SOLE (Sole Elite Group) Effective Interest Rate on Debt %: 6.75% (As of Dec. 2014)


What is Sole Elite Group Effective Interest Rate on Debt %?

Sole Elite Group SOLE Effective Interest Rate on Debt % is 6.75% as of Dec. 2014.

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. Sole Elite Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2014 was $0.14 Mil. Sole Elite Group's average total debt for the quarter that ended in Dec. 2014 was $2.08 Mil. Therefore, Sole Elite Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2014 was 6.75%.

Sole Elite Group  (NAS:SOLE) Effective Interest Rate on Debt % Explanation

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

Sole Elite Group Effective Interest Rate on Debt % Related Terms

Sole Elite Group Effective Interest Rate on Debt % Historical Data

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The historical data trend for Sole Elite 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.

Sole Elite Group Effective Interest Rate on Debt % Chart

Sole Elite Group Annual Data
Trend Dec12 Dec13 Dec14
Effective Interest Rate on Debt %
9.04 7.56 6.75

Sole Elite Group Semi-Annual Data
Dec12 Dec13 Dec14
Effective Interest Rate on Debt % 9.04 7.56 6.75

SOLE vs FORD, JCLY, TLF: Effective Interest Rate on Debt % Comparison

For the Footwear & Accessories subindustry, Sole Elite 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.

Sole Elite Group Effective Interest Rate on Debt % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sole Elite Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sole Elite Group's Effective Interest Rate on Debt % falls into.


Sole Elite Group Effective Interest Rate on Debt % Calculation

Sole Elite Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2013 )+Total Debt  (A: Dec. 2014 ))/ count )
=-1  *  -0.14/( (2.305+1.846)/ 2 )
=-1  *  -0.14/2.0755
=6.75 %

where

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.305
=2.305

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.846
=1.846

Sole Elite Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2013 )+Total Debt  (Q: Dec. 2014 ))/ count )
=-1  *  -0.14/( (2.305+1.846)/ 2 )
=-1  *  -0.14/2.0755
=6.75 %

where

Total Debt  (Q: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.305
=2.305

Total Debt  (Q: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.846
=1.846

* 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 (Dec. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 6.75% mean?
Sole Elite Group (SOLE) has a Effective Interest Rate on Debt % of 6.75% as of Dec. 2014. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sole Elite Group and its competitors.
Is Sole Elite Group's Effective Interest Rate on Debt % too high?
Sole Elite Group's current Effective Interest Rate on Debt % is 6.75%.
How does Sole Elite Group's Effective Interest Rate on Debt % compare to FORD and JCLY?
Sole Elite Group's Effective Interest Rate on Debt % of 6.75% can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Manufacturing - Apparel & Accessories company?
A good Effective Interest Rate on Debt % depends on the Manufacturing - Apparel & Accessories industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sole Elite Group and its competitors. Sole Elite Group's current Effective Interest Rate on Debt % is 6.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sole Elite Group stock overvalued right now?
Sole Elite Group (SOLE) has a current Effective Interest Rate on Debt % of 6.75%. The current Effective Interest Rate on Debt % is 6.75%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Sole Elite Group (SOLE), the current Effective Interest Rate on Debt % is 6.75% as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sole Elite Group Business Description

Sole Elite Group Ltd was formed on December 10, 2014. The Company, through its subsidiaries, is engaged in the business of designing, producing and selling shoe soles. It has four product lines: RB soles, MD soles, single color IP sole and dual color IP sole products. Its manufacturing facilities in China are located in Jinjiang, Fujian Province, which has a high concentration of footwear industry participants. Sports shoe soles are made of various materials, such as EVA, RB, PU, TPE, and TPU. The core materials of shoe soles are EVA and RB. The principal raw materials used in the production of its products are EVA, rubber, TPU, color dyes and other chemical additives. Its raw materials are sourced suppliers in the PRC located in Quanzhou, Fujian Province, which is close to its production facilities. It sells products to sportswear manufacturers that are based in China, including a number of companies in the athletic wear market, including Li-Ning, 361º, ERKE and Anta. It also sells products to OEM footwear companies for international athletic brands, such as Taiwan Ching Luh, which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour in Asia. Customers use its products as components in the athletic footwear that it sells to end consumers, athletic wear companies and shoe distributors. Its customer includes Fujian Ching Luh Shoes Co., Ltd., which is an OEM footwear company that is a supplier to Adidas, Reebok, Mizuno and Under Armour. Its direct competition comes from various shoe sole production companies in China, such as Multi Sports Holding Ltd., Victory New Materials Limited Company, Fenghua SoleTech AG, Tai Ya Shoes Co., Ltd., Mao Tai (Fujian) Soles Co., Ltd. and Xing Quan International Sports Holdings Limited. It currently hold four PRC patents. The Company is subject to all China's national and local laws and regulations, including those related to environmental protection, foreign currency, property ownership and taxation.