Sina Finance and Credit Co (XTEH:VSIN1) Effective Interest Rate on Debt % : 335.84% (As of Mar. 2014)

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What is Sina Finance and Credit Co 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. Sina Finance and Credit Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2014 was IRR16,024,000 Mil. Sina Finance and Credit Co's average total debt for the quarter that ended in Mar. 2014 was IRR4,771,299 Mil. Therefore, Sina Finance and Credit Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2014 was 335.84%.

Sina Finance and Credit Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sina Finance and Credit Co'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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Sina Finance and Credit Co Effective Interest Rate on Debt % Chart

Sina Finance and Credit Co Annual Data

Trend

Mar12

Mar13

Mar14

Effective Interest Rate on Debt %

288.09

335.84

Sina Finance and Credit Co Semi-Annual Data
	Mar12	Mar13	Mar14
Effective Interest Rate on Debt %	-	288.09	335.84

Competitive Comparison of Sina Finance and Credit Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Sina Finance and Credit Co'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.

Sina Finance and Credit Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sina Finance and Credit Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sina Finance and Credit Co's Effective Interest Rate on Debt % falls into.

Sina Finance and Credit Co Effective Interest Rate on Debt % Calculation

Sina Finance and Credit Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2013 )	+	Total Debt (A: Mar. 2014 ))	/ count )
=	-1 * -16024000	/	( (4146551	+	5396046)	/ 2 )
=	-1 * -16024000	/	4771298.5
=	335.84 %

where

	Total Debt (A: Mar. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4146551	+	0
=	4146551

	Total Debt (A: Mar. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5396046	+	0
=	5396046

Sina Finance and Credit Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2013 )	+	Total Debt (Q: Mar. 2014 ))	/ count )
=	-1 * -16024000	/	( (4146551	+	5396046)	/ 2 )
=	-1 * -16024000	/	4771298.5
=	335.84 %

where

	Total Debt (Q: Mar. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4146551	+	0
=	4146551

	Total Debt (Q: Mar. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5396046	+	0
=	5396046

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

Sina Finance and Credit Co (XTEH:VSIN1) Effective Interest Rate on Debt % Explanation

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

Sina Finance and Credit Co Effective Interest Rate on Debt % Related Terms

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Sina Finance and Credit Co (XTEH:VSIN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sina Finance and Credit Co (XTEH:VSIN1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 187 Motahari Avenue, Tehran, IRN, 1587998411

Website

http://www.sinabank.ir

Sina Finance and Credit Co is a credit and finance company. Its business activities consist of monetary, financial and credential performances as well as other activities related to various parts of the economy and giving service to real and legal persons. The company also aims at funding various production, business and service units as well as granting credit facilities to various economic sectors. Sina offers various banking services including internet banking, mobile banking, telephone banking, loans, foreign exchange and SMS banking services.

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