Signature Eyewear (Signature Eyewear) Effective Interest Rate on Debt % : 3.13% (As of Apr. 2011)

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What is Signature Eyewear 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. Signature Eyewear's annualized positive value of Interest Expense for the quarter that ended in Apr. 2011 was $0.13 Mil. Signature Eyewear's average total debt for the quarter that ended in Apr. 2011 was $4.21 Mil. Therefore, Signature Eyewear's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2011 was 3.13%.

Signature Eyewear Effective Interest Rate on Debt % Historical Data

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

Signature Eyewear Annual Data

Trend

Oct01

Oct02

Oct03

Oct04

Oct05

Oct06

Oct07

Oct08

Oct09

Oct10

Effective Interest Rate on Debt %

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4.42

3.86

Signature Eyewear Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.44	4.23	3.70	3.31	3.13

Competitive Comparison of Signature Eyewear's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Signature Eyewear'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.

Signature Eyewear's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Signature Eyewear's Effective Interest Rate on Debt % distribution charts can be found below:

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

Signature Eyewear Effective Interest Rate on Debt % Calculation

Signature Eyewear's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2009 )	+	Total Debt (A: Oct. 2010 ))	/ count )
=	-1 * -0.159	/	( (4.22	+	4.01)	/ 2 )
=	-1 * -0.159	/	4.115
=	3.86 %

where

	Total Debt (A: Oct. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.805	+	0.415
=	4.22

	Total Debt (A: Oct. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.72	+	0.29
=	4.01

Signature Eyewear's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2011 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2011 )	+	Total Debt (Q: Apr. 2011 ))	/ count )
=	-1 * -0.132	/	( (4.204	+	4.221)	/ 2 )
=	-1 * -0.132	/	4.2125
=	3.13 %

where

	Total Debt (Q: Jan. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.914	+	0.29
=	4.204

	Total Debt (Q: Apr. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.931	+	0.29
=	4.221

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 (Apr. 2011) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Signature Eyewear (OTCPK:SEYE) Effective Interest Rate on Debt % Explanation

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

Signature Eyewear Effective Interest Rate on Debt % Related Terms

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Signature Eyewear (Signature Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Signature Eyewear Inc (OTCPK:SEYE) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

317 Isis Avenue 207, Inglewood, CA, USA, 90301

Website

http://www.signatureeyewear.com

Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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