GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conifer Holdings Inc (NAS:CNFR) » Definitions » Effective Interest Rate on Debt %

Conifer Holdings (Conifer Holdings) Effective Interest Rate on Debt % : 14.03% (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Conifer 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. Conifer Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3.51 Mil. Conifer Holdings's average total debt for the quarter that ended in Mar. 2024 was $25.00 Mil. Therefore, Conifer Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.03%.


Conifer Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Conifer 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.

* Premium members only.

Conifer Holdings Effective Interest Rate on Debt % Chart

Conifer Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.31 7.62 7.65 8.81 10.88

Conifer Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.09 9.65 11.54 13.43 14.03

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

For the Insurance - Property & Casualty subindustry, Conifer 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.


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

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

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



Conifer Holdings Effective Interest Rate on Debt % Calculation

Conifer 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  *  -3.206/( (33.876+25.061)/ 2 )
=-1  *  -3.206/29.4685
=10.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.876 + 0
=33.876

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.061 + 0
=25.061

Conifer Holdings'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  *  -3.508/( (25.061+24.946)/ 2 )
=-1  *  -3.508/25.0035
=14.03 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.061 + 0
=25.061

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.946 + 0
=24.946

* 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.

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.


Conifer Holdings  (NAS:CNFR) Effective Interest Rate on Debt % Explanation

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


Conifer Holdings Effective Interest Rate on Debt % Related Terms

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


Conifer Holdings (Conifer Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
550 West Merrill Street, Suite 200, Birmingham, MI, USA, 48009
Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses; commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.
Executives
James G Petcoff director, 10 percent owner, officer: Chairman and CEO 350 N NINTH STREET, SUITE 202, BOISE ID 83702
Gerald W Hakala director 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Brian J Roney officer: President 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Nicholas J Petcoff director, officer: EVP, Secretary 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Joseph D Sarafa director 11123 BUGAI, TRAVERSE CITY MI 49684
Clarkston Ventures, Llc 10 percent owner 91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Jeffrey Anthony Hakala director 91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Williams R Jamison Jr director 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Isolde O'hanlon director 550 W MERRILL, SUITE 200, BIRMINGHAM MI 48009
Timothy Lamothe director 26 WAKEMAN ROAD, SOUTH SALEM NY 10590
Andrew Petcoff officer: SVP, Marketing 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
John William Melstrom director 355 S. OLD WOODWARD AVENUE, SUITE 200, BIRMINGHAM MI 48009
Mark Mccammon director 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Harold J Meloche officer: CFO, Treasurer 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Jorge J Morales director 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034