Horrison Resources (Horrison Resources) Effective Interest Rate on Debt % : 1,133.33% (As of Dec. 2017)

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What is Horrison Resources 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. Horrison Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2017 was $0.07 Mil. Horrison Resources's average total debt for the quarter that ended in Dec. 2017 was $0.01 Mil. Therefore, Horrison Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 was 1,133.33%.

Horrison Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Horrison Resources'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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Horrison Resources Effective Interest Rate on Debt % Chart

Horrison Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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7.27

Horrison Resources Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.64	-	-	190.48	1,133.33

Competitive Comparison of Horrison Resources's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Horrison Resources'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.

Horrison Resources's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Horrison Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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

Horrison Resources Effective Interest Rate on Debt % Calculation

Horrison Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -0.022	/	( (0	+	0)	/ 1 )
=	-1 * -0.022	/	0
=	N/A %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Horrison Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2017 )	+	Total Debt (Q: Dec. 2017 ))	/ count )
=	-1 * -0.068	/	( (0.006	+	0)	/ 1 )
=	-1 * -0.068	/	0.006
=	1,133.33 %

where

	Total Debt (Q: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.006
=	0.006

	Total Debt (Q: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Horrison Resources (OTCPK:HRSR) Effective Interest Rate on Debt % Explanation

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

Horrison Resources Effective Interest Rate on Debt % Related Terms

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Horrison Resources (Horrison Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horrison Resources Inc (OTCPK:HRSR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Hoi Bun Road, Unit L, 16th Floor, MG Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.hrsr.us

Horrison Resources Inc is engaged in planting, developing, researching, harvesting, cultivating, and growing plantations with a focus on Aquilaria species across the Asia regions.

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