iGate (FRA:MS4) Effective Interest Rate on Debt % : 4.66% (As of Mar. 2015)

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What is iGate 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. iGate's annualized positive value of Interest Expense for the quarter that ended in Mar. 2015 was €27 Mil. iGate's average total debt for the quarter that ended in Mar. 2015 was €586 Mil. Therefore, iGate's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2015 was 4.66%.

iGate Effective Interest Rate on Debt % Historical Data

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

iGate Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Effective Interest Rate on Debt %

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49.40

12.24

8.50

7.37

5.70

iGate Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.96	5.14	4.58	4.15	4.66

Competitive Comparison of iGate's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, iGate'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.

iGate's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, iGate's Effective Interest Rate on Debt % distribution charts can be found below:

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

iGate Effective Interest Rate on Debt % Calculation

iGate's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2013 )	+	Total Debt (A: Dec. 2014 ))	/ count )
=	-1 * -40.479	/	( (862.86	+	556.346)	/ 2 )
=	-1 * -40.479	/	709.603
=	5.70 %

where

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	496.4	+	366.46
=	862.86

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	453.349	+	102.997
=	556.346

iGate's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2014 )	+	Total Debt (Q: Mar. 2015 ))	/ count )
=	-1 * -27.308	/	( (556.346	+	615.384)	/ 2 )
=	-1 * -27.308	/	585.865
=	4.66 %

where

	Total Debt (Q: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	453.349	+	102.997
=	556.346

	Total Debt (Q: Mar. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	516.516	+	98.868
=	615.384

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. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

iGate (FRA:MS4) Effective Interest Rate on Debt % Explanation

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

iGate Effective Interest Rate on Debt % Related Terms

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iGate (FRA:MS4) Business Description

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Address

Website

http://www.igate.com

Igate Corp was founded in 1986. The Company is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services. The Company delivers various IT services through international integrated onsite and offshore delivery locations mainly in India. The Company provides its services to customers through industry focused practices, including insurance and healthcare (IHC), manufacturing, retail and logistics (MRDL), banking and financial services (BFS"), communications and utilities (CEU), and media and entertainment (MELT) and through technology focused practices. It offers services to customers through industry focused practices, including insurance and healthcare, life sciences, manufacturing, retail and logistics, banking and financial services, communications, energy and utilities, product and engineering solutions, government solutions and media and entertainment. Its IT and IT-enabled services include application development, application management, verification and validation, enterprise application solutions, business intelligence and data warehousing, infrastructure management services, enterprise mobility, cloud services, embedded systems development, engineering design services, IT consulting, IT governance and customized learning solutions, business process outsourcing ("BPO") and customer interaction services. The Company has operations in India, Canada, the United States, Europe, Mexico, Singapore, Malaysia, Japan, Australia, the United Arab Emirates, South Africa, Turkey, South Korea, China, Switzerland and the United Kingdom. The Company delivers effective solutions to more than 360 Fortune 1000 clients. The Company's main competitors in the IT and IT enabled outsourcing industry include IT outsourcing firms, consulting firms, systems integration-firms and general management consulting firms such as Tata Consultancy Services Limited, Infosys Technologies Limited, Cognizant Technology Solutions Corporation, Wipro Limited, Genpact Limited, WNS (Holdings) Limited, EXLService Holdings Inc., Syntel Inc., Mindtree Limited, and Hexaware Technologies Limited. The Company is subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as anticorruption, import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, immigration, internal and disclosure control obligations, securities regulation, anti-competition, data privacy and labor relations.

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