3 Sixty Risk Solutions (3 Sixty Risk Solutions) Effective Interest Rate on Debt % : 10.74% (As of Sep. 2019)

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What is 3 Sixty Risk Solutions 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. 3 Sixty Risk Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $0.58 Mil. 3 Sixty Risk Solutions's average total debt for the quarter that ended in Sep. 2019 was $5.37 Mil. Therefore, 3 Sixty Risk Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 10.74%.

3 Sixty Risk Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for 3 Sixty Risk Solutions'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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3 Sixty Risk Solutions Effective Interest Rate on Debt % Chart

3 Sixty Risk Solutions Annual Data

Trend

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Effective Interest Rate on Debt %

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3 Sixty Risk Solutions Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	10.02	14.85	10.74

Competitive Comparison of 3 Sixty Risk Solutions's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, 3 Sixty Risk Solutions'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.

3 Sixty Risk Solutions's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, 3 Sixty Risk Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 3 Sixty Risk Solutions's Effective Interest Rate on Debt % falls into.

3 Sixty Risk Solutions Effective Interest Rate on Debt % Calculation

3 Sixty Risk Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2017 )	+	Total Debt (A: Sep. 2018 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

	Total Debt (A: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

3 Sixty Risk Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -0.576	/	( (4.547	+	6.183)	/ 2 )
=	-1 * -0.576	/	5.365
=	10.74 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.583	+	0.964
=	4.547

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.158	+	2.025
=	6.183

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

3 Sixty Risk Solutions (OTCPK:SAYFF) Effective Interest Rate on Debt % Explanation

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

3 Sixty Risk Solutions Effective Interest Rate on Debt % Related Terms

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3 Sixty Risk Solutions (3 Sixty Risk Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » 3 Sixty Risk Solutions Ltd (OTCPK:SAYFF) » Definitions » Effective Interest Rate on Debt %

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Address

12-83 Little Bridge Street, Almonte, ON, CAN, V6C 2V6

Website

https://www.3sixtysecure.com

3 Sixty Risk Solutions Ltd provides risk mitigation services to the public and private sectors. It offers services primarily in the risk management spectrum, from providing secure transport services nationally, to embedding security specialists within Canada. The company also is focused on physical security and transportation within the cannabis industry. It also provides corporate knowledge and experience in diverse environments and sectors across Canada and Internationally including cannabis, critical infrastructure, non-core policing, oil and gas, and mining.