Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Effective Interest Rate on Debt % : 3.34% (As of Jun. 2016)

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What is Providence & Worcester Railroad Co 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. Providence & Worcester Railroad Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2016 was $0.10 Mil. Providence & Worcester Railroad Co's average total debt for the quarter that ended in Jun. 2016 was $3.00 Mil. Therefore, Providence & Worcester Railroad Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 was 3.34%.

Providence & Worcester Railroad Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Providence & Worcester Railroad Co'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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Providence & Worcester Railroad Co Effective Interest Rate on Debt % Chart

Providence & Worcester Railroad Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Effective Interest Rate on Debt %

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4.54

5.13

0.40

Providence & Worcester Railroad Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	2.00	3.34

Competitive Comparison of Providence & Worcester Railroad Co's Effective Interest Rate on Debt %

For the Railroads subindustry, Providence & Worcester Railroad Co'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.

Providence & Worcester Railroad Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Providence & Worcester Railroad Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Providence & Worcester Railroad Co's Effective Interest Rate on Debt % falls into.

Providence & Worcester Railroad Co Effective Interest Rate on Debt % Calculation

Providence & Worcester Railroad Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2014 )	+	Total Debt (A: Dec. 2015 ))	/ count )
=	-1 * -0.004	/	( (0	+	1)	/ 1 )
=	-1 * -0.004	/	1
=	0.40 %

where

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.98	+	0.02
=	1

Providence & Worcester Railroad Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2016 )	+	Total Debt (Q: Jun. 2016 ))	/ count )
=	-1 * -0.1	/	( (1	+	4.99)	/ 2 )
=	-1 * -0.1	/	2.995
=	3.34 %

where

	Total Debt (Q: Mar. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.98	+	0.02
=	1

	Total Debt (Q: Jun. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.828	+	0.162
=	4.99

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. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Providence & Worcester Railroad Co (NAS:PWX) Effective Interest Rate on Debt % Explanation

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

Providence & Worcester Railroad Co Effective Interest Rate on Debt % Related Terms

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Providence & Worcester Railroad Co (Providence & Worcester Railroad Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Providence & Worcester Railroad Co (NAS:PWX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pwrr.com

Providence & Worcester Railroad Co commenced its operations in 1973. The Company is a short-line freight railroad as defined by the American Association of Railroads operating in Massachusetts, Rhode Island, Connecticut and New York. The Company is the only interstate freight carrier serving the State of Rhode Island. The Company services the international double-stack intermodal terminal facility in New England in Worcester, Massachusetts, a strategic location for regional transportation and distribution enterprises. The Company transports commodities for its customers, including automobiles, construction aggregates, iron and steel products, chemicals and plastics, lumber, scrap metals, plastic resins, cement, coal, construction and demolition debris, and processed foods and edible foodstuffs, such as corn syrup and vegetable oils. Its customers include Exxon Mobil Corporation, Ford Motor Company, Frito-Lay, Inc., Global LLP, GDF SUEZ Energy North America, International Paper Company, Lehigh Cement, Cargill, Inc., Northeast Utilities, Nucor Steel, Rawson Materials, Renewable Products Marketing Group, Subaru of New England, Tilcon Connecticut, Inc. and Toray Plastics, Inc. The Company competes with other carriers in the siting of new rail-oriented businesses in the region. The Company also competes with other modes of transportation, particularly long-haul trucking companies, for the transportation of commodities, and ocean-going vessels for the transportation of containers. The Company is subject to governmental regulation by the STB, the FRA, the Transportation Security Administration and other federal, state and local regulatory authorities with respect to certain rates and railroad operations, as well as a variety of health, safety, labor, environmental and other matters.

Executives

Daniel T Noreck	officer: Treasurer and CFO	75 HAMMOND STREET, WORCESTER MA 01610
P Scott Conti	director, officer: President and COO	75 HAMMOND STREET, WORCESTER MA 01610
Robert H Eder	director, 10 percent owner, officer: Chief Executive Officer	5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Linda Eder	10 percent owner	100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Craig M Scott	director	75 HAMMOND STREET, WORCESTER MA 01610
Stephen J Carlotti	10 percent owner	1500 FLEET CENTER, PROVIDENCE RI 02903
Merrill W Sherman	director	131 CLARENDON STREET, BOSTON MA 02116

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