PURY (PureRay) Effective Interest Rate on Debt %: 0.00% (As of Jan. 2009)

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What is PureRay Effective Interest Rate on Debt %?

PureRay PURY -95.00% Effective Interest Rate on Debt % is 0.00% as of Jan. 2009.

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. PureRay's annualized positive value of Interest Expense for the quarter that ended in Jan. 2009 was $0.00 Mil. PureRay's average total debt for the quarter that ended in Jan. 2009 was $0.00 Mil. Therefore, PureRay's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2009 was N/A%.

PureRay  (OTCPK:PURY) Effective Interest Rate on Debt % Explanation

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

PureRay Effective Interest Rate on Debt % Related Terms

PureRay Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for PureRay'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.

PureRay Effective Interest Rate on Debt % Chart

PureRay Annual Data
Trend Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

PureRay Quarterly Data
Apr04 Jul04 Oct04 Jan05 Apr05 Jul05 Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09
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 0.00 0.00 0.00 0.00 0.00

PURY vs GNAL, WAYS: Effective Interest Rate on Debt % Comparison

For the Electrical Equipment & Parts subindustry, PureRay'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.

PureRay Effective Interest Rate on Debt % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PureRay's Effective Interest Rate on Debt % distribution charts can be found below:

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


PureRay Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2007 )+Total Debt  (A: Apr. 2008 ))/ count )
=-1  *  0/( (0.03+0.1)/ 2 )
=-1  *  0/0.065
=0.00 %

where

Total Debt  (A: Apr. 2007 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.03
=0.03

Total Debt  (A: Apr. 2008 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.1
=0.1

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2008 )+Total Debt  (Q: Jan. 2009 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Total Debt  (Q: Oct. 2008 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

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

* 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 (Jan. 2009) 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 0.00% mean?
PureRay (PURY) has a Effective Interest Rate on Debt % of 0.00% as of Jan. 2009. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on PureRay and its competitors.
Is PureRay's Effective Interest Rate on Debt % too high?
PureRay's current Effective Interest Rate on Debt % is 0.00%.
How does PureRay's Effective Interest Rate on Debt % compare to GNAL and WAYS?
PureRay's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Effective Interest Rate on Debt % depends on the Industrial Products 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 PureRay and its competitors. PureRay's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PureRay stock overvalued right now?
PureRay (PURY) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. 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 PureRay (PURY), the current Effective Interest Rate on Debt % is 0.00% as of Jan. 2009. 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.

PureRay Business Description

Address 3490 Piedmont Road, Suite 1120, Atlanta, GA, USA, 30305
PureRay Corp designs, manufactures and distributes solar charging and lighting systems. It has developed a patent-pending, self-contained and solar-powered LED lighting system with a charging station and rechargeable bulbs.