Eco-Tek Group (Eco-Tek Group) Effective Interest Rate on Debt % : 8.50% (As of Sep. 2013)

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What is Eco-Tek Group 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. Eco-Tek Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2013 was $0.06 Mil. Eco-Tek Group's average total debt for the quarter that ended in Sep. 2013 was $0.66 Mil. Therefore, Eco-Tek Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 was 8.50%.

Eco-Tek Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Eco-Tek Group'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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Eco-Tek Group Effective Interest Rate on Debt % Chart

Eco-Tek Group Annual Data

Trend

Jun09

Jun10

Jun11

Dec12

Effective Interest Rate on Debt %

200.00

206.90

80.38

Eco-Tek Group Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															116.53	147.63	10.82	9.33	8.50

Competitive Comparison of Eco-Tek Group's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Eco-Tek Group'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.

Eco-Tek Group's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Eco-Tek Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Eco-Tek Group's Effective Interest Rate on Debt % falls into.

Eco-Tek Group Effective Interest Rate on Debt % Calculation

Eco-Tek Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2011 )	+	Total Debt (A: Dec. 2012 ))	/ count )
=	-1 * -0.17	/	( (0.028	+	0.395)	/ 2 )
=	-1 * -0.17	/	0.2115
=	80.38 %

where

	Total Debt (A: Jun. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.028
=	0.028

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.395
=	0.395

Eco-Tek Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2013 )	+	Total Debt (Q: Sep. 2013 ))	/ count )
=	-1 * -0.056	/	( (0.634	+	0.684)	/ 2 )
=	-1 * -0.056	/	0.659
=	8.50 %

where

	Total Debt (Q: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.634
=	0.634

	Total Debt (Q: Sep. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.684
=	0.684

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

Eco-Tek Group (OTCPK:ETEK) Effective Interest Rate on Debt % Explanation

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

Eco-Tek Group Effective Interest Rate on Debt % Related Terms

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Eco-Tek Group (Eco-Tek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eco-Tek Group Inc (OTCPK:ETEK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1910 Thomes Avenue, Cheyenne, WY, USA, 82001

Website

https://www.emergentcompliance.com

Eco-Tek Group Inc is a shell company. The company currently has no operations.

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