Progressive Waste Solutions (Progressive Waste Solutions) Effective Interest Rate on Debt % : 3.18% (As of Mar. 2016)

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What is Progressive Waste Solutions 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. Progressive Waste Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2016 was $50 Mil. Progressive Waste Solutions's average total debt for the quarter that ended in Mar. 2016 was $1,567 Mil. Therefore, Progressive Waste Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 was 3.18%.

Progressive Waste Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Progressive Waste Solutions'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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Progressive Waste Solutions Effective Interest Rate on Debt % Chart

Progressive Waste Solutions Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Effective Interest Rate on Debt %

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4.66

3.83

3.75

3.99

3.68

Progressive Waste Solutions Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.07	4.06	3.40	3.44	3.18

Competitive Comparison of Progressive Waste Solutions's Effective Interest Rate on Debt %

For the Waste Management subindustry, Progressive Waste Solutions'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.

Progressive Waste Solutions's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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

Progressive Waste Solutions Effective Interest Rate on Debt % Calculation

Progressive Waste Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2014 )	+	Total Debt (A: Dec. 2015 ))	/ count )
=	-1 * -57.216	/	( (1558.045	+	1550.72)	/ 2 )
=	-1 * -57.216	/	1554.3825
=	3.68 %

where

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1552.617	+	5.428
=	1558.045

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1550.226	+	0.494
=	1550.72

Progressive Waste Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2015 )	+	Total Debt (Q: Mar. 2016 ))	/ count )
=	-1 * -49.848	/	( (1550.72	+	1583.713)	/ 2 )
=	-1 * -49.848	/	1567.2165
=	3.18 %

where

	Total Debt (Q: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1550.226	+	0.494
=	1550.72

	Total Debt (Q: Mar. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1583.19	+	0.523
=	1583.713

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

Progressive Waste Solutions (NYSE:BIN) Effective Interest Rate on Debt % Explanation

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

Progressive Waste Solutions Effective Interest Rate on Debt % Related Terms

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Progressive Waste Solutions (Progressive Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Waste Solutions Ltd (NYSE:BIN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.progressivewaste.com

Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

Executives

James Little	officer: Executive VP Engineering	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Edward E Guillet	director	C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Elise Lipman Jordan	director	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Ronald J Mittelstaedt	director, officer: Executive Chairman	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Jason Craft	officer: Sr Vice President-Operations	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Worthing Jackman	director, officer: President and CEO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Michael W Harlan	director	C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea	officer: Exec VP, General Counsel & Sec	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
David M Hall	officer: Sr. Vice President - Sales	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Mary Anne Whitney	officer: Sr Vice President & CFO	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Matthew Stephen Black	officer: Sr. Vice President - Tax	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
David Eddie	officer: Sr. VP & Chief Accting Officer	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Eric Hansen	officer: Senior Vice President and CIO	3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Darrell W Chambliss	officer: EVP & COO	3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
William J Razzouk	director	C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3

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