Equitable Holdings (Equitable Holdings) Effective Interest Rate on Debt % : 4.15% (As of Dec. 2023)

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What is Equitable Holdings 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. Equitable Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $228 Mil. Equitable Holdings's average total debt for the quarter that ended in Dec. 2023 was $5,497 Mil. Therefore, Equitable Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.15%.

Equitable Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Equitable Holdings'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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Equitable Holdings Effective Interest Rate on Debt % Chart

Equitable Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.88

4.68

5.11

3.88

4.20

Equitable Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.04	4.45	3.98	4.13	4.15

Competitive Comparison of Equitable Holdings's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Equitable Holdings'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.

Equitable Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Equitable Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Equitable Holdings Effective Interest Rate on Debt % Calculation

Equitable Holdings'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 * -228	/	( (5231	+	5633)	/ 2 )
=	-1 * -228	/	5432
=	4.20 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4472	+	759
=	5231

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5379	+	254
=	5633

Equitable Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -228	/	( (5361	+	5633)	/ 2 )
=	-1 * -228	/	5497
=	4.15 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5361	+	0
=	5361

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5379	+	254
=	5633

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Equitable Holdings (NYSE:EQH) Effective Interest Rate on Debt % Explanation

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

Equitable Holdings Effective Interest Rate on Debt % Related Terms

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Equitable Holdings (Equitable Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Equitable Holdings Inc (NYSE:EQH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EQHpC.PFD:USA EQHpA.PFD:USA AXJ:Germany

Address

1290 Avenue of the Americas, New York, NY, USA, 10104

Website

https://www.equitable.com

Equitable Holdings Inc is a financial services company in the us. The company provides variable annuities, tax-deferred investment and retirement plans, employee benefits, and protection solutions for individuals, families, and small businesses. Its business segments include Individual Retirement, Group Retirement, Investment Management, Research, and Protection Solutions. The Individual Retirement segment offers annuity products, the Group Retirement segment provides tax-deferred investment and retirement services, Investment Management and Research segment consist of diversified investment management, research, and related services, and the Protection Solutions segment focuses on life insurance products.

Executives

Nick Lane	officer: (See Remarks)	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Daniel G Kaye	director	1742 APPLEBY ROAD, INVERNESS IL 60067
Eckert William James Iv	officer: SVP, CAO and Controller	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Mark Pearson	director, officer: President and CEO	C/O ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kristi Ann Matus	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Robin M Raju	officer: Senior EVP & CFO	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Bertram L Scott	director	C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Jeffrey J Hurd	officer: Senior EVP & COO	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Arlene Isaacs-lowe	director	C/O XENIA HOTELS & RESORTS, INC., 200 S. ORANGE AVENUE, SUITE 2700, ORLANDO FL 32801
Craig C Mackay	director	75 WEST 125TH STREET, NEW YORK NY 10027
Stonehill Charles G.t.	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Jose Ramon Gonzalez	officer: SEVP & Chief Legal Officer	1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Anders Malmstrom	officer: Senior EVP & CFO	C/O ALLIANCEBERNSTEIN HOLDING LP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Dave S. Hattem	officer: Senior EVP & GC	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Francis Hondal	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104