China Specialty Glass AG (FRA:8GS) Effective Interest Rate on Debt %: 7.87% (As of Jun. 2014)


What is China Specialty Glass AG Effective Interest Rate on Debt %?

China Specialty Glass AG FRA:8GS Effective Interest Rate on Debt % is 7.87% as of Jun. 2014.

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. China Specialty Glass AG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was €3.7 Mil. China Specialty Glass AG's average total debt for the quarter that ended in Jun. 2014 was €47.4 Mil. Therefore, China Specialty Glass AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 7.87%.

China Specialty Glass AG  (FRA:8GS) Effective Interest Rate on Debt % Explanation

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

China Specialty Glass AG Effective Interest Rate on Debt % Related Terms

China Specialty Glass AG Effective Interest Rate on Debt % Historical Data

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The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG Effective Interest Rate on Debt % Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Effective Interest Rate on Debt %
0.00 1.83 12.41 11.39

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 12.86 8.75 11.46 7.31 7.87

FRA:8GS vs DTII, VCON, UUU: Effective Interest Rate on Debt % Comparison

For the Security & Protection Services subindustry, China Specialty Glass AG'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.

China Specialty Glass AG Effective Interest Rate on Debt % vs Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Effective Interest Rate on Debt % falls into.


China Specialty Glass AG Effective Interest Rate on Debt % Calculation

China Specialty Glass AG'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: Dec. 2012 )+Total Debt  (A: Dec. 2013 ))/ count )
=-1  *  -5.216/( (42.191+49.367)/ 2 )
=-1  *  -5.216/45.779
=11.39 %

where

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.285 + 0.906
=42.191

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.69 + 7.677
=49.367

China Specialty Glass AG'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  *  -3.732/( (51.364+43.522)/ 2 )
=-1  *  -3.732/47.443
=7.87 %

where

Total Debt  (Q: Mar. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=42.332 + 9.032
=51.364

Total Debt  (Q: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=34.392 + 9.13
=43.522

* 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 (Jun. 2014) 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 7.87% mean?
China Specialty Glass AG (FRA:8GS) has a Effective Interest Rate on Debt % of 7.87% as of Jun. 2014. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on China Specialty Glass AG and its competitors.
Is China Specialty Glass AG's Effective Interest Rate on Debt % too high?
China Specialty Glass AG's current Effective Interest Rate on Debt % is 7.87%.
How does China Specialty Glass AG's Effective Interest Rate on Debt % compare to DTII and VCON?
China Specialty Glass AG's Effective Interest Rate on Debt % of 7.87% can be compared against companies in the Business Services 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 Business Services company?
A good Effective Interest Rate on Debt % depends on the Business Services 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 China Specialty Glass AG and its competitors. China Specialty Glass AG's current Effective Interest Rate on Debt % is 7.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Specialty Glass AG stock overvalued right now?
China Specialty Glass AG (FRA:8GS) has a current Effective Interest Rate on Debt % of 7.87%. The current Effective Interest Rate on Debt % is 7.87%. 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 China Specialty Glass AG (FRA:8GS), the current Effective Interest Rate on Debt % is 7.87% as of Jun. 2014. 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.

China Specialty Glass AG Business Description

Address An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.