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Modiv Industrial (Modiv Industrial) Effective Interest Rate on Debt % : 7.08% (As of Mar. 2024)


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What is Modiv Industrial 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. Modiv Industrial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19.80 Mil. Modiv Industrial's average total debt for the quarter that ended in Mar. 2024 was $279.76 Mil. Therefore, Modiv Industrial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.08%.


Modiv Industrial Effective Interest Rate on Debt % Historical Data

The historical data trend for Modiv Industrial'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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Modiv Industrial Effective Interest Rate on Debt % Chart

Modiv Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
3.53 4.49 4.12 4.01 7.36

Modiv Industrial Quarterly Data
Dec19 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 5.79 7.28 6.93 7.03 7.08

Competitive Comparison of Modiv Industrial's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Modiv Industrial'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.


Modiv Industrial's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Modiv Industrial's Effective Interest Rate on Debt % distribution charts can be found below:

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



Modiv Industrial Effective Interest Rate on Debt % Calculation

Modiv Industrial'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  *  -17.502/( (196.015+279.726)/ 2 )
=-1  *  -17.502/237.8705
=7.36 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.997 + 151.018
=196.015

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.217 + 248.509
=279.726

Modiv Industrial'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  *  -19.804/( (279.726+279.784)/ 2 )
=-1  *  -19.804/279.755
=7.08 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.217 + 248.509
=279.726

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.153 + 248.631
=279.784

* 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.


Modiv Industrial  (NYSE:MDV) Effective Interest Rate on Debt % Explanation

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


Modiv Industrial Effective Interest Rate on Debt % Related Terms

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Modiv Industrial (Modiv Industrial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
200 S. Virginia Street, Suite 800, Reno, NV, USA, 89501
Modiv Industrial Inc Formerly Modiv Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The Company has invested in single-tenant income-producing properties. All of the company's consolidated revenues are derived from company's consolidated real estate properties.
Executives
Aaron Scott Halfacre officer: CEO 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211
Nolan Thomas H Jr director 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
Kimberly J Smith director 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Raymond J Pacini officer: CFO 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Adam Scott Markman director TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Tirondola Connie director 14 DAYDREAM LN, ANDOVER NJ 07821
Asma Ishaq director 120 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Group Of Trophy, Llc 10 percent owner 21140 S. AVALON BLVD, CARSON CA 90745
Joe F Hanauer director 361 FOREST AVE, LAGUNA BEACH CA 92651
Sandra G Sciutto officer: CAO 6 EXECUTIVE CIRCLE, SUITE 250, IRVINE CA 92614
David Perduk officer: CIO PO BOX 1705, LAGUNA BEACH CA 92652
John Harold Davis officer: CFO 3090 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
Jeffrey Randolph other: Trust Manager 3080 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
John C Wang director