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Bimini Capital Management (Bimini Capital Management) Effective Interest Rate on Debt % : 26.52% (As of Mar. 2024)


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What is Bimini Capital Management 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. Bimini Capital Management's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $7.26 Mil. Bimini Capital Management's average total debt for the quarter that ended in Mar. 2024 was $27.39 Mil. Therefore, Bimini Capital Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 26.52%.


Bimini Capital Management Effective Interest Rate on Debt % Historical Data

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

Bimini Capital Management 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 22.75 8.10 4.05 7.77 19.77

Bimini Capital Management 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 15.38 16.48 21.03 26.19 26.52

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

For the Asset Management subindustry, Bimini Capital Management'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.


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

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

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



Bimini Capital Management Effective Interest Rate on Debt % Calculation

Bimini Capital Management'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  *  -5.419/( (27.416+27.394)/ 2 )
=-1  *  -5.419/27.405
=19.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.416 + 0
=27.416

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.394 + 0
=27.394

Bimini Capital Management'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  *  -7.264/( (27.394+27.388)/ 2 )
=-1  *  -7.264/27.391
=26.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.394 + 0
=27.394

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.388 + 0
=27.388

* 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.


Bimini Capital Management  (OTCPK:BMNM) Effective Interest Rate on Debt % Explanation

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


Bimini Capital Management Effective Interest Rate on Debt % Related Terms

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Bimini Capital Management (Bimini Capital Management) Business Description

Traded in Other Exchanges
N/A
Address
3305 Flamingo Drive, Vero Beach, FL, USA, 32963
Bimini Capital Management Inc is a specialty finance company that operates in two reportable segments, The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. The investment portfolio segment includes the investment activities conducted by Royal Palm. The investment portfolio segment receives revenue in the form of interest and dividend income on its investments.
Executives
Robert J Dwyer director 880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Robert E Cauley director, officer: Secretary/Chief Fin. Officer C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Haas G Hunter Iv officer: EVP, CIO, Interim CFO & Treas C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Frank E Jaumot director 190 SE 19TH AVENUE, POMPANO BEACH FL 33060
J Christopher Clifton officer: EVP, GC, CCO & Sec C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Jason Kaplan director, officer: Senior Exec. Vice President C/O OPTEUM FINANCIAL SERVICES, LLC, W115 CENTURY ROAD, PARAMUS NJ 07652
Peter R Norden director C/O OPTEUM FINANCIAL SERVICES, W115 CENTURY ROAD, PARAMUS NJ 07652
Amber K Luedke officer: Treasurer C/O BIMINI MORTGAGE MANAGEMENT INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Jeffrey J Zimmer director, officer: Pres./CEO 3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963
Kevin L Bespolka director C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
W Christopher Mortenson director C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Burford H Ortale director C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Maureen A Hendricks director C/O MILLIPORE CORP, BEDFORD MA 01730

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