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Atlas African Industries (LSE:AAI) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2016)


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What is Atlas African Industries 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. Atlas African Industries's annualized positive value of Interest Expense for the quarter that ended in Jun. 2016 was £0.00 Mil. Atlas African Industries's average total debt for the quarter that ended in Jun. 2016 was £0.04 Mil. Therefore, Atlas African Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 was 0.00%.

Atlas African Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Effective Interest Rate on Debt % Chart

Atlas African Industries Annual Data
Trend Dec11 Dec12 Jun13 Jun14
Effective Interest Rate on Debt %
- 14.37 - -

Atlas African Industries Semi-Annual Data
Dec11 Dec12 Dec13 Jun14 Dec14 Jun16
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - - 1,283.02 -

Competitive Comparison of Atlas African Industries's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Atlas African Industries'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.

Atlas African Industries's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas African Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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


Atlas African Industries Effective Interest Rate on Debt % Calculation

Atlas African Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2013 )+Total Debt  (A: Jun. 2014 ))/ count )
=-1  *  0/( (0.018+0.068)/ 2 )
=-1  *  0/0.043
=0.00 %

where

Total Debt  (A: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.018
=0.018

Total Debt  (A: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.068
=0.068

Atlas African Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2014 )+Total Debt  (Q: Jun. 2016 ))/ count )
=-1  *  0/( (0.038+0)/ 1 )
=-1  *  0/0.038
=0.00 %

where

Total Debt  (Q: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.038
=0.038

Total Debt  (Q: Jun. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

* 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 two times the semi-annual (Jun. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Atlas African Industries  (LSE:AAI) Effective Interest Rate on Debt % Explanation

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

Atlas African Industries Effective Interest Rate on Debt % Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
Website
http://www.atlassupport.com
Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

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