Greenchek Technology (Greenchek Technology) Effective Interest Rate on Debt % : 133.33% (As of Nov. 2010)

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What is Greenchek Technology 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. Greenchek Technology's annualized positive value of Interest Expense for the quarter that ended in Nov. 2010 was $0.21 Mil. Greenchek Technology's average total debt for the quarter that ended in Nov. 2010 was $0.16 Mil. Therefore, Greenchek Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2010 was 133.33%.

Greenchek Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Greenchek Technology'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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Greenchek Technology Effective Interest Rate on Debt % Chart

Greenchek Technology Annual Data

Trend

Feb07

Feb08

Feb09

Feb10

Effective Interest Rate on Debt %

424.58

Greenchek Technology Quarterly Data
	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										0.20	22.45	76.49	69.65	133.33

Competitive Comparison of Greenchek Technology's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, Greenchek Technology'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.

Greenchek Technology's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenchek Technology's Effective Interest Rate on Debt % distribution charts can be found below:

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

Greenchek Technology Effective Interest Rate on Debt % Calculation

Greenchek Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2009 )	+	Total Debt (A: Feb. 2010 ))	/ count )
=	-1 * -1.019	/	( (0	+	0.24)	/ 1 )
=	-1 * -1.019	/	0.24
=	424.58 %

where

	Total Debt (A: Feb. 2009 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Feb. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.161	+	0.079
=	0.24

Greenchek Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2010 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2010 )	+	Total Debt (Q: Nov. 2010 ))	/ count )
=	-1 * -0.212	/	( (0.14	+	0.178)	/ 2 )
=	-1 * -0.212	/	0.159
=	133.33 %

where

	Total Debt (Q: Aug. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.14
=	0.14

	Total Debt (Q: Nov. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.178
=	0.178

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 (Nov. 2010) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Greenchek Technology (OTCPK:GCHK) Effective Interest Rate on Debt % Explanation

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

Greenchek Technology Effective Interest Rate on Debt % Related Terms

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Greenchek Technology (Greenchek Technology) Business Description

Industry

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Traded in Other Exchanges

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Address

7901 4th St. N, Suite 6394, Saint Petersburg, FL, USA, 33702

Website

http://www.greenchektech.com

Greenchek Technology Inc is engaged in manufacturing, marketing, and distributing of products designed to reduce gas emissions by motor vehicles through the use of hydrogen technology. The company's product ERD provides Emission Reduction and Fuel enhancement Technology. It serves Heavy Goods Vehicles; Locomotives; Buses; Automobiles and Generators markets. The company's segment includes Hydrogen energy for emission reduction and Hydrogen energy based Cryptocurrency self mining.

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