PJET (Priority Aviation) Effective Interest Rate on Debt %: 20.36% (As of Jun. 2011)

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What is Priority Aviation Effective Interest Rate on Debt %?

Priority Aviation PJET -99.00% Effective Interest Rate on Debt % is 20.36% as of Jun. 2011.

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. Priority Aviation's annualized positive value of Interest Expense for the quarter that ended in Jun. 2011 was $0.84 Mil. Priority Aviation's average total debt for the quarter that ended in Jun. 2011 was $4.13 Mil. Therefore, Priority Aviation's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2011 was 20.36%.

Priority Aviation  (OTCPK:PJET) Effective Interest Rate on Debt % Explanation

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

Priority Aviation Effective Interest Rate on Debt % Related Terms

Priority Aviation Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Priority Aviation'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.

Priority Aviation Effective Interest Rate on Debt % Chart

Priority Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 6.19 5.99 26.04

Priority Aviation 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.54 32.70 17.48 11.31 20.36

PJET vs PHIIQ, SKAS: Effective Interest Rate on Debt % Comparison

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

Priority Aviation Effective Interest Rate on Debt % vs Drug Manufacturers Industry

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

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


Priority Aviation Effective Interest Rate on Debt % Calculation

Priority Aviation'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  *  -1.206/( (4.54+4.722)/ 2 )
=-1  *  -1.206/4.631
=26.04 %

where

Total Debt  (A: Dec. 2009 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 4.54
=4.54

Total Debt  (A: Dec. 2010 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 4.722
=4.722

Priority Aviation'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  *  -0.84/( (4.117+4.135)/ 2 )
=-1  *  -0.84/4.126
=20.36 %

where

Total Debt  (Q: Mar. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 4.117
=4.117

Total Debt  (Q: Jun. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 4.135
=4.135

* 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 (Jun. 2011) 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 20.36% mean?
Priority Aviation (PJET) has a Effective Interest Rate on Debt % of 20.36% as of Jun. 2011. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Priority Aviation and its competitors.
Is Priority Aviation's Effective Interest Rate on Debt % too high?
Priority Aviation's current Effective Interest Rate on Debt % is 20.36%.
How does Priority Aviation's Effective Interest Rate on Debt % compare to PHIIQ and SKAS?
Priority Aviation's Effective Interest Rate on Debt % of 20.36% can be compared against companies in the Drug Manufacturers 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 a Drug Manufacturers company?
A good Effective Interest Rate on Debt % depends on the Drug Manufacturers 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 Priority Aviation and its competitors. Priority Aviation's current Effective Interest Rate on Debt % is 20.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Priority Aviation stock overvalued right now?
Priority Aviation (PJET) has a current Effective Interest Rate on Debt % of 20.36%. The current Effective Interest Rate on Debt % is 20.36%. 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 Priority Aviation (PJET), the current Effective Interest Rate on Debt % is 20.36% as of Jun. 2011. 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.

Priority Aviation Business Description

Address 14333 Preston Road, Suite 904, Dallas, TX, USA, 75254
Priority Aviation Inc is working to develop the business model acquired from THC - designer bong waters. The Company is also marketing the waters to a variety of wholesale and retail outlets.