SLDC (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 %

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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					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

	Total Debt (A: Nov. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.629
=	2.629

	Total Debt (A: Nov. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.742
=	2.742

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

	Total Debt (Q: Nov. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.629
=	2.629

	Total Debt (Q: Nov. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.742
=	2.742

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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Solidus Communications Inc (OTCPK:SLDC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 Williamson Boulevard, Unit 731544, Ormond Beach, FL, USA, 32174

Website

https://www.soliduscommunications.com

Solidus Communications Inc provides Voice over IP, wired and fixed wireless Internet service to home owner communities, and also provides hosting and software design services. The company along with its subsidiaries provides various integrated products and services under the Wireless Florida, WiFIBER, Advanced Satellite Systems, and Air2Land brands to business and residential customers in the United States and internationally. It operates in three segments; Business, Governmental, and Residential.

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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