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First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Effective Interest Rate on Debt % : 6.03% (As of Dec. 2022)


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What is First Eagle Alternative Capital BDC 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. First Eagle Alternative Capital BDC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $13.00 Mil. First Eagle Alternative Capital BDC's average total debt for the quarter that ended in Dec. 2022 was $215.77 Mil. Therefore, First Eagle Alternative Capital BDC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 6.03%.


First Eagle Alternative Capital BDC Effective Interest Rate on Debt % Historical Data

The historical data trend for First Eagle Alternative Capital BDC'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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First Eagle Alternative Capital BDC Effective Interest Rate on Debt % Chart

First Eagle Alternative Capital BDC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.92 6.35 5.93 5.25 5.03

First Eagle Alternative Capital BDC Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 4.84 4.19 4.45 5.02 6.03

Competitive Comparison of First Eagle Alternative Capital BDC's Effective Interest Rate on Debt %

For the Asset Management subindustry, First Eagle Alternative Capital BDC'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.


First Eagle Alternative Capital BDC's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Eagle Alternative Capital BDC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Eagle Alternative Capital BDC's Effective Interest Rate on Debt % falls into.



First Eagle Alternative Capital BDC Effective Interest Rate on Debt % Calculation

First Eagle Alternative Capital BDC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -10.918/( (222.893+211.6)/ 2 )
=-1  *  -10.918/217.2465
=5.03 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.893 + 0
=222.893

First Eagle Alternative Capital BDC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -13.004/( (219.942+211.6)/ 2 )
=-1  *  -13.004/215.771
=6.03 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=219.942 + 0
=219.942

* 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 (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Eagle Alternative Capital BDC  (NAS:FCRD) Effective Interest Rate on Debt % Explanation

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


First Eagle Alternative Capital BDC Effective Interest Rate on Debt % Related Terms

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First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description

Traded in Other Exchanges
N/A
Address
500 Boylston Street, Suite 1200, Boston, MA, USA, 02116
First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.
Executives
Robert J. Hickey 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Christopher J. Flynn director, 10 percent owner, officer: See Remarks 100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110
Edward J. Giordano other: CFO of the Adviser C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Sabrina Rusnak-carlson 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Jennifer Wilson officer: Chief Accounting Officer 100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005
Terrence W. Olson 10 percent owner, officer: See Remarks C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
Arnhold & S. Bleichroeder Holdings, Inc. 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Montgomery Cook 10 percent owner 10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
First Eagle Investment Management, Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sam W. Tillinghast 10 percent owner C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
James R Fellows 10 percent owner, officer: See Remarks 100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Brian J. Murphy 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Steven F. Krull 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Brian W. Good 10 percent owner 1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Thlp Debt Partners, L.p. 10 percent owner 100 FEDERAL STREET, BOSTON MA 02110

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