Sagicor Financial Co (TSX:SFC) Effective Interest Rate on Debt % : 23.37% (As of Mar. 2024)

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What is Sagicor Financial Co 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. Sagicor Financial Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$310 Mil. Sagicor Financial Co's average total debt for the quarter that ended in Mar. 2024 was C$1,326 Mil. Therefore, Sagicor Financial Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 23.37%.

Sagicor Financial Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sagicor Financial Co'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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Sagicor Financial Co Effective Interest Rate on Debt % Chart

Sagicor Financial Co Annual Data

Trend

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

10.01

10.84

9.08

12.74

Sagicor Financial Co 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															17.94	20.17	20.04	3.41	23.37

Competitive Comparison of Sagicor Financial Co's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Sagicor Financial Co'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.

Sagicor Financial Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sagicor Financial Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sagicor Financial Co Effective Interest Rate on Debt % Calculation

Sagicor Financial Co'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 * -141.727	/	( (904.529	+	1319.668)	/ 2 )
=	-1 * -141.727	/	1112.0985
=	12.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	874.706	+	29.823
=	904.529

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1282.537	+	37.131
=	1319.668

Sagicor Financial Co'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 * -309.868	/	( (1319.668	+	1332.413)	/ 2 )
=	-1 * -309.868	/	1326.0405
=	23.37 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1282.537	+	37.131
=	1319.668

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1311.595	+	20.818
=	1332.413

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.

Sagicor Financial Co (TSX:SFC) Effective Interest Rate on Debt % Explanation

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

Sagicor Financial Co Effective Interest Rate on Debt % Related Terms

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Sagicor Financial Co (TSX:SFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagicor Financial Co Ltd (TSX:SFC) » Definitions » Effective Interest Rate on Debt %

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SGCFF:USA

Address

Cecil F De Caires Building, Wildey, Saint Michael, BRB, BB15096

Website

https://www.sagicor.com

Sagicor Financial Co Ltd is a financial services provider in the Caribbean. The firm offers various products and services, including life, health, and general insurance, annuities, pension administration, banking, and investment management. Sagicor operates through three segments namely Sagicor Jamaica, Sagicor Life USA, and Sagicor Life. Geographically, the firm operates in Jamaica, the United States, Barbados, Trinidad and Tobago, and other countries in the Caribbean. The company derives a majority of its revenue from the United States.

Executives

Gilbert Samuel Palter

Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Sagicor Financial Co (TSX:SFC) Headlines

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