Health Management Associates, (FRA:HMG) Effective Interest Rate on Debt % : 7.56% (As of Sep. 2013)

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What is Health Management Associates, 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. Health Management Associates,'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2013 was €212 Mil. Health Management Associates,'s average total debt for the quarter that ended in Sep. 2013 was €2,800 Mil. Therefore, Health Management Associates,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 was 7.56%.

Health Management Associates, Effective Interest Rate on Debt % Historical Data

The historical data trend for Health Management Associates,'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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Health Management Associates, Effective Interest Rate on Debt % Chart

Health Management Associates, Annual Data

Trend

Sep03

Sep04

Sep05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Effective Interest Rate on Debt %

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7.32

6.71

7.33

6.78

8.71

Health Management Associates, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.50	7.78	8.13	7.71	7.56

Competitive Comparison of Health Management Associates,'s Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Health Management Associates,'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.

Health Management Associates,'s Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Health Management Associates,'s Effective Interest Rate on Debt % distribution charts can be found below:

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

Health Management Associates, Effective Interest Rate on Debt % Calculation

Health Management Associates,'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 * -237.035	/	( (2722.459	+	2717.761)	/ 2 )
=	-1 * -237.035	/	2720.11
=	8.71 %

where

	Total Debt (A: Dec. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2657.333	+	65.126
=	2722.459

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2621.549	+	96.212
=	2717.761

Health Management Associates,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2013 )	+	Total Debt (Q: Sep. 2013 ))	/ count )
=	-1 * -211.676	/	( (2796.367	+	2803.3)	/ 2 )
=	-1 * -211.676	/	2799.8335
=	7.56 %

where

	Total Debt (Q: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2717.87	+	78.497
=	2796.367

	Total Debt (Q: Sep. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2720.437	+	82.863
=	2803.3

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

Health Management Associates, (FRA:HMG) Effective Interest Rate on Debt % Explanation

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

Health Management Associates, Effective Interest Rate on Debt % Related Terms

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Health Management Associates, (FRA:HMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Health Management Associates, Inc. (FRA:HMG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.hma-corp.com

Health Management Associates, Inc. was incorporated in Delaware in 1979 but began operations through a subsidiary that was formed in 1977. It became a public company in 1991. As of December 31, 2011, it operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The Company and its subsidiaries provide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Services provided by its hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care and pediatric services. It also provides outpatient services such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology and physical therapy. Additionally, some of the Company's hospitals provide specialty services in, among other areas, cardiology e.g., open-heart surgery, etc., neuro-surgery, oncology, radiation therapy, computer-assisted tomography 'CT' scanning, magnetic resonance imaging 'MRI', lithotripsy and full-service obstetrics.The Company's strategy is to deliver health care services and improve patient and physician satisfaction, improve operations of its hospitals, utilize efficient management and acquire strategic hospitals in non-urban communities. In many of the geographic areas where it operates, there are other hospitals that provide services comparable to those offered by its hospitals. The Company is subject to compliance with various federal, state and local environmental laws, rules and regulations, including, but not limited to, the disposal of medical waste generated by its operations.

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