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Coventry Health Care, (FRA:HCA) Effective Interest Rate on Debt % : 6.24% (As of Mar. 2013)


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What is Coventry Health Care, 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. Coventry Health Care,'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2013 was €76 Mil. Coventry Health Care,'s average total debt for the quarter that ended in Mar. 2013 was €1,216 Mil. Therefore, Coventry Health Care,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2013 was 6.24%.


Coventry Health Care, Effective Interest Rate on Debt % Historical Data

The historical data trend for Coventry Health Care,'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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Coventry Health Care, Effective Interest Rate on Debt % Chart

Coventry Health Care, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.59 4.65 5.27 5.81 5.85

Coventry Health Care, Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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 5.99 6.37 6.14 6.16 6.24

Competitive Comparison of Coventry Health Care,'s Effective Interest Rate on Debt %

For the Healthcare Plans subindustry, Coventry Health Care,'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.


Coventry Health Care,'s Effective Interest Rate on Debt % Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Coventry Health Care,'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Coventry Health Care,'s Effective Interest Rate on Debt % falls into.



Coventry Health Care, Effective Interest Rate on Debt % Calculation

Coventry Health Care,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2011 )+Total Debt  (A: Dec. 2012 ))/ count )
=-1  *  -75.795/( (1382.138+1207.915)/ 2 )
=-1  *  -75.795/1295.0265
=5.85 %

where

Total Debt  (A: Dec. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1204.372 + 177.766
=1382.138

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1207.915 + 0
=1207.915

Coventry Health Care,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2012 )+Total Debt  (Q: Mar. 2013 ))/ count )
=-1  *  -75.908/( (1207.915+1223.861)/ 2 )
=-1  *  -75.908/1215.888
=6.24 %

where

Total Debt  (Q: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1207.915 + 0
=1207.915

Total Debt  (Q: Mar. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1223.861 + 0
=1223.861

* 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 (Mar. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Coventry Health Care,  (FRA:HCA) Effective Interest Rate on Debt % Explanation

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


Coventry Health Care, Effective Interest Rate on Debt % Related Terms

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Coventry Health Care, (FRA:HCA) Business Description

Traded in Other Exchanges
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Address
Website
Coventry Health Care, Inc. was incorporated under the laws of the State of Delaware on December 17, 1997 and is the successor to Coventry Corporation, which was incorporated on November 21, 1986. The Company provides risk and fee-based managed care products and services to a cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. Its operations are segmented into three - Commercial Products, Government Programs and Workers' Compensation. The Commercial Products segment provides health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans, and Medicaid products. Its health plans offer commercial risk products, including health maintenance organization, preferred provider organization, and point of service products to individuals and employer groups. This segment also provides health insurance benefits under the Federal Employees Health Benefits Program; and administrative services only products, such as medical claims administration, pharmacy benefits management, and utilization management and quality assurance programs. In addition, it offers consumer-directed benefit options comprising health reimbursement and savings accounts to commercial customers; provider network rental services through a PPO network to national, regional, and local third-party administrators, as well as insurance carriers; and coordination of mental health and substance abuse treatment services. The Government Programs segment offers Medicare Part D program that provides access to prescription drug coverage for eligible beneficiaries; and comprehensive health benefits on a risk basis to members participating in the Medicare Advantage CCP and Medicaid programs. Its Workers Compensation segment offers fee-based managed care services, such as provider network access, bill review, pharmacy benefit management, durable medical equipment and ancillary services, and care management services to underwriters and administrators of workers compensation insurance. The company serves individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators through direct sales staff, and independent insurance brokers and agents.