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SRSCQ (Sears Canada) Effective Interest Rate on Debt % : 17.74% (As of Apr. 2017)


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What is Sears Canada 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. Sears Canada's annualized positive value of Interest Expense for the quarter that ended in Apr. 2017 was $11 Mil. Sears Canada's average total debt for the quarter that ended in Apr. 2017 was $60 Mil. Therefore, Sears Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2017 was 17.74%.


Sears Canada Effective Interest Rate on Debt % Historical Data

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

Sears Canada Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.37 21.30 2.95 33.95 41.63

Sears Canada Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.42 34.91 91.24 5.80 17.74

Competitive Comparison of Sears Canada's Effective Interest Rate on Debt %

For the Department Stores subindustry, Sears Canada'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.


Sears Canada's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sears Canada's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Sears Canada Effective Interest Rate on Debt % Calculation

Sears Canada's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2016 )+Total Debt  (A: Jan. 2017 ))/ count )
=-1  *  -6.751/( (17.032+15.399)/ 2 )
=-1  *  -6.751/16.2155
=41.63 %

where

Total Debt  (A: Jan. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.217 + 2.815
=17.032

Total Debt  (A: Jan. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.592 + 2.807
=15.399

Sears Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2017 )+Total Debt  (Q: Apr. 2017 ))/ count )
=-1  *  -10.716/( (15.399+105.381)/ 2 )
=-1  *  -10.716/60.39
=17.74 %

where

Total Debt  (Q: Jan. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.592 + 2.807
=15.399

Total Debt  (Q: Apr. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102.404 + 2.977
=105.381

* 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 four times the quarterly (Apr. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sears Canada  (OTCPK:SRSCQ) Effective Interest Rate on Debt % Explanation

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


Sears Canada Effective Interest Rate on Debt % Related Terms

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Sears Canada Business Description

Traded in Other Exchanges
N/A
Address
290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3
Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

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