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Providence Resources (Providence Resources) Effective Interest Rate on Debt % : 13.63% (As of Dec. 2012)


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What is Providence Resources 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. Providence Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2012 was $1.54 Mil. Providence Resources's average total debt for the quarter that ended in Dec. 2012 was $11.27 Mil. Therefore, Providence Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2012 was 13.63%.


Providence Resources Effective Interest Rate on Debt % Historical Data

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

Providence Resources Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.41 47.00 25.27 12.42 13.63

Providence Resources Semi-Annual Data
Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
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 41.41 47.00 25.27 12.42 13.63

Competitive Comparison of Providence Resources's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Providence Resources'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.


Providence Resources's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

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



Providence Resources Effective Interest Rate on Debt % Calculation

Providence Resources'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: Dec. 2011 )+Total Debt  (A: Dec. 2012 ))/ count )
=-1  *  -1.536/( (11.27+11.27)/ 2 )
=-1  *  -1.536/11.27
=13.63 %

where

Providence Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2011 )+Total Debt  (Q: Dec. 2012 ))/ count )
=-1  *  -1.536/( (11.27+11.27)/ 2 )
=-1  *  -1.536/11.27
=13.63 %

where

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


Providence Resources  (OTCPK:PVRS) Effective Interest Rate on Debt % Explanation

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


Providence Resources Effective Interest Rate on Debt % Related Terms

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Providence Resources (Providence Resources) Business Description

Traded in Other Exchanges
N/A
Address
8 Yongfeng Street, Liangzhou District, Gansu Province, Wuwei, CHN, 621101
Providence Resources Inc is a shell company.

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