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Trinity Capital (Trinity Capital) Effective Interest Rate on Debt % : 7.10% (As of Mar. 2024)


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What is Trinity 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. Trinity Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $48.6 Mil. Trinity Capital's average total debt for the quarter that ended in Mar. 2024 was $684.5 Mil. Therefore, Trinity Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.10%.


Trinity Capital Effective Interest Rate on Debt % Historical Data

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

Trinity Capital Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 5.60 5.40 6.41 7.09

Trinity Capital Quarterly Data
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 7.28 7.58 7.29 7.17 7.10

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

For the Credit Services subindustry, Trinity 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.


Trinity Capital's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Trinity Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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



Trinity Capital Effective Interest Rate on Debt % Calculation

Trinity 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  *  -44.296/( (610.593+639.614)/ 2 )
=-1  *  -44.296/625.1035
=7.09 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=610.593 + 0
=610.593

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=639.614 + 0
=639.614

Trinity 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  *  -48.576/( (639.614+729.304)/ 2 )
=-1  *  -48.576/684.459
=7.10 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=639.614 + 0
=639.614

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=729.304 + 0
=729.304

* 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.


Trinity Capital  (NAS:TRIN) Effective Interest Rate on Debt % Explanation

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


Trinity Capital Effective Interest Rate on Debt % Related Terms

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Trinity Capital (Trinity Capital) Business Description

Traded in Other Exchanges
Address
1 N. 1st Street, Suite 302, Phoenix, AZ, USA, 85004
Trinity Capital Inc is a closed-end, non-diversified management investment company. The company is engaged in providing debt, including loans and equipment financings, to growth-stage companies, including venture-backed companies and companies with institutional equity investors. Its equipment financings involve loans for general or specific use, including acquiring equipment, secured by the equipment or other assets of the portfolio company.
Executives
Kyle Steven Brown director, officer: Director, President & CIO C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Richard P Hamada director 2211 S 47TH ST, PHOENIX AZ 85034
Irma Lockridge director C/O TRINITY CAPITAL INC., 1 N. 1ST STREET, 3RD FLOOR, PHOENIX AZ 85004
Ronald E. Estes director C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Steve Louis Brown director, officer: Chairman and CEO (1) C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Ronald Kundich officer: Senior VP (1) C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
David Michael Lund officer: Executive VP (1) 525 UNIVERSITY AVENUE SUITE 700, PALO ALTO CA 94301
Gerald Harder officer: Senior VP (1) C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Michael Zacharia director C/O J. C. PENNEY COMPANY, INC., 6501 LEGACY DRIVE, PLANO TX 75024
Thomas P. Majewski 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Eagle Point Credit Management Llc 10 percent owner 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Sarah Stanton officer: General Counsel and Secretary C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Scott H Harvey officer: CCO & General Counsel C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Susan Echard officer: CFO, Treasurer & Secretary (1) C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226
Edmund G. Zito director C/O TRINITY CAPITAL INC., 3075 WEST RAY ROAD, SUITE 525, CHANDLER AZ 85226