Forte Energy NL (ASX:FTE) Effective Interest Rate on Debt %: 3.91% (As of Dec. 2016)

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What is Forte Energy NL Effective Interest Rate on Debt %?

Forte Energy NL ASX:FTE Effective Interest Rate on Debt % is 3.91% as of Dec. 2016. The stock has 6 warning signs investors should review.

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. Forte Energy NL's annualized positive value of Interest Expense for the quarter that ended in Dec. 2016 was A$0.02 Mil. Forte Energy NL's average total debt for the quarter that ended in Dec. 2016 was A$0.61 Mil. Therefore, Forte Energy NL's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 was 3.91%.

Forte Energy NL  (ASX:FTE) Effective Interest Rate on Debt % Explanation

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

Forte Energy NL Effective Interest Rate on Debt % Related Terms

Forte Energy NL Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Forte Energy NL'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.

Forte Energy NL Effective Interest Rate on Debt % Chart

Forte Energy NL Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 19.40 35.27 68.74

Forte Energy NL Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 35.35 14.59 0.00 165.22 3.91

ASX:FTE vs ZIMCF, MCCX, INTV: Effective Interest Rate on Debt % Comparison

For the Software - Application subindustry, Forte Energy NL'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.

Forte Energy NL Effective Interest Rate on Debt % vs Software Industry

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

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


Forte Energy NL Effective Interest Rate on Debt % Calculation

Forte Energy NL's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2015 )+Total Debt  (A: Jun. 2016 ))/ count )
=-1  *  -0.475/( (0.768+0.614)/ 2 )
=-1  *  -0.475/0.691
=68.74 %

where

Total Debt  (A: Jun. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.744 + 0.024
=0.768

Total Debt  (A: Jun. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.164 + 0.45
=0.614

Forte Energy NL's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2016 )+Total Debt  (Q: Dec. 2016 ))/ count )
=-1  *  -0.024/( (0.614+0)/ 1 )
=-1  *  -0.024/0.614
=3.91 %

where

Total Debt  (Q: Jun. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.164 + 0.45
=0.614

Total Debt  (Q: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

* 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 two times the semi-annual (Dec. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 3.91% mean?
Forte Energy NL (ASX:FTE) has a Effective Interest Rate on Debt % of 3.91% as of Dec. 2016. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Forte Energy NL and its competitors.
Is Forte Energy NL's Effective Interest Rate on Debt % too high?
Forte Energy NL's current Effective Interest Rate on Debt % is 3.91%.
How does Forte Energy NL's Effective Interest Rate on Debt % compare to ZIMCF and MCCX?
Forte Energy NL's Effective Interest Rate on Debt % of 3.91% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Software company?
A good Effective Interest Rate on Debt % depends on the Software industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Forte Energy NL and its competitors. Forte Energy NL's current Effective Interest Rate on Debt % is 3.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forte Energy NL stock overvalued right now?
Forte Energy NL (ASX:FTE) has a current Effective Interest Rate on Debt % of 3.91%. The current Effective Interest Rate on Debt % is 3.91%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Forte Energy NL (ASX:FTE), the current Effective Interest Rate on Debt % is 3.91% as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forte Energy NL Business Description

BOS Global Holdings Ltd is an Australian software company which focuses on creating enterprise productivity solutions for the global workforce market. Its products include BOS360 Work Patterns, BOSMeet, BOSTime, and BOSAutomate. The BOS360 Work Patterns captures a digital footprint of worker's activity and presents it in a visual and powerful format that offers awareness driving efficiency and productive behavior; the BOSMeet is meeting management software; the BOSTime is automatic time an activity tracker; and the BOSAutomate is a complete document and records management suite which offers document management and electronic records management. The company serves its customer in Australia, Asia, UK, Europe and North America.