GLUX (Great Lakes Aviation) Effective Interest Rate on Debt %: 17.79% (As of Sep. 2015)


What is Great Lakes Aviation Effective Interest Rate on Debt %?

Great Lakes Aviation GLUX Effective Interest Rate on Debt % is 17.79% as of Sep. 2015.

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. Great Lakes Aviation's annualized positive value of Interest Expense for the quarter that ended in Sep. 2015 was $4.80 Mil. Great Lakes Aviation's average total debt for the quarter that ended in Sep. 2015 was $27.00 Mil. Therefore, Great Lakes Aviation's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 was 17.79%.

Great Lakes Aviation  (OTCPK:GLUX) Effective Interest Rate on Debt % Explanation

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

Great Lakes Aviation Effective Interest Rate on Debt % Related Terms

Great Lakes Aviation Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation Effective Interest Rate on Debt % Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.99 7.13 18.01 17.16 18.53

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 20.58 18.97 17.06 22.23 17.79

GLUX vs MESA: Effective Interest Rate on Debt % Comparison

For the Airlines subindustry, Great Lakes Aviation'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.

Great Lakes Aviation Effective Interest Rate on Debt % vs Transportation Industry

For the Transportation industry and Industrials sector, Great Lakes Aviation's Effective Interest Rate on Debt % distribution charts can be found below:

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


Great Lakes Aviation Effective Interest Rate on Debt % Calculation

Great Lakes Aviation's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2013 )+Total Debt  (A: Dec. 2014 ))/ count )
=-1  *  -4.555/( (24.173+25)/ 2 )
=-1  *  -4.555/24.5865
=18.53 %

where

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 24.173
=24.173

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25 + 0
=25

Great Lakes Aviation's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2015 )+Total Debt  (Q: Sep. 2015 ))/ count )
=-1  *  -4.804/( (26.5+27.5)/ 2 )
=-1  *  -4.804/27
=17.79 %

where

Total Debt  (Q: Jun. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 26.5
=26.5

Total Debt  (Q: Sep. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 27.5
=27.5

* 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. 2015) 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 17.79% mean?
Great Lakes Aviation (GLUX) has a Effective Interest Rate on Debt % of 17.79% as of Sep. 2015. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Great Lakes Aviation and its competitors.
Is Great Lakes Aviation's Effective Interest Rate on Debt % too high?
Great Lakes Aviation's current Effective Interest Rate on Debt % is 17.79%.
How does Great Lakes Aviation's Effective Interest Rate on Debt % compare to MESA?
Great Lakes Aviation's Effective Interest Rate on Debt % of 17.79% can be compared against companies in the Transportation 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 Transportation company?
A good Effective Interest Rate on Debt % depends on the Transportation 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 Great Lakes Aviation and its competitors. Great Lakes Aviation's current Effective Interest Rate on Debt % is 17.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current Effective Interest Rate on Debt % of 17.79%. The current Effective Interest Rate on Debt % is 17.79%. 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 Great Lakes Aviation (GLUX), the current Effective Interest Rate on Debt % is 17.79% as of Sep. 2015. 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.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.