Firemans Contractors (Firemans Contractors) Effective Interest Rate on Debt % : 22.86% (As of Mar. 2014)

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What is Firemans Contractors 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. Firemans Contractors's annualized positive value of Interest Expense for the quarter that ended in Mar. 2014 was $0.09 Mil. Firemans Contractors's average total debt for the quarter that ended in Mar. 2014 was $0.40 Mil. Therefore, Firemans Contractors's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2014 was 22.86%.

Firemans Contractors Effective Interest Rate on Debt % Historical Data

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

Firemans Contractors Annual Data

Trend

Jun11

Jun12

Jun13

Effective Interest Rate on Debt %

11.52

48.83

115.14

Firemans Contractors Quarterly Data
	Mar10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											54.15	36.25	24.24	32.97	22.86

Competitive Comparison of Firemans Contractors's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Firemans Contractors'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.

Firemans Contractors's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Firemans Contractors's Effective Interest Rate on Debt % distribution charts can be found below:

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

Firemans Contractors Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2012 )	+	Total Debt (A: Jun. 2013 ))	/ count )
=	-1 * -0.422	/	( (0.239	+	0.494)	/ 2 )
=	-1 * -0.422	/	0.3665
=	115.14 %

where

	Total Debt (A: Jun. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.005	+	0.234
=	0.239

	Total Debt (A: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.494
=	0.494

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2013 )	+	Total Debt (Q: Mar. 2014 ))	/ count )
=	-1 * -0.092	/	( (0.426	+	0.379)	/ 2 )
=	-1 * -0.092	/	0.4025
=	22.86 %

where

	Total Debt (Q: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.426
=	0.426

	Total Debt (Q: Mar. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.379
=	0.379

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

Firemans Contractors (OTCPK:FRCN) Effective Interest Rate on Debt % Explanation

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

Firemans Contractors Effective Interest Rate on Debt % Related Terms

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Firemans Contractors (Firemans Contractors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Firemans Contractors Inc (OTCPK:FRCN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

2313 E Loop 820 N, Fort Worth, TX, USA, 76118

Website

http://www.firemans-contractors.com

Firemans Contractors Inc is a full service painting company, focusing on residential, commercial and industrial parking lot striping, and parking lot maintenance services.

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