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TPG (TPG) Effective Interest Rate on Debt % : 6.78% (As of Mar. 2024)


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What is TPG 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. TPG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $84 Mil. TPG's average total debt for the quarter that ended in Mar. 2024 was $1,247 Mil. Therefore, TPG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.78%.


TPG Effective Interest Rate on Debt % Historical Data

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

TPG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.85 4.14 3.06 3.56 4.15

TPG Quarterly Data
Dec18 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 Premium Member Only 5.72 7.66 7.01 6.93 6.78

Competitive Comparison of TPG's Effective Interest Rate on Debt %

For the Asset Management subindustry, TPG'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.


TPG's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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



TPG Effective Interest Rate on Debt % Calculation

TPG'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  *  -38.528/( (592.453+1263.925)/ 2 )
=-1  *  -38.528/928.189
=4.15 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=592.453 + 0
=592.453

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1263.925 + 0
=1263.925

TPG'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  *  -84.488/( (1263.925+1229.23)/ 2 )
=-1  *  -84.488/1246.5775
=6.78 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1263.925 + 0
=1263.925

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1229.23 + 0
=1229.23

* 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.


TPG  (NAS:TPG) Effective Interest Rate on Debt % Explanation

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


TPG Effective Interest Rate on Debt % Related Terms

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TPG (TPG) Business Description

Industry
Traded in Other Exchanges
Address
301 Commerce Street, Suite 3300, Fort Worth, TX, USA, 76102
TPG Inc is an alternative asset firm. It invests across five multi-product platforms namely Capital, Growth, Impact, Real Estate, and Market Solutions. TPG aims to build dynamic products and options for its clients while also instituting discipline and operational excellence across the investment and performance of its portfolio.
Executives
Gunther Bright director C/O WARBURG PINCUS CAPITAL CORPORATION I, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Anilu Vazquez-ubarri director, officer: Chief Human Resources Officer C/O UPWORK INC., 2625 AUGUSTINE DRIVE, SUITE 601, SANTA CLARA CA 95054
Tpg Group Holdings (sbs) Advisors, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs), L.p. 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Partner Holdings, L.p. 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ganendran Sarvananthan director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Bradford Berenson officer: General Counsel 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ken N. Murphy officer: Chief Operating Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Jack Weingart director, officer: Chief Financial Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Maya Chorengel director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Joann Harris officer: Chief Compliance Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
David Bonderman director, 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Gp A, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
David Trujillo director 1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO CA 94103
Martin Davidson officer: Chief Accounting Officer C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102