Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Effective Interest Rate on Debt % : 31.29% (As of Sep. 2016)

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What is Southern Concepts Restaurant Group 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. Southern Concepts Restaurant Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2016 was $0.75 Mil. Southern Concepts Restaurant Group's average total debt for the quarter that ended in Sep. 2016 was $2.40 Mil. Therefore, Southern Concepts Restaurant Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2016 was 31.29%.

Southern Concepts Restaurant Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Southern Concepts Restaurant Group'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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Southern Concepts Restaurant Group Effective Interest Rate on Debt % Chart

Southern Concepts Restaurant Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Effective Interest Rate on Debt %

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106.96

51.11

10.08

34.63

Southern Concepts Restaurant Group Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															30.03	28.30	31.57	36.47	31.29

Competitive Comparison of Southern Concepts Restaurant Group's Effective Interest Rate on Debt %

For the Restaurants subindustry, Southern Concepts Restaurant Group'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.

Southern Concepts Restaurant Group's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Southern Concepts Restaurant Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Southern Concepts Restaurant Group's Effective Interest Rate on Debt % falls into.

Southern Concepts Restaurant Group Effective Interest Rate on Debt % Calculation

Southern Concepts Restaurant Group'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 * -0.73	/	( (1.709	+	2.507)	/ 2 )
=	-1 * -0.73	/	2.108
=	34.63 %

where

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.243	+	0.466
=	1.709

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.593	+	0.914
=	2.507

Southern Concepts Restaurant Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2016 )	+	Total Debt (Q: Sep. 2016 ))	/ count )
=	-1 * -0.752	/	( (1.874	+	2.933)	/ 2 )
=	-1 * -0.752	/	2.4035
=	31.29 %

where

	Total Debt (Q: Jun. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.459	+	0.415
=	1.874

	Total Debt (Q: Sep. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.352	+	1.581
=	2.933

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

Southern Concepts Restaurant Group (OTCPK:RIBS) Effective Interest Rate on Debt % Explanation

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

Southern Concepts Restaurant Group Effective Interest Rate on Debt % Related Terms

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Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Southern Concepts Restaurant Group Inc (OTCPK:RIBS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 PGA Boulevard, Suite 305, Palm Beach Gardens, FL, USA, 33410

Website

http://www.southernconcepts.com

Southern Concepts Restaurant Group Inc is a Shell company.

Executives

Kenneth A Cutshaw

director

C/O CRAWFORD & COMPANY, 1001 SUMMIT BLVD, ATLANTA GA 30319

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