Magor (TSXV:MCC.H) Effective Interest Rate on Debt % : 12.12% (As of Jul. 2016)

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What is Magor 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. Magor's annualized positive value of Interest Expense for the quarter that ended in Jul. 2016 was C$1.66 Mil. Magor's average total debt for the quarter that ended in Jul. 2016 was C$13.73 Mil. Therefore, Magor's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2016 was 12.12%.

Magor Effective Interest Rate on Debt % Historical Data

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

Magor Annual Data

Trend

Mar10

Mar11

Mar12

Apr13

Apr14

Apr15

Apr16

Effective Interest Rate on Debt %

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3.72

11.51

12.72

12.44

Magor Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.97	12.30	12.16	12.55	12.12

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

For the Software - Application subindustry, Magor'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.

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

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

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

Magor Effective Interest Rate on Debt % Calculation

Magor's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2015 )	+	Total Debt (A: Apr. 2016 ))	/ count )
=	-1 * -1.314	/	( (8.011	+	13.11)	/ 2 )
=	-1 * -1.314	/	10.5605
=	12.44 %

where

	Total Debt (A: Apr. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.369	+	4.642
=	8.011

	Total Debt (A: Apr. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.521	+	9.589
=	13.11

Magor's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2016 )	+	Total Debt (Q: Jul. 2016 ))	/ count )
=	-1 * -1.664	/	( (13.11	+	14.359)	/ 2 )
=	-1 * -1.664	/	13.7345
=	12.12 %

where

	Total Debt (Q: Apr. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.521	+	9.589
=	13.11

	Total Debt (Q: Jul. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.557	+	10.802
=	14.359

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 (Jul. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Magor (TSXV:MCC.H) Effective Interest Rate on Debt % Explanation

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

Magor Effective Interest Rate on Debt % Related Terms

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Magor (TSXV:MCC.H) Business Description

Industry

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Address

350 Terry Fox Drive, Suite 100, Ottawa, ON, CAN, K2K 2W5

Website

http://www.magorcorp.com

Magor Corp is engaged in design, development, and marketing of a visual collaboration software platform that integrates personal computer collaboration, high definition video and wideband audio for the enterprise market. The company provide service as Aerus, is an evolution of its platform to the cloud in delivering video interactions to the enterprise as a service with the capabilities needed to fulfill the promise of new modes for productivity. The Aerus service delivery platform and Aerus technology bring together the benefits of distributed networking and cloud computing to deliver services for high-quality video interactions that support any workflow. The company derives most of its revenue from the sale of hardware and equipment.

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