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Solidus Communications (Solidus Communications) Effective Interest Rate on Debt % : 32.55% (As of Nov. 2016)


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What is Solidus Communications 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. Solidus Communications's annualized positive value of Interest Expense for the quarter that ended in Nov. 2016 was $0.87 Mil. Solidus Communications's average total debt for the quarter that ended in Nov. 2016 was $2.69 Mil. Therefore, Solidus Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2016 was 32.55%.


Solidus Communications Effective Interest Rate on Debt % Historical Data

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

Solidus Communications Annual Data
Trend Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.42 15.29 6.36 49.94 32.55

Solidus Communications Semi-Annual Data
Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.42 15.29 6.36 49.94 32.55

Competitive Comparison of Solidus Communications's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Solidus Communications'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.


Solidus Communications's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Solidus Communications's Effective Interest Rate on Debt % distribution charts can be found below:

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



Solidus Communications Effective Interest Rate on Debt % Calculation

Solidus Communications's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2015 )+Total Debt  (A: Nov. 2016 ))/ count )
=-1  *  -0.874/( (2.629+2.742)/ 2 )
=-1  *  -0.874/2.6855
=32.55 %

where

Solidus Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2015 )+Total Debt  (Q: Nov. 2016 ))/ count )
=-1  *  -0.874/( (2.629+2.742)/ 2 )
=-1  *  -0.874/2.6855
=32.55 %

where

* 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 one times the annual (Nov. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Solidus Communications  (OTCPK:SLDC) Effective Interest Rate on Debt % Explanation

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


Solidus Communications Effective Interest Rate on Debt % Related Terms

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Solidus Communications (Solidus Communications) Business Description

Traded in Other Exchanges
N/A
Address
454 South Yonge Street, Suite 3A, Ormond Beach, FL, USA, 32174
Solidus Communications Inc offers telecommunication services and equipment, including mobile phones, mobile voice service, and VoIP service. It offers prepaid service/plans that include predefined minute/unlimited minute plans. It offers services under the brand names Amgentech and Telco Cuba. Under the brand name Telco Cuba, the company is targeting the Cuban American demographic in the United States. Under the brand name Amgentech, offers the best of breed technology solutions which include, but are not limited to Software and Network architecture services, software development, website development, hosting and colocation services, managed network and server services, voice over IP servers and bulk mailing services.
Executives
Jmz Alliance Group, Inc. 10 percent owner 1108 KANE CONCOURSE, #206, HARBOR ISLANDS FL 33154
Pucillo Frederick J. Jr. director, officer: CEO, President 111 AIRPORT RD., UNIT 5, WARWICK RI 02889
Malkeet Singh Bains director, 10 percent owner, officer: President, Secretary-Treasurer 7445 132ND STREET, SUITE 2008, SURREY A1 V3W 5S8

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