Futuris Co (Futuris Co) Effective Interest Rate on Debt % : 1.30% (As of Jul. 2020)

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What is Futuris 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. Futuris Co's annualized positive value of Interest Expense for the quarter that ended in Jul. 2020 was $0.03 Mil. Futuris Co's average total debt for the quarter that ended in Jul. 2020 was $2.08 Mil. Therefore, Futuris Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2020 was 1.30%.

Futuris Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Futuris 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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Futuris Co Effective Interest Rate on Debt % Chart

Futuris Co Annual Data

Trend

Mar99

Mar00

Mar01

Mar02

Mar03

Mar04

Jul20

Effective Interest Rate on Debt %

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3.79

2.61

1.30

Futuris Co Semi-Annual Data
	Mar99	Mar00	Mar01	Mar02	Mar03	Mar04	Jul20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	3.79	2.61	1.30

Competitive Comparison of Futuris Co's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Futuris 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.

Futuris Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Futuris Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Futuris Co's Effective Interest Rate on Debt % falls into.

Futuris Co Effective Interest Rate on Debt % Calculation

Futuris Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2004 )	+	Total Debt (A: Jul. 2020 ))	/ count )
=	-1 * -0.027	/	( (1.379	+	2.79)	/ 2 )
=	-1 * -0.027	/	2.0845
=	1.30 %

where

	Total Debt (A: Mar. 2004 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.379
=	1.379

	Total Debt (A: Jul. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.79
=	2.79

Futuris Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2004 )	+	Total Debt (Q: Jul. 2020 ))	/ count )
=	-1 * -0.027	/	( (1.379	+	2.79)	/ 2 )
=	-1 * -0.027	/	2.0845
=	1.30 %

where

	Total Debt (Q: Mar. 2004 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.379
=	1.379

	Total Debt (Q: Jul. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.79
=	2.79

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 (Jul. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Futuris Co (OTCPK:FTRS) Effective Interest Rate on Debt % Explanation

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

Futuris Co Effective Interest Rate on Debt % Related Terms

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Futuris Co (Futuris Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Futuris Co (OTCPK:FTRS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

WAR:HRC NSE:DYNAMIC OSTO:NJOB GXXM BOM:539697 NSE:ACEINTEG XAMS:MORE ASX:HMI LSE:RTC XAMS:DPA

Traded in Other Exchanges

N/A

Address

22 Baltimore Road, Rockville, MD, USA, 20850

Website

https://www.futuris.company

Futuris Co is a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing, and consulting companies that are specialized in professional service verticals such as medical, accounting/finance, information technology, recruitment process outsourcing (RPO), and human resources. The company is committed to building a staffing company through targeted and accretive acquisitions and operational efficiencies.