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Finsbury Growth &ome Trust (LSE:FGT) Effective Interest Rate on Debt % : 7.36% (As of Mar. 2024)


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What is Finsbury Growth &ome Trust 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. Finsbury Growth &ome Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £2.43 Mil. Finsbury Growth &ome Trust's average total debt for the quarter that ended in Mar. 2024 was £32.95 Mil. Therefore, Finsbury Growth &ome Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.36%.


Finsbury Growth &ome Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Finsbury Growth &ome Trust'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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Finsbury Growth &ome Trust Effective Interest Rate on Debt % Chart

Finsbury Growth &ome Trust Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 1.52 1.02 1.75 5.25

Finsbury Growth &ome Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 1.38 2.13 5.00 5.51 7.36

Competitive Comparison of Finsbury Growth &ome Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Finsbury Growth &ome Trust'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.


Finsbury Growth &ome Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Finsbury Growth &ome Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Finsbury Growth &ome Trust's Effective Interest Rate on Debt % falls into.



Finsbury Growth &ome Trust Effective Interest Rate on Debt % Calculation

Finsbury Growth &ome Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -1.928/( (36.7+36.7)/ 2 )
=-1  *  -1.928/36.7
=5.25 %

where

Finsbury Growth &ome Trust'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: Sep. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2.426/( (36.7+29.2)/ 2 )
=-1  *  -2.426/32.95
=7.36 %

where

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Finsbury Growth &ome Trust  (LSE:FGT) Effective Interest Rate on Debt % Explanation

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


Finsbury Growth &ome Trust Effective Interest Rate on Debt % Related Terms

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Finsbury Growth &ome Trust (LSE:FGT) Business Description

Traded in Other Exchanges
Address
50 Lothian Road, Festival Square, Edinburgh, GBR, EH3 9WJ
Finsbury Growth & Income Trust PLC is an alternative investment fund achieving capital and income growth and providing shareholders with a total return in excess of that of the FTSE All-Share Index. Geographically, the company operates within the United Kingdom, The United States of America, France and the Netherlands and generates a majority of its revenue from the United Kingdom.

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