Helios Fairfax Partners (Helios Fairfax Partners) Effective Interest Rate on Debt % : 5.33% (As of Dec. 2023)

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What is Helios Fairfax Partners 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. Helios Fairfax Partners's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.67 Mil. Helios Fairfax Partners's average total debt for the quarter that ended in Dec. 2023 was $50.12 Mil. Therefore, Helios Fairfax Partners's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.33%.

Helios Fairfax Partners Effective Interest Rate on Debt % Historical Data

The historical data trend for Helios Fairfax Partners'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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Helios Fairfax Partners Effective Interest Rate on Debt % Chart

Helios Fairfax Partners Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.62

2.74

3.63

6.76

Helios Fairfax Partners 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															3.65	3.59	3.62	3.67	5.33

Competitive Comparison of Helios Fairfax Partners's Effective Interest Rate on Debt %

For the Asset Management subindustry, Helios Fairfax Partners'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.

Helios Fairfax Partners's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Helios Fairfax Partners's Effective Interest Rate on Debt % falls into.

Helios Fairfax Partners Effective Interest Rate on Debt % Calculation

Helios Fairfax Partners'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 * -3.372	/	( (99.226	+	0.548)	/ 2 )
=	-1 * -3.372	/	49.887
=	6.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	99.226	+	0
=	99.226

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.548	+	0
=	0.548

Helios Fairfax Partners'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 * -2.672	/	( (99.686	+	0.548)	/ 2 )
=	-1 * -2.672	/	50.117
=	5.33 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	99.686	+	0
=	99.686

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.548	+	0
=	0.548

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.

Helios Fairfax Partners (OTCPK:FFXXF) Effective Interest Rate on Debt % Explanation

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

Helios Fairfax Partners Effective Interest Rate on Debt % Related Terms

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Helios Fairfax Partners (Helios Fairfax Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Helios Fairfax Partners Corp (OTCPK:FFXXF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

3UD:Germany HFPC.U:Canada

Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.heliosinvestment.com

Helios Fairfax Partners Corp is an investment holding company whose investment objective is to achieve long-term capital appreciation while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses. It is also engaged in property and casualty insurance and reinsurance business.