eFleets (eFleets) Effective Interest Rate on Debt % : 13.83% (As of Jun. 2014)

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What is eFleets 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. eFleets's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was $0.72 Mil. eFleets's average total debt for the quarter that ended in Jun. 2014 was $5.24 Mil. Therefore, eFleets's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 13.83%.

eFleets Effective Interest Rate on Debt % Historical Data

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

eFleets Annual Data

Trend

May09

May10

May11

May12

Dec13

Effective Interest Rate on Debt %

8.00

eFleets Quarterly Data
	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	Jun13	Sep13	Dec13	Mar14	Jun14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.75	8.56	11.82	9.97	13.83

Competitive Comparison of eFleets's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, eFleets'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.

eFleets's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, eFleets's Effective Interest Rate on Debt % distribution charts can be found below:

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

eFleets Effective Interest Rate on Debt % Calculation

eFleets's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -0.351	/	( (0	+	4.389)	/ 1 )
=	-1 * -0.351	/	4.389
=	8.00 %

where

	Total Debt (A: May. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.966	+	1.423
=	4.389

eFleets's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2014 )	+	Total Debt (Q: Jun. 2014 ))	/ count )
=	-1 * -0.724	/	( (5.003	+	5.468)	/ 2 )
=	-1 * -0.724	/	5.2355
=	13.83 %

where

	Total Debt (Q: Mar. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.607	+	1.396
=	5.003

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.007	+	3.461
=	5.468

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. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

eFleets (GREY:EFLT) Effective Interest Rate on Debt % Explanation

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

eFleets Effective Interest Rate on Debt % Related Terms

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eFleets (eFleets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » eFleets Corp (GREY:EFLT) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

7660 Pebble Drive, Fort Worth, TX, USA, 76118

Website

eFleets Corp is focused on the design, development and manufacturing of an all-electric fleet vehicle for the essential services market. The company's all-electric vehicles are designed for use in traffic control/parking enforcement, security, small package delivery, military, maintenance, airport services, warehouses, and other comparable utility application. Its electric vehicles offer a zero-emission, high performance, low-maintenance and affordable alternative to specifically meet the needs of fleet vehicles in the essential services market. The company is focused on developing technology for its battery management and integrated drive system, which maximizes energy efficiency to satisfy the needs of its customers.

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