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Corinthian Colleges (FRA:CH7) Effective Interest Rate on Debt % : 3.73% (As of Jun. 2013)


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What is Corinthian Colleges 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. Corinthian Colleges's annualized positive value of Interest Expense for the quarter that ended in Jun. 2013 was €4 Mil. Corinthian Colleges's average total debt for the quarter that ended in Jun. 2013 was €112 Mil. Therefore, Corinthian Colleges's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2013 was 3.51%.


Corinthian Colleges Effective Interest Rate on Debt % Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Effective Interest Rate on Debt % Chart

Corinthian Colleges Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 2.95 2.43 4.17 3.51

Corinthian Colleges Semi-Annual Data
Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
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 9.51 1.59 2.57 6.13 3.73

Competitive Comparison of Corinthian Colleges's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Corinthian Colleges'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.


Corinthian Colleges's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Corinthian Colleges's Effective Interest Rate on Debt % distribution charts can be found below:

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



Corinthian Colleges Effective Interest Rate on Debt % Calculation

Corinthian Colleges's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2012 )+Total Debt  (A: Jun. 2013 ))/ count )
=-1  *  -3.929/( (118.733+105.426)/ 2 )
=-1  *  -3.929/112.0795
=3.51 %

where

Total Debt  (A: Jun. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=115.473 + 3.26
=118.733

Total Debt  (A: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.709 + 3.717
=105.426

Corinthian Colleges's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2012 )+Total Debt  (Q: Jun. 2013 ))/ count )
=-1  *  -3.929/( (118.733+105.426)/ 2 )
=-1  *  -3.929/112.0795
=3.51 %

where

Total Debt  (Q: Jun. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=115.473 + 3.26
=118.733

Total Debt  (Q: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.709 + 3.717
=105.426

* 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 one times the annual (Jun. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Corinthian Colleges  (FRA:CH7) Effective Interest Rate on Debt % Explanation

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


Corinthian Colleges Effective Interest Rate on Debt % Related Terms

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Corinthian Colleges (FRA:CH7) Business Description

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Address
Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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