Sense Technologies (Sense Technologies) Effective Interest Rate on Debt % : 15.09% (As of Nov. 2016)

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What is Sense Technologies 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. Sense Technologies's annualized positive value of Interest Expense for the quarter that ended in Nov. 2016 was $0.53 Mil. Sense Technologies's average total debt for the quarter that ended in Nov. 2016 was $3.53 Mil. Therefore, Sense Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2016 was 15.09%.

Sense Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Sense Technologies'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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Sense Technologies Effective Interest Rate on Debt % Chart

Sense Technologies Annual Data

Trend

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Effective Interest Rate on Debt %

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14.60

10.79

10.63

9.29

8.37

Sense Technologies Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.48	6.38	9.79	11.38	15.09

Competitive Comparison of Sense Technologies's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Sense Technologies'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.

Sense Technologies's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sense Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sense Technologies Effective Interest Rate on Debt % Calculation

Sense Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2015 )	+	Total Debt (A: Feb. 2016 ))	/ count )
=	-1 * -0.186	/	( (1.999	+	2.445)	/ 2 )
=	-1 * -0.186	/	2.222
=	8.37 %

where

	Total Debt (A: Feb. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.385	+	1.614
=	1.999

	Total Debt (A: Feb. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.063	+	2.382
=	2.445

Sense Technologies'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: Aug. 2016 )	+	Total Debt (Q: Nov. 2016 ))	/ count )
=	-1 * -0.532	/	( (2.535	+	4.517)	/ 2 )
=	-1 * -0.532	/	3.526
=	15.09 %

where

	Total Debt (Q: Aug. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.051	+	2.484
=	2.535

	Total Debt (Q: Nov. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.079	+	3.438
=	4.517

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

Sense Technologies (OTCPK:SNSGF) Effective Interest Rate on Debt % Explanation

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

Sense Technologies Effective Interest Rate on Debt % Related Terms

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Sense Technologies (Sense Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sense Technologies Inc (OTCPK:SNSGF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2535 North Carleton Avenue, Grand Island, NE, USA, 68803

Website

http://www.sensetech.com

Sense Technologies Inc. is a developer and marketer of driver aids for the automotive industry. The Company holds a non-exclusive license to manufacture, distribute, market and sell the ScopeOut product, a system of specially designed mirrors which are placed at specific points on automobiles, trucks, sport utility vehicles or commercial vehicles to offer drivers a more complete view behind the vehicle.

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