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China Precision Steel (China Precision Steel) Effective Interest Rate on Debt % : 8.32% (As of Dec. 2014)


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What is China Precision Steel 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. China Precision Steel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2014 was $3.67 Mil. China Precision Steel's average total debt for the quarter that ended in Dec. 2014 was $44.07 Mil. Therefore, China Precision Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2014 was 8.32%.


China Precision Steel Effective Interest Rate on Debt % Historical Data

The historical data trend for China Precision Steel'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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China Precision Steel Effective Interest Rate on Debt % Chart

China Precision Steel Annual Data
Trend Dec04 Dec05 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 5.88 6.99 8.11 9.18

China Precision Steel Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 8.50 8.25 11.41 8.45 8.32

Competitive Comparison of China Precision Steel's Effective Interest Rate on Debt %

For the Steel subindustry, China Precision Steel'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.


China Precision Steel's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Precision Steel's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where China Precision Steel's Effective Interest Rate on Debt % falls into.



China Precision Steel Effective Interest Rate on Debt % Calculation

China Precision Steel's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2013 )+Total Debt  (A: Jun. 2014 ))/ count )
=-1  *  -4.045/( (44.229+43.933)/ 2 )
=-1  *  -4.045/44.081
=9.18 %

where

Total Debt  (A: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 44.229
=44.229

Total Debt  (A: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 43.933
=43.933

China Precision Steel'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: Sep. 2014 )+Total Debt  (Q: Dec. 2014 ))/ count )
=-1  *  -3.668/( (44.217+43.916)/ 2 )
=-1  *  -3.668/44.0665
=8.32 %

where

Total Debt  (Q: Sep. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 44.217
=44.217

Total Debt  (Q: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 43.916
=43.916

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


China Precision Steel  (OTCPK:CPSL) Effective Interest Rate on Debt % Explanation

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


China Precision Steel Effective Interest Rate on Debt % Related Terms

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China Precision Steel (China Precision Steel) Business Description

Industry
Traded in Other Exchanges
N/A
Address
China Precision Steel Inc is a steel processing company. The firm through its subsidiaries manufacture and sell cold rolled precision steel products for applications including automobile components and spare parts, kitchen tools, electrical appliances, roofing and food packaging materials. The company conducts its operations mainly in China.
Executives
Michael Friess director, officer: Secretary 5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303

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