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Sachem Capital (Sachem Capital) Effective Interest Rate on Debt % : 8.62% (As of Mar. 2024)


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What is Sachem Capital 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. Sachem Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $29.88 Mil. Sachem Capital's average total debt for the quarter that ended in Mar. 2024 was $346.41 Mil. Therefore, Sachem Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.62%.


Sachem Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Sachem Capital'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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Sachem Capital Effective Interest Rate on Debt % Chart

Sachem Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.01 5.69 6.26 9.00 9.26

Sachem Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.47 9.20 9.32 8.81 8.62

Competitive Comparison of Sachem Capital's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Sachem Capital'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.


Sachem Capital's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Sachem Capital Effective Interest Rate on Debt % Calculation

Sachem Capital'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  *  -29.19/( (284.393+345.891)/ 2 )
=-1  *  -29.19/315.142
=9.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=280.805 + 3.588
=284.393

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=284.099 + 61.792
=345.891

Sachem Capital'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  *  -29.876/( (345.891+346.936)/ 2 )
=-1  *  -29.876/346.4135
=8.62 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=284.099 + 61.792
=345.891

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=284.685 + 62.251
=346.936

* 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.


Sachem Capital  (AMEX:SACH) Effective Interest Rate on Debt % Explanation

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


Sachem Capital Effective Interest Rate on Debt % Related Terms

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Sachem Capital (Sachem Capital) Business Description

Industry
Traded in Other Exchanges
Address
538 East Main Street, Branford, CT, USA, 06405
Sachem Capital Corp is a United States-based real estate investment trust. The company specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Its primary objective is to grow the loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long term through dividends. The company earns majority of its revenue through Interest income from loans.
Executives
Leslie Bernhard director C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019
Brian A Prinz director C/O SACHEM CAPITAL CORP., 23 LAUREL, BRANFORD CT 06405
Arthur L Goldberg director C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039
William C Haydon officer: See Remarks C/O SACHEM CAPITAL CORP., 698 MAIN STREET, BRANFORD CT 06405
John E Warch officer: See Remarks FALCON FINANCIAL INVESTMENT TRUST, 15 COMMERCE RD, STAMFORD CT 06902
John L. Villano director, officer: Chairman, CEO, President & CFO 23 LAUREL STREET, BRANFORD CT 06405
Peter J Cuozzo officer: EVP and COO C/O SACHEM CAPITAL CORP., 698 MAIN STREET, BRANFORD CT 06405
Jeffrey C Villano director, 10 percent owner, officer: President,co-CEO and Treasurer 23 LAUREL STREET, BRANFORD CT 06405

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