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Maiden Holdings (Maiden Holdings) Effective Interest Rate on Debt % : 7.57% (As of Dec. 2023)


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What is Maiden Holdings 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. Maiden Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $19.26 Mil. Maiden Holdings's average total debt for the quarter that ended in Dec. 2023 was $254.58 Mil. Therefore, Maiden Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.57%.


Maiden Holdings Effective Interest Rate on Debt % Historical Data

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

Maiden Holdings 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 7.58 7.58 7.57 7.57 7.15

Maiden Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.57 6.00 7.50 7.57 7.57

Competitive Comparison of Maiden Holdings's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, Maiden Holdings'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.


Maiden Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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



Maiden Holdings Effective Interest Rate on Debt % Calculation

Maiden Holdings'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  *  -18.226/( (255.572+254.597)/ 2 )
=-1  *  -18.226/255.0845
=7.15 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=255.572 + 0
=255.572

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=254.597 + 0
=254.597

Maiden Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -19.26/( (254.559+254.597)/ 2 )
=-1  *  -19.26/254.578
=7.57 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=254.559 + 0
=254.559

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=254.597 + 0
=254.597

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Maiden Holdings  (NAS:MHLD) Effective Interest Rate on Debt % Explanation

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


Maiden Holdings Effective Interest Rate on Debt % Related Terms

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Maiden Holdings (Maiden Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
94 Pitts Bay Road, Ideation House, 1st Floor, Pembroke, BMU, HM 08
Maiden Holdings Ltd provides reinsurance products and services to regional and specialty property and casualty insurers. The company operates in two segments: AmTrust Reinsurance and Diversified Reinsurance. The AmTrust Reinsurance segment provides products that cover workers' compensation, commercial package, commercial auto, and extended warranty. The Diversified Reinsurance segment provides small and midsize regional and specialty insurers with reinsurance capital products. The company has underwriting operations in Bermuda and the United States, along with business development teams in the United Kingdom, Germany, and other markets.
Executives
Yehuda Neuberger director 6201 15TH AVENUE, BROOKLYN NY 11219
Keith A Thomas director 605 WEST 137TH STREET, APT. 35, NEW YORK NY 10031
Maiden Reinsurance Ltd 10 percent owner 159 BANK STREET, 4TH FLOOR, BURLINGTON VT 05401
Maiden Holdings North America, Ltd. 10 percent owner 6000 MIDLANTIC DRIVE, SUITE 200S, MOUNT LAUREL NJ 08054
Maiden Holdings, Ltd. 10 percent owner 48 PAR-LA-VILLE ROAD, SUITE 1141, HAMILTON D0 -HM 11
Steven Harold Nigro director 445 FIFTH AVENUE, NEW YORK NY 10016
Simcha G Lyons director 225 WEST 83RD STREET, APT 3Q, NEW YORK NY 10024
Claude Leblanc director ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Paul S Giordano director C/O XL CAPITAL LTD, XL HOUSE, ONE BERMUDIANA RD, HAMILTON BERMUDA D0 HMII
Denis M Butkovic officer: SVP, General Counsel & Secty 13 ELLIS COURT, MORGANVILLE X1 07751
Raymond Michael Neff director PO BOX 460, SARASOTA FL 34230
Holly Lynn Blanchard director 1952 COUNTY ROAD C, CERESCO NE 68017
William Jarman officer: SVP & Chief Actuary 224 COUNTRY CLUB DRIVE, MOORESTOWN X1 08057
Michael C Haines officer: SVP - Finance 701 ROUTE 301, P.O. BOX 320, COLD SPRING X1 10516
Karen Schmitt officer: PRESIDENT, MAIDEN RE 6000 MIDLANTIC DRIVE, MT LAUREL NJ 08054