Glori Energy (Glori Energy) Effective Interest Rate on Debt % : 33.03% (As of Dec. 2016)

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What is Glori Energy 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. Glori Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2016 was $3.28 Mil. Glori Energy's average total debt for the quarter that ended in Dec. 2016 was $9.93 Mil. Therefore, Glori Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 was 33.03%.

Glori Energy Effective Interest Rate on Debt % Historical Data

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

Glori Energy Annual Data

Trend

Mar12

Mar13

Mar14

Dec15

Dec16

Effective Interest Rate on Debt %

31.93

19.26

Glori Energy Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-0.13	13.44	15.51	15.55	33.03

Competitive Comparison of Glori Energy's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Glori Energy'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.

Glori Energy's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Glori Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Glori Energy Effective Interest Rate on Debt % Calculation

Glori Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2015 )	+	Total Debt (A: Dec. 2016 ))	/ count )
=	-1 * -1.945	/	( (10.298	+	9.898)	/ 2 )
=	-1 * -1.945	/	10.098
=	19.26 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.009	+	0.289
=	10.298

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.033	+	9.865
=	9.898

Glori Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2016 )	+	Total Debt (Q: Dec. 2016 ))	/ count )
=	-1 * -3.28	/	( (9.96	+	9.898)	/ 2 )
=	-1 * -3.28	/	9.929
=	33.03 %

where

	Total Debt (Q: Sep. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	9.925
=	9.96

	Total Debt (Q: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.033	+	9.865
=	9.898

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 (Dec. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Glori Energy (OTCPK:GLRI) Effective Interest Rate on Debt % Explanation

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

Glori Energy Effective Interest Rate on Debt % Related Terms

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Glori Energy (Glori Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Glori Energy Inc (OTCPK:GLRI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4315 South Drive, Houston, TX, USA, 77053

Website

http://www.glorienergy.com

Glori Energy Inc is a development stage company.

Executives

Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Ganesh Kishore	director	11966 SACKSTON RIDGE DR, CREECE COCUR MO 63191
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
James C. Musselman	director	4315 SOUTH DRIVE, HOUSTON TX 77053
Jonathan Fleming	10 percent owner	222 BERKELEY STREET, BOSTON MA 02116
Thomas O Hicks	director	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
Michael Schulhof	director

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