Priorityome Fund, (Priorityome Fund,) Effective Interest Rate on Debt % : 6.38% (As of Jun. 2023)

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What is Priorityome Fund, 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. Priorityome Fund,'s annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $3.27 Mil. Priorityome Fund,'s average total debt for the quarter that ended in Jun. 2023 was $51.27 Mil. Therefore, Priorityome Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.38%.

Priorityome Fund, Effective Interest Rate on Debt % Historical Data

The historical data trend for Priorityome Fund,'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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Priorityome Fund, Effective Interest Rate on Debt % Chart

Priorityome Fund, Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.13

7.43

5.75

6.38

Priorityome Fund, Semi-Annual Data
	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	5.13	7.43	5.75	6.38

Competitive Comparison of Priorityome Fund,'s Effective Interest Rate on Debt %

For the Asset Management subindustry, Priorityome Fund,'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.

Priorityome Fund,'s Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Priorityome Fund,'s Effective Interest Rate on Debt % falls into.

Priorityome Fund, Effective Interest Rate on Debt % Calculation

Priorityome Fund,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -3.273	/	( (53.657	+	48.892)	/ 2 )
=	-1 * -3.273	/	51.2745
=	6.38 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.657	+	0
=	53.657

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.892	+	10
=	48.892

Priorityome Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -3.273	/	( (53.657	+	48.892)	/ 2 )
=	-1 * -3.273	/	51.2745
=	6.38 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.657	+	0
=	53.657

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.892	+	10
=	48.892

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

Priorityome Fund, (GREY:PRIF) Effective Interest Rate on Debt % Explanation

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

Priorityome Fund, Effective Interest Rate on Debt % Related Terms

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Priorityome Fund, (Priorityome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Priority Income Fund, Inc. (GREY:PRIF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PRIFPG.PFD:USA PRIFpF.PFD:USA PRIFpD.PFD:USA

Address

10 East 40th Street, 42nd Floor, New York, NY, USA, 10016

Website

https://www.priorityincomefund.com

Priority Income Fund, Inc. is an externally managed, nondiversified, closed-end management investment company. Its investment objective is to generate current income, and as a secondary objective, long-term capital appreciation. The company invests in broad pools of senior secured, floating rate loans made primarily to U.S. companies. Its goal is to increase income and portfolio diversification and reduce correlation to traditional fixed-income assets.

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