DATATRAK International (DATATRAK International) Effective Interest Rate on Debt % : 5.80% (As of Jun. 2018)

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What is DATATRAK International 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. DATATRAK International's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $0.00 Mil. DATATRAK International's average total debt for the quarter that ended in Jun. 2018 was $0.07 Mil. Therefore, DATATRAK International's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 5.80%.

DATATRAK International Effective Interest Rate on Debt % Historical Data

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

DATATRAK International Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec12

Dec13

Dec14

Effective Interest Rate on Debt %

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1.63

4.62

7.50

11.20

DATATRAK International Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Dec12	Dec13	Sep14	Dec14	Sep15	Mar17	Jun17	Mar18	Jun18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.67	83.58	-	-	5.80

Competitive Comparison of DATATRAK International's Effective Interest Rate on Debt %

For the Health Information Services subindustry, DATATRAK International'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.

DATATRAK International's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, DATATRAK International's Effective Interest Rate on Debt % distribution charts can be found below:

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

DATATRAK International Effective Interest Rate on Debt % Calculation

DATATRAK International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2013 )	+	Total Debt (A: Dec. 2014 ))	/ count )
=	-1 * -0.014	/	( (0.12	+	0.13)	/ 2 )
=	-1 * -0.014	/	0.125
=	11.20 %

where

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.09
=	0.12

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.068	+	0.062
=	0.13

DATATRAK International's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2018 )	+	Total Debt (Q: Jun. 2018 ))	/ count )
=	-1 * -0.004	/	( (0.011	+	0.127)	/ 2 )
=	-1 * -0.004	/	0.069
=	5.80 %

where

	Total Debt (Q: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.005	+	0.006
=	0.011

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.004	+	0.123
=	0.127

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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DATATRAK International (OTCPK:DTRK) Effective Interest Rate on Debt % Explanation

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

DATATRAK International Effective Interest Rate on Debt % Related Terms

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DATATRAK International (DATATRAK International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » DATATRAK International Inc (OTCPK:DTRK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3690 Orange Place, Suite 375, Beachwood, OH, USA, 44122

Website

https://www.datatrak.com

DATATRAK International Inc is a technology and services company that delivers eClinical solutions for the clinical trials industry. The services provided by the company include training services, cloud delivery, a learning center, trial design services, and others. The clinical solutions provided by the company include CTMS, EDC and Medical Coding, Risk-Based Monitoring, Randomization, and Medical Imaging Capture, and Training.

Executives

Raymond J. Merk	officer: VP of Finance,CFO & Treasurer	C/O RPT REALTY, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Mark J Ratain	director	5841 S MARYLAND AVE MC2115, CHICAGO IL 60637
Robert E Flaherty	director	377 PLANTATION ST, WORCESTER MA 01605