IRIG (Integrated Drilling Equipment Holdings) Effective Interest Rate on Debt %: 14.80% (As of Dec. 2014)


What is Integrated Drilling Equipment Holdings Effective Interest Rate on Debt %?

Integrated Drilling Equipment Holdings IRIG Effective Interest Rate on Debt % is 14.80% as of Dec. 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. Integrated Drilling Equipment Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2014 was $5.71 Mil. Integrated Drilling Equipment Holdings's average total debt for the quarter that ended in Dec. 2014 was $38.61 Mil. Therefore, Integrated Drilling Equipment Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2014 was 14.80%.

Integrated Drilling Equipment Holdings  (OTCPK:IRIG) Effective Interest Rate on Debt % Explanation

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

Integrated Drilling Equipment Holdings Effective Interest Rate on Debt % Related Terms

Integrated Drilling Equipment Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Effective Interest Rate on Debt % Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Effective Interest Rate on Debt %
74.89 5.77 15.16 15.74

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 19.84 18.52 14.94 14.84 14.80

IRIG vs ESES, TIRTZ, GLFH: Effective Interest Rate on Debt % Comparison

For the Oil & Gas Equipment & Services subindustry, Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Effective Interest Rate on Debt % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Integrated Drilling Equipment Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Integrated Drilling Equipment Holdings's Effective Interest Rate on Debt % falls into.


Integrated Drilling Equipment Holdings Effective Interest Rate on Debt % Calculation

Integrated Drilling Equipment Holdings'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  *  -5.922/( (35.882+39.374)/ 2 )
=-1  *  -5.922/37.628
=15.74 %

where

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.844 + 13.038
=35.882

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.47 + 37.904
=39.374

Integrated Drilling Equipment Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2014 )+Total Debt  (Q: Dec. 2014 ))/ count )
=-1  *  -5.712/( (37.838+39.374)/ 2 )
=-1  *  -5.712/38.606
=14.80 %

where

Total Debt  (Q: Sep. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.05 + 32.788
=37.838

Total Debt  (Q: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.47 + 37.904
=39.374

* 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 (Dec. 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 14.80% mean?
Integrated Drilling Equipment Holdings (IRIG) has a Effective Interest Rate on Debt % of 14.80% as of Dec. 2014. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Integrated Drilling Equipment Holdings and its competitors.
Is Integrated Drilling Equipment Holdings' Effective Interest Rate on Debt % too high?
Integrated Drilling Equipment Holdings' current Effective Interest Rate on Debt % is 14.80%.
How does Integrated Drilling Equipment Holdings' Effective Interest Rate on Debt % compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Effective Interest Rate on Debt % of 14.80% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas 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 Integrated Drilling Equipment Holdings and its competitors. Integrated Drilling Equipment Holdings's current Effective Interest Rate on Debt % is 14.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Effective Interest Rate on Debt % of 14.80%. The current Effective Interest Rate on Debt % is 14.80%. 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 Integrated Drilling Equipment Holdings (IRIG), the current Effective Interest Rate on Debt % is 14.80% as of Dec. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.