Neurologix (Neurologix) Effective Interest Rate on Debt % : 95.32% (As of Jun. 2011)

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What is Neurologix 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. Neurologix's annualized positive value of Interest Expense for the quarter that ended in Jun. 2011 was $5.46 Mil. Neurologix's average total debt for the quarter that ended in Jun. 2011 was $5.73 Mil. Therefore, Neurologix's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2011 was 95.32%.

Neurologix Effective Interest Rate on Debt % Historical Data

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

Neurologix Annual Data

Trend

Dec01

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Dec03

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Dec10

Effective Interest Rate on Debt %

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9.69

Neurologix Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	38.76	108.55	95.32

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

For the Drug Manufacturers - Specialty & Generic subindustry, Neurologix'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.

Neurologix's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Neurologix's Effective Interest Rate on Debt % distribution charts can be found below:

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

Neurologix Effective Interest Rate on Debt % Calculation

Neurologix'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 * -0.455	/	( (0	+	4.695)	/ 1 )
=	-1 * -0.455	/	4.695
=	9.69 %

where

	Total Debt (A: Dec. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.695
=	4.695

Neurologix's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2011 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2011 )	+	Total Debt (Q: Jun. 2011 ))	/ count )
=	-1 * -5.464	/	( (5.387	+	6.078)	/ 2 )
=	-1 * -5.464	/	5.7325
=	95.32 %

where

	Total Debt (Q: Mar. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.387
=	5.387

	Total Debt (Q: Jun. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6.078
=	6.078

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

Neurologix (GREY:NRGXQ) Effective Interest Rate on Debt % Explanation

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

Neurologix Effective Interest Rate on Debt % Related Terms

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Neurologix (Neurologix) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Neurologix Inc (GREY:NRGXQ) » Definitions » Effective Interest Rate on Debt %

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Address

One Bridge Plaza, Fort Lee, NJ, USA, 07024

Website

http://www.neurologix.net

Neurologix Inc is a development stage company that is engaged in the research and development of proprietary treatments for disorders of the brain and central nervous system, using gene transfer and other innovative therapies.

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