ProText Mobility (ProText Mobility) Effective Interest Rate on Debt % : 86.29% (As of Sep. 2014)

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What is ProText Mobility 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. ProText Mobility's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was $1.22 Mil. ProText Mobility's average total debt for the quarter that ended in Sep. 2014 was $1.42 Mil. Therefore, ProText Mobility's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 86.29%.

ProText Mobility Effective Interest Rate on Debt % Historical Data

The historical data trend for ProText Mobility'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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ProText Mobility Effective Interest Rate on Debt % Chart

ProText Mobility Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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18.57

13.26

10.09

53.07

38.34

ProText Mobility Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															35.96	55.10	61.60	92.65	86.29

Competitive Comparison of ProText Mobility's Effective Interest Rate on Debt %

For the Biotechnology subindustry, ProText Mobility'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.

ProText Mobility's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ProText Mobility's Effective Interest Rate on Debt % distribution charts can be found below:

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

ProText Mobility Effective Interest Rate on Debt % Calculation

ProText Mobility's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -0.554	/	( (1.457	+	1.433)	/ 2 )
=	-1 * -0.554	/	1.445
=	38.34 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.457
=	1.457

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.004	+	1.429
=	1.433

ProText Mobility's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2014 )	+	Total Debt (Q: Sep. 2014 ))	/ count )
=	-1 * -1.224	/	( (1.417	+	1.42)	/ 2 )
=	-1 * -1.224	/	1.4185
=	86.29 %

where

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.417
=	1.417

	Total Debt (Q: Sep. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.42
=	1.42

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. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ProText Mobility (OTCPK:TXTM) Effective Interest Rate on Debt % Explanation

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

ProText Mobility Effective Interest Rate on Debt % Related Terms

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ProText Mobility (ProText Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ProText Mobility Inc (OTCPK:TXTM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One West Las Olas Boulevard, Suite 500, Fort Lauderdale, FL, USA, 33301

Website

https://www.protxtm.com

ProText Mobility Inc is a Biotech Company developing a Hemp/CBD - Cannabis medicines platform for the legal cannabis industry, using proprietary live plant extraction processes & technologies. Protext has engaged in the research, testing, and development of bioavailable botanical products all-natural ingredients formulated for nutraceuticals and pharmaceutical applications through proprietary live plant extraction technology.

Executives

Peter Sealey

director

37400 CENTRAL COURT, NEWARK CA 94560