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Solar Energy Initiatives (Solar Energy Initiatives) Effective Interest Rate on Debt % : 144.30% (As of Apr. 2013)


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What is Solar Energy Initiatives 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. Solar Energy Initiatives's annualized positive value of Interest Expense for the quarter that ended in Apr. 2013 was $0.27 Mil. Solar Energy Initiatives's average total debt for the quarter that ended in Apr. 2013 was $0.19 Mil. Therefore, Solar Energy Initiatives's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2013 was 144.30%.


Solar Energy Initiatives Effective Interest Rate on Debt % Historical Data

The historical data trend for Solar Energy Initiatives'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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Solar Energy Initiatives Effective Interest Rate on Debt % Chart

Solar Energy Initiatives Annual Data
Trend Jul07 Jul08 Jul09 Jul10 Jul11 Jul12
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - - 68.06 293.83 122.37

Solar Energy Initiatives Quarterly Data
Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13
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 80.32 337.85 143.51 105.66 144.30

Competitive Comparison of Solar Energy Initiatives's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Solar Energy Initiatives'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.


Solar Energy Initiatives's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Solar Energy Initiatives's Effective Interest Rate on Debt % distribution charts can be found below:

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



Solar Energy Initiatives Effective Interest Rate on Debt % Calculation

Solar Energy Initiatives's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2011 )+Total Debt  (A: Jul. 2012 ))/ count )
=-1  *  -0.134/( (0.099+0.12)/ 2 )
=-1  *  -0.134/0.1095
=122.37 %

where

Solar Energy Initiatives's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2013 )+Total Debt  (Q: Apr. 2013 ))/ count )
=-1  *  -0.272/( (0.176+0.201)/ 2 )
=-1  *  -0.272/0.1885
=144.30 %

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 four times the quarterly (Apr. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Solar Energy Initiatives  (OTCPK:SNRY) Effective Interest Rate on Debt % Explanation

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


Solar Energy Initiatives Effective Interest Rate on Debt % Related Terms

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Solar Energy Initiatives (Solar Energy Initiatives) Business Description

Traded in Other Exchanges
N/A
Address
2245 Texas Drive, Suite 300, Sugar Land, TX, USA, 77479
Solar Energy Initiatives Inc offers cybersecurity simulation and educational content - the tools to mitigate vulnerabilities and bolster cyber defense.

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