Maxxam (Maxxam) Effective Interest Rate on Debt % : 7.45% (As of Sep. 2009)

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What is Maxxam 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. Maxxam's annualized positive value of Interest Expense for the quarter that ended in Sep. 2009 was $15.60 Mil. Maxxam's average total debt for the quarter that ended in Sep. 2009 was $209.40 Mil. Therefore, Maxxam's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2009 was 7.45%.

Maxxam Effective Interest Rate on Debt % Historical Data

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

Maxxam Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Effective Interest Rate on Debt %

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7.56

Maxxam Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	7.38	7.60	7.45

Competitive Comparison of Maxxam's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Maxxam'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.

Maxxam's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Maxxam's Effective Interest Rate on Debt % distribution charts can be found below:

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

Maxxam Effective Interest Rate on Debt % Calculation

Maxxam's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2008 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2007 )	+	Total Debt (A: Dec. 2008 ))	/ count )
=	-1 * -16.2	/	( (216.5	+	211.8)	/ 2 )
=	-1 * -16.2	/	214.15
=	7.56 %

where

	Total Debt (A: Dec. 2007 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	211.2	+	5.3
=	216.5

	Total Debt (A: Dec. 2008 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	205.7	+	6.1
=	211.8

Maxxam's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2009 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2009 )	+	Total Debt (Q: Sep. 2009 ))	/ count )
=	-1 * -15.6	/	( (209.9	+	208.9)	/ 2 )
=	-1 * -15.6	/	209.4
=	7.45 %

where

	Total Debt (Q: Jun. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	203.6	+	6.3
=	209.9

	Total Debt (Q: Sep. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.6	+	6.3
=	208.9

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. 2009) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Maxxam (OTCPK:MAXX) Effective Interest Rate on Debt % Explanation

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

Maxxam Effective Interest Rate on Debt % Related Terms

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Maxxam (Maxxam) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Maxxam Inc (OTCPK:MAXX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.maxxaminc.com

Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.

Executives

Charles E Hurwitz	director, 10 percent owner, officer: Chairman of the Board & CEO	1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank	director	2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin	director	1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley	officer: Controller	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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