NoFire Technologies (NoFire Technologies) Effective Interest Rate on Debt %

: 57.35% (As of May. 2010)

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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. NoFire Technologies's annualized positive value of Interest Expense for the quarter that ended in May. 2010 was $0.63 Mil. NoFire Technologies's average total debt for the quarter that ended in May. 2010 was $1.10 Mil. Therefore, NoFire Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2010 was 57.35%.

NoFire Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for NoFire Technologies'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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NoFire Technologies Annual Data

Trend

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Aug09

Effective Interest Rate on Debt %

80.82

NoFire Technologies Quarterly Data
	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10
Effective Interest Rate on Debt %																106.71	100.94	83.05	155.08	57.35

Competitive Comparison

For the Specialty Chemicals subindustry, NoFire Technologies'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.

NoFire Technologies Effective Interest Rate on Debt % Distribution

For the Chemicals industry and Basic Materials sector, NoFire Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

NoFire Technologies Effective Interest Rate on Debt % Calculation

NoFire Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2009 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2008 )	+	Total Debt (A: Aug. 2009 ))	/ count )
=	-1 * -0.647	/	( (0.596	+	1.005)	/ 2 )
=	-1 * -0.647	/	0.8005
=	80.82 %

where

	Total Debt (A: Aug. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.596
=	0.596

	Total Debt (A: Aug. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.005
=	1.005

NoFire Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2010 )	+	Total Debt (Q: May. 2010 ))	/ count )
=	-1 * -0.632	/	( (0.972	+	1.232)	/ 2 )
=	-1 * -0.632	/	1.102
=	57.35 %

where

	Total Debt (Q: Feb. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.972
=	0.972

	Total Debt (Q: May. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.232
=	1.232

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 (May. 2010) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NoFire Technologies (OTCPK:NFTI) Effective Interest Rate on Debt % Explanation

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

NoFire Technologies Effective Interest Rate on Debt % Related Terms

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NoFire Technologies (NoFire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NoFire Technologies Inc (OTCPK:NFTI) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

5 James Street, South Hackensack, NJ, USA, 07606

Website

https://www.nofire.com

NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.

Executives

Andrew H Tisch

10 percent owner

667 MADISON AVE, NEW YORK NY 10021-8087

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