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FTE Networks (FTE Networks) Effective Interest Rate on Debt % : 33.26% (As of Sep. 2018)


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What is FTE Networks 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. FTE Networks's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $31.3 Mil. FTE Networks's average total debt for the quarter that ended in Sep. 2018 was $94.2 Mil. Therefore, FTE Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 33.26%.


FTE Networks Effective Interest Rate on Debt % Historical Data

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

FTE Networks Annual Data
Trend Jun06 Jun07 Sep08 Sep09 Sep10 Sep11 Sep14 Sep15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.30 30.00 20.55 18.11 11.41

FTE Networks Quarterly Data
Dec11 Mar12 Jun12 Jun14 Sep14 Dec14 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.33 38.76 41.71 56.70 33.26

Competitive Comparison of FTE Networks's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, FTE Networks'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.


FTE Networks's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FTE Networks's Effective Interest Rate on Debt % distribution charts can be found below:

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



FTE Networks Effective Interest Rate on Debt % Calculation

FTE Networks's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -5.819/( (18.341+83.642)/ 2 )
=-1  *  -5.819/50.9915
=11.41 %

where

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.106 + 4.235
=18.341

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.628 + 19.014
=83.642

FTE Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2018 )+Total Debt  (Q: Sep. 2018 ))/ count )
=-1  *  -31.328/( (91.569+96.807)/ 2 )
=-1  *  -31.328/94.188
=33.26 %

where

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.392 + 62.177
=91.569

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.877 + 66.93
=96.807

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


FTE Networks  (AMEX:FTNW) Effective Interest Rate on Debt % Explanation

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


FTE Networks Effective Interest Rate on Debt % Related Terms

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FTE Networks (FTE Networks) Business Description

Industry
Traded in Other Exchanges
N/A
Address
237 West 35th Street, Suite 806, New York, NY, USA, 34108
FTE Networks Inc is a US-based company which acts as a provider of international and regional telecommunications and technology systems and infrastructure services. It also offers managed information technology, telecommunications services, subscriber-based services and staffing solutions through its wholly-owned subsidiaries. The services provided by the company include engineering consulting, design, installation, maintenance, and emergency response in various categories including cabling, equipment installation and configuration, rack and stack, wiring build-outs, infrastructure build-outs, fiber cable splicing and testing. The company manages its business into two segments namely Telecommunication and Staffing. The majority of the company's revenue comes from Telecommunication segment.
Executives
Irv Rothman director 3000 HANOVER STREET, PALO ALTO CA 94304
James E. Shiah director 2 PARK AVENUE, NEW YORK NY 10016
Christopher Ferguson director 1866 LEITHSVILLE ROAD, SUITE 223, HALLERTOWN PA 18055
Michael Palleschi director, officer: Chief Executive Officer 1464 PALMA BLANCA CT., NAPLES FL 34119
Henderson J Sherman Iii director PO BOX 34749, LOUISVILLE KY 40232
Richard C Mills officer: President C/O POMEROY COMPUTER RESOURCES INC, 1020 PETERSBURG ROAD, HEBRON KY 41048