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Eagle Point Credit Co (Eagle Point Credit Co) Effective Interest Rate on Debt % : 8.74% (As of Dec. 2023)


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What is Eagle Point Credit Co 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. Eagle Point Credit Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $13.6 Mil. Eagle Point Credit Co's average total debt for the quarter that ended in Dec. 2023 was $155.9 Mil. Therefore, Eagle Point Credit Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.74%.


Eagle Point Credit Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Eagle Point Credit Co'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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Eagle Point Credit Co Effective Interest Rate on Debt % Chart

Eagle Point Credit Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 13.82 10.91 12.39 9.70 8.84

Eagle Point Credit Co Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 11.82 9.70 8.75 8.94 8.74

Competitive Comparison of Eagle Point Credit Co's Effective Interest Rate on Debt %

For the Asset Management subindustry, Eagle Point Credit Co'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.


Eagle Point Credit Co's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Eagle Point Credit Co's Effective Interest Rate on Debt % falls into.



Eagle Point Credit Co Effective Interest Rate on Debt % Calculation

Eagle Point Credit Co'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  *  -13.631/( (150.77+157.714)/ 2 )
=-1  *  -13.631/154.242
=8.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=150.77 + 0
=150.77

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=157.714 + 0
=157.714

Eagle Point Credit Co'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -13.628/( (154.097+157.714)/ 2 )
=-1  *  -13.628/155.9055
=8.74 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=154.097 + 0
=154.097

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=157.714 + 0
=157.714

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


Eagle Point Credit Co  (NYSE:ECC) Effective Interest Rate on Debt % Explanation

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


Eagle Point Credit Co Effective Interest Rate on Debt % Related Terms

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Eagle Point Credit Co (Eagle Point Credit Co) Business Description

Traded in Other Exchanges
N/A
Address
600 Steamboat Road, Suite 202, Greenwich, CT, USA, 06830
Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.
Executives
Trident Ecc Aggregator Lp 10 percent owner C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Ix, L.p. 10 percent owner STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Kenneth P. Onorio officer: CFO / CCO / Secretary 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Thomas P. Majewski director, officer: Chief Executive Officer, other: Portfolio Manager 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Oa Eagle Group Investors, Llc other: See Remarks below 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Oa Eagle Group Investors Ii, Llc other: See Remarks below 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Ottawa Avenue Private Capital, Llc other: See Remarks below 126 OTTAWA AVENUE, NW, SUITE 500, GRAND RAPIDS MI 49503
Scott Johnathan Bronner other: Affiliate of Adviser C/O STONE POINT CAPITAL, 20 HORSENECK LANE, GREENWICH CT 06830
Kevin F. Mcdonald director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Scott W. Appleby director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Nauman S. Malik other: General Counsel of Inv. Adv. 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Paul E. Tramontano director 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Daniel M. Spinner other: Portfolio Manager 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Jerry L Tubergen other: See Remarks below
Eagle Point Credit Management Llc other: Investment Adviser 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830