SOLON AG fuer Solartechnik (LTS:0G3C) Effective Interest Rate on Debt % : 22.08% (As of Sep. 2011)

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What is SOLON AG fuer Solartechnik 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. SOLON AG fuer Solartechnik's annualized positive value of Interest Expense for the quarter that ended in Sep. 2011 was €58.3 Mil. SOLON AG fuer Solartechnik's average total debt for the quarter that ended in Sep. 2011 was €264.1 Mil. Therefore, SOLON AG fuer Solartechnik's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2011 was 22.08%.

SOLON AG fuer Solartechnik Effective Interest Rate on Debt % Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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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SOLON AG fuer Solartechnik Effective Interest Rate on Debt % Chart

SOLON AG fuer Solartechnik Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Effective Interest Rate on Debt %

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7.75

6.90

8.03

10.19

12.36

SOLON AG fuer Solartechnik Quarterly Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												11.88	13.61	14.01	14.34	22.08

Competitive Comparison of SOLON AG fuer Solartechnik's Effective Interest Rate on Debt %

For the Solar subindustry, SOLON AG fuer Solartechnik'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.

SOLON AG fuer Solartechnik's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SOLON AG fuer Solartechnik's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SOLON AG fuer Solartechnik's Effective Interest Rate on Debt % falls into.

SOLON AG fuer Solartechnik Effective Interest Rate on Debt % Calculation

SOLON AG fuer Solartechnik's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2009 )	+	Total Debt (A: Dec. 2010 ))	/ count )
=	-1 * -31.467	/	( (267.943	+	241.273)	/ 2 )
=	-1 * -31.467	/	254.608
=	12.36 %

where

	Total Debt (A: Dec. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.392	+	200.551
=	267.943

	Total Debt (A: Dec. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.421	+	177.852
=	241.273

SOLON AG fuer Solartechnik's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2011 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2011 )	+	Total Debt (Q: Sep. 2011 ))	/ count )
=	-1 * -58.32	/	( (267.159	+	261.033)	/ 2 )
=	-1 * -58.32	/	264.096
=	22.08 %

where

	Total Debt (Q: Jun. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.373	+	245.786
=	267.159

	Total Debt (Q: Sep. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.978	+	241.055
=	261.033

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. 2011) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SOLON AG fuer Solartechnik (LTS:0G3C) Effective Interest Rate on Debt % Explanation

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

SOLON AG fuer Solartechnik Effective Interest Rate on Debt % Related Terms

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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SOLON AG fuer Solartechnik (LTS:0G3C) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714

Website

http://www.solon.com

SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

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