Ceres Ventures (Ceres Ventures) Effective Interest Rate on Debt % : 54.88% (As of Sep. 2012)

View and export this data going back to 1995. Start your Free Trial

What is Ceres Ventures 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. Ceres Ventures's annualized positive value of Interest Expense for the quarter that ended in Sep. 2012 was $0.10 Mil. Ceres Ventures's average total debt for the quarter that ended in Sep. 2012 was $0.19 Mil. Therefore, Ceres Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2012 was 54.88%.

Ceres Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Ceres Ventures'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.

* Premium members only.

Ceres Ventures Effective Interest Rate on Debt % Chart

Ceres Ventures Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.00

8.53

25.36

1.68

Ceres Ventures Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	9.20	3.32	54.88

Competitive Comparison of Ceres Ventures's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Ceres Ventures'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.

Ceres Ventures's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

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

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

Ceres Ventures Effective Interest Rate on Debt % Calculation

Ceres Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2011 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2010 )	+	Total Debt (A: Dec. 2011 ))	/ count )
=	-1 * -0.001	/	( (0.007	+	0.112)	/ 2 )
=	-1 * -0.001	/	0.0595
=	1.68 %

where

	Total Debt (A: Dec. 2010 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.007
=	0.007

	Total Debt (A: Dec. 2011 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.012	+	0.1
=	0.112

Ceres Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2012 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2012 )	+	Total Debt (Q: Sep. 2012 ))	/ count )
=	-1 * -0.104	/	( (0.179	+	0.2)	/ 2 )
=	-1 * -0.104	/	0.1895
=	54.88 %

where

	Total Debt (Q: Jun. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.117	+	0.062
=	0.179

	Total Debt (Q: Sep. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.138	+	0.062
=	0.2

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. 2012) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ceres Ventures (OTCPK:CEVE) Effective Interest Rate on Debt % Explanation

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

Ceres Ventures Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Ceres Ventures's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ceres Ventures (Ceres Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ceres Ventures Inc (OTCPK:CEVE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

430 Park Avenue, Suite 702, New York, NY, USA, 10022

Website

http://ceresventures.com

Ceres Ventures Inc to identify, acquire and develop a comprehensive portfolio of technologies relating to clean resources technologies which it believe has potential for global commercialization and application.

Executives

Meetesh V Patel	director	8775 CENTRE PARK DRIVE, # 210, COLUMBIA MD 21045
Joseph Sierchio	director, 10 percent owner	430 PARK AVENUE, SUITE 702, NEW YORK NY 10022
Jeet Sidhu	director	5667 SUNRISE CRESCENT WEST, SURREY, BC A1 V3S 7M4
Harmel S Rayat	10 percent owner	700 - 688 WEST HASTINGS STREET, VANCOUVER A1 V6B 1P1
1420525 Alberta Ltd.	10 percent owner	1628 WEST 1ST AVENUE, SUITE 216, VANCOUVER A1 V6J1G1
Derek Cooper	director, officer: Secretary/Treasurer

Ceres Ventures (Ceres Ventures) Headlines

No Headlines