Saba Capitalome & Opportunities Fund (Saba Capitalome & Opportunities Fund) Effective Interest Rate on Debt % : 17.79% (As of Oct. 2023)

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What is Saba Capitalome & Opportunities Fund 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. Saba Capitalome & Opportunities Fund's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $11.34 Mil. Saba Capitalome & Opportunities Fund's average total debt for the quarter that ended in Oct. 2023 was $63.74 Mil. Therefore, Saba Capitalome & Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 17.79%.

Saba Capitalome & Opportunities Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Saba Capitalome & Opportunities Fund'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.

* Premium members only.

Saba Capitalome & Opportunities Fund Effective Interest Rate on Debt % Chart

Saba Capitalome & Opportunities Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Oct22

Oct23

Effective Interest Rate on Debt %

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3.27

3.12

2.19

2.73

7.21

Saba Capitalome & Opportunities Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.35	0.83	3.12	4.60	17.79

Competitive Comparison of Saba Capitalome & Opportunities Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Saba Capitalome & Opportunities Fund'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.

Saba Capitalome & Opportunities Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Saba Capitalome & Opportunities Fund's Effective Interest Rate on Debt % falls into.

Saba Capitalome & Opportunities Fund Effective Interest Rate on Debt % Calculation

Saba Capitalome & Opportunities Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -8.472	/	( (175.5	+	59.472)	/ 2 )
=	-1 * -8.472	/	117.486
=	7.21 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	175.5	+	0
=	175.5

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.472	+	0
=	59.472

Saba Capitalome & Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -11.34	/	( (68	+	59.472)	/ 2 )
=	-1 * -11.34	/	63.736
=	17.79 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68	+	0
=	68

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.472	+	0
=	59.472

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 two times the semi-annual (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Saba Capitalome & Opportunities Fund (NYSE:BRW) Effective Interest Rate on Debt % Explanation

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

Saba Capitalome & Opportunities Fund Effective Interest Rate on Debt % Related Terms

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Saba Capitalome & Opportunities Fund (Saba Capitalome & Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Saba Capital Income & Opportunities Fund (NYSE:BRW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 58th Floor, New York, NY, USA, 10174

Website

https://www.sabacef.com

Saba Capital Income & Opportunities Fund t is a diversified, closed-end management investment company. It seeks to provide investors with a high level of current income, with a secondary goal of capital appreciation. It invests globally in debt and equity securities of public and private companies, which includes, investing in closed-end funds, public and private debt instruments, and other securities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Troy M Statczar	officer: Principle Financial Officer	3 CANAL PLAZA, PORTLAND ME 04101
Nitin Sapru	officer: Vice President	405 LEXINGTON AVE, 58TH FLOOR, NEW YORK NY 10174
Michael D'angelo	officer: Secretary	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Patrick J Keniston	officer: Chief Compliance Officer	FORESIDE COMPLIANCE SERVICES, LLC, THREE CANAL PLAZA, SUITE 100, PORTLAND ME 04101
Pierre Weinstein	officer: Chief Executive Officer	C/O SABA CAPITAL MANAGEMENT L.P., 405 LEXINGTON AVENUE, 5TH FLOOR, NEW YORK NY 10174
Christopher P Sullivan	other: Former Trustee	27 LEE TERRACE, SHORT HILLS NJ 07078
Thomas Bumbolow	director	C/O VOYA PRIME RATE TRUST, 7337 EAST DOUBLETREE RANCH RD., STE 100, SCOTTSDALE AZ 85258
Neal Neilinger	director	126 CLAPBOARD RIDGE ROAD, GREENWICH CT 06830
Charles I Clarvit	director	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kieran Goodwin	director	925 PARK AVENUE 11B, NEW YORK NY 10028
Ketu Desai	director	999 RIVERVIEW DR, SUITE 201, TOTOWA NJ 07512
Karen Caldwell	director	10125 SOUTH BELL AVENUE, CHICAGO IL 60643
Aditya Bindal	director	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Andrew Kellerman	director	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174