Canal Capital (Canal Capital) Effective Interest Rate on Debt % : 8.47% (As of Jul. 2012)

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What is Canal 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. Canal Capital's annualized positive value of Interest Expense for the quarter that ended in Jul. 2012 was $0.08 Mil. Canal Capital's average total debt for the quarter that ended in Jul. 2012 was $0.94 Mil. Therefore, Canal Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2012 was 8.47%.

Canal Capital Effective Interest Rate on Debt % Historical Data

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

Canal Capital Annual Data

Trend

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Effective Interest Rate on Debt %

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8.46

10.35

11.30

6.57

Canal Capital Quarterly Data
	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.43	5.94	5.93	7.00	8.47

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

For the Real Estate - Development subindustry, Canal 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.

Canal Capital's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Canal Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Canal Capital Effective Interest Rate on Debt % Calculation

Canal Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2011 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2010 )	+	Total Debt (A: Oct. 2011 ))	/ count )
=	-1 * -0.085	/	( (1.176	+	1.412)	/ 2 )
=	-1 * -0.085	/	1.294
=	6.57 %

where

	Total Debt (A: Oct. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.022	+	0.154
=	1.176

	Total Debt (A: Oct. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.306	+	0.106
=	1.412

Canal Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2012 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2012 )	+	Total Debt (Q: Jul. 2012 ))	/ count )
=	-1 * -0.08	/	( (1.209	+	0.679)	/ 2 )
=	-1 * -0.08	/	0.944
=	8.47 %

where

	Total Debt (Q: Apr. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.045	+	0.164
=	1.209

	Total Debt (Q: Jul. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.605	+	0.074
=	0.679

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 (Jul. 2012) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Canal Capital (OTCPK:COWP) Effective Interest Rate on Debt % Explanation

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

Canal Capital Effective Interest Rate on Debt % Related Terms

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Canal Capital (Canal Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Canal Capital Corp (OTCPK:COWP) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

4 Morris Street, Port Jefferson Station, New York, NY, USA, 11776

Website

Canal Capital Corp is engaged in stockyard operations and real estate business. It develops and restructures real estate lots surrounding its existing operating lease properties, stockyard operating properties & properties held for development or resale.

Executives

Asher B Edelman

other: Member of 10% Group

C/O PERINI CORP, 73 MT WAYTE AVE, FRAMINGHAM MA 01701

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