Corebridge Financial (Corebridge Financial) Effective Interest Rate on Debt % : 4.64% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Corebridge Financial 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. Corebridge Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $552 Mil. Corebridge Financial's average total debt for the quarter that ended in Mar. 2024 was $11,885 Mil. Therefore, Corebridge Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.64%.

Corebridge Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Corebridge Financial'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.

Corebridge Financial Effective Interest Rate on Debt % Chart

Corebridge Financial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.36

2.89

3.44

4.27

Corebridge Financial Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										5.02	4.45	4.50	4.66	4.64

Competitive Comparison of Corebridge Financial's Effective Interest Rate on Debt %

For the Asset Management subindustry, Corebridge Financial'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.

Corebridge Financial's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corebridge Financial's Effective Interest Rate on Debt % distribution charts can be found below:

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

Corebridge Financial Effective Interest Rate on Debt % Calculation

Corebridge Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -580	/	( (15326	+	11872)	/ 2 )
=	-1 * -580	/	13599
=	4.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13826	+	1500
=	15326

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11622	+	250
=	11872

Corebridge Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -552	/	( (11872	+	11898)	/ 2 )
=	-1 * -552	/	11885
=	4.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11622	+	250
=	11872

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11648	+	250
=	11898

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Corebridge Financial (NYSE:CRBG) Effective Interest Rate on Debt % Explanation

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

Corebridge Financial Effective Interest Rate on Debt % Related Terms

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

Corebridge Financial (Corebridge Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corebridge Financial Inc (NYSE:CRBG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AS5:Germany

Address

2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019

Website

https://www.corebridgefinancial.com

Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.

Executives

American International Group, Inc.	10 percent owner	1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne	officer: Pres of Financial Distributors	7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin	officer: President of Life Insurance	4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky	officer: Pres of Individual Retirement	405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr	officer: Chief Risk Officer	39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith	officer: Chief Operating Officer	42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino	officer: Chief Investment Officer	C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance	officer: Head of Strategy	1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson	officer: Chief Risk Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer	officer: Chief Marketing Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith	officer: Chief Human Resources Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler	officer: President Retirement Services	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash	officer: President, IR and Life	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak	officer: President of IM	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey	officer: Chief Operating Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367