Location Based Technologies (Location Based Technologies) Effective Interest Rate on Debt % : 11.15% (As of May. 2015)

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What is Location Based Technologies 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. Location Based Technologies's annualized positive value of Interest Expense for the quarter that ended in May. 2015 was $1.32 Mil. Location Based Technologies's average total debt for the quarter that ended in May. 2015 was $11.84 Mil. Therefore, Location Based Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2015 was 11.15%.

Location Based Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Location Based Technologies'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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Location Based Technologies Effective Interest Rate on Debt % Chart

Location Based Technologies Annual Data

Trend

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Effective Interest Rate on Debt %

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22.81

206.73

30.60

18.83

13.58

Location Based Technologies Quarterly Data
	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.27	12.30	14.44	11.36	11.15

Competitive Comparison of Location Based Technologies's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Location Based Technologies'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.

Location Based Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

* The bar in red indicates where Location Based Technologies's Effective Interest Rate on Debt % falls into.

Location Based Technologies Effective Interest Rate on Debt % Calculation

Location Based Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2013 )	+	Total Debt (A: Aug. 2014 ))	/ count )
=	-1 * -1.191	/	( (7.392	+	10.152)	/ 2 )
=	-1 * -1.191	/	8.772
=	13.58 %

where

	Total Debt (A: Aug. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.719	+	5.673
=	7.392

	Total Debt (A: Aug. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.997	+	6.155
=	10.152

Location Based Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2015 )	+	Total Debt (Q: May. 2015 ))	/ count )
=	-1 * -1.32	/	( (11.575	+	12.105)	/ 2 )
=	-1 * -1.32	/	11.84
=	11.15 %

where

	Total Debt (Q: Feb. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.194	+	10.381
=	11.575

	Total Debt (Q: May. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.285	+	10.82
=	12.105

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 (May. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Location Based Technologies (OTCPK:LBAS) Effective Interest Rate on Debt % Explanation

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

Location Based Technologies Effective Interest Rate on Debt % Related Terms

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Location Based Technologies (Location Based Technologies) Business Description

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Address

7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 92618

Website

https://www.locationbasedtech.com

Location Based Technologies Inc is engaged in supplying fleet trackers, a small, affordable, fully sealed vehicle tracking system (combined GPS, wireless, and WiFi technology) designed to track and display vehicles and other mobile assets on the go. It is designed to be quickly installed and features easy-to-use user interfaces, including browser and apps. Its product offering includes PocketFinder. The company generates revenue from Device Sales and Services.

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