.51%.


Ameritrans Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Ameritrans Capital'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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Ameritrans Capital Effective Interest Rate on Debt % Chart

Ameritrans Capital Annual Data
Trend Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.77 4.15 4.91 5.76 5.47

Ameritrans Capital Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.97 4.84 4.89 4.89 4.51

Competitive Comparison of Ameritrans Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, Ameritrans Capital'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.


Ameritrans Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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



Ameritrans Capital Effective Interest Rate on Debt % Calculation

Ameritrans Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2011 )+Total Debt  (A: Jun. 2012 ))/ count )
=-1  *  -1.281/( (25.675+21.175)/ 2 )
=-1  *  -1.281/23.425
=5.47 %

where

Total Debt  (A: Jun. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.175 + 4.5
=25.675

Total Debt  (A: Jun. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.175 + 0
=21.175

Ameritrans Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2012 )+Total Debt  (Q: Mar. 2013 ))/ count )
=-1  *  -0.956/( (21.175+0)/ 1 )
=-1  *  -0.956/21.175
=4.51 %

where

Total Debt  (Q: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.175 + 0
=21.175

* 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.

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. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ameritrans Capital  (OTCPK:AMTCQ) Effective Interest Rate on Debt % Explanation

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


Ameritrans Capital Effective Interest Rate on Debt % Related Terms

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Ameritrans Capital (Ameritrans Capital) Business Description

Traded in Other Exchanges
N/A
Address
50 Jericho Quadrange, Suite 109, Jericho, NY, USA, 11753
Ameritrans Capital Corp is a closed-end investment company. The company makes loans and investments with the goal of generating both current income and capital appreciation.
Executives
Peter Boockvar director C/O MILLER TABAK + CO.,, 331 MADISON AVENUE, NEW YORK NY 10017
James E Mitchell 10 percent owner 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Richardson Kevin A Ii director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Prides Capital Partners, Llc director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Murray A Indick director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Michael Feinsod director, 10 percent owner, officer: CEO and President
Charles E Mccarthy director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Lawlor Henry J Jr director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Christian Puscasiu 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110

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