Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Effective Interest Rate on Debt % : 6.23% (As of Nov. 2023)

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What is Flaherty & Crumrine Pref&Inc Allocation 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. Flaherty & Crumrine Pref&Inc Allocation's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $17.22 Mil. Flaherty & Crumrine Pref&Inc Allocation's average total debt for the quarter that ended in Nov. 2023 was $276.30 Mil. Therefore, Flaherty & Crumrine Pref&Inc Allocation's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.23%.

Flaherty & Crumrine Pref&Inc Allocation Effective Interest Rate on Debt % Historical Data

The historical data trend for Flaherty & Crumrine Pref&Inc Allocation'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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Flaherty & Crumrine Pref&Inc Allocation Effective Interest Rate on Debt % Chart

Flaherty & Crumrine Pref&Inc Allocation Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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3.15

1.53

0.91

2.21

5.86

Flaherty & Crumrine Pref&Inc Allocation Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.92	1.11	3.30	5.49	6.23

Competitive Comparison of Flaherty & Crumrine Pref&Inc Allocation's Effective Interest Rate on Debt %

For the Asset Management subindustry, Flaherty & Crumrine Pref&Inc Allocation'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.

Flaherty & Crumrine Pref&Inc Allocation's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flaherty & Crumrine Pref&Inc Allocation's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Flaherty & Crumrine Pref&Inc Allocation's Effective Interest Rate on Debt % falls into.

Flaherty & Crumrine Pref&Inc Allocation Effective Interest Rate on Debt % Calculation

Flaherty & Crumrine Pref&Inc Allocation's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -16.194	/	( (276.3	+	276.3)	/ 2 )
=	-1 * -16.194	/	276.3
=	5.86 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.3	+	0
=	276.3

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.3	+	0
=	276.3

Flaherty & Crumrine Pref&Inc Allocation's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -17.224	/	( (276.3	+	276.3)	/ 2 )
=	-1 * -17.224	/	276.3
=	6.23 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.3	+	0
=	276.3

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.3	+	0
=	276.3

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 two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Flaherty & Crumrine Pref&Inc Allocation (NYSE:DFP) Effective Interest Rate on Debt % Explanation

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

Flaherty & Crumrine Pref&Inc Allocation Effective Interest Rate on Debt % Related Terms

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Flaherty & Crumrine Pref&Inc Allocation (Flaherty & Crumrine Pref&Inc Allocation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Pref&Inc Allocation (NYSE:DFP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Pref&Inc Allocation is a diversified, closed-end management investment company. Its investment objective is to seek total return, with an emphasis on high current income.

Executives

Bradford S Stone	officer: CFO and Treasurer, other: Affiliate of Inv. Adviser	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901
Robert E Chadwick	officer: CFO, VP & Treasurer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Chad Conwell	officer: CCO, VP and Secretary	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Morgan Gust	director	C/O COBIZ FINANCIAL INC., 821 SEVENTEENTH STREET, DENVER CO 80202
Donald F Crumrine	director, officer: Chief Executive Officer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Laurie C Lodolo	officer: Asst-CompOfficer/Treas/Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
Flaherty & Crumrine Inc	other: Investment Adviser	301 E. COLORADO BLVD, SUITE 720, PASADENA CA 91101
Robert T. Flaherty	other: Affiliated person Inv. Adviser	301 EAST COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101