BNY Mellon Municipal Bond Infrastructure Fund, (BNY Mellon Municipal Bond Infrastructure Fund,) Effective Interest Rate on Debt % : 15.15% (As of Feb. 2024)

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What is BNY Mellon Municipal Bond Infrastructure 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. BNY Mellon Municipal Bond Infrastructure Fund,'s annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $5.02 Mil. BNY Mellon Municipal Bond Infrastructure Fund,'s average total debt for the quarter that ended in Feb. 2024 was $33.15 Mil. Therefore, BNY Mellon Municipal Bond Infrastructure Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 15.15%.

BNY Mellon Municipal Bond Infrastructure Fund, Effective Interest Rate on Debt % Historical Data

The historical data trend for BNY Mellon Municipal Bond Infrastructure 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.

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BNY Mellon Municipal Bond Infrastructure Fund, Effective Interest Rate on Debt % Chart

BNY Mellon Municipal Bond Infrastructure Fund, Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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5.43

2.97

2.73

7.53

16.07

BNY Mellon Municipal Bond Infrastructure Fund, Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									2.66	4.99	9.73	12.83	15.15

Competitive Comparison of BNY Mellon Municipal Bond Infrastructure Fund,'s Effective Interest Rate on Debt %

For the Asset Management subindustry, BNY Mellon Municipal Bond Infrastructure 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.

BNY Mellon Municipal Bond Infrastructure Fund,'s Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Municipal Bond Infrastructure Fund,'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BNY Mellon Municipal Bond Infrastructure Fund,'s Effective Interest Rate on Debt % falls into.

BNY Mellon Municipal Bond Infrastructure Fund, Effective Interest Rate on Debt % Calculation

BNY Mellon Municipal Bond Infrastructure Fund,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -5.063	/	( (38.13	+	24.895)	/ 2 )
=	-1 * -5.063	/	31.5125
=	16.07 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.13	+	0
=	38.13

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.895	+	0
=	24.895

BNY Mellon Municipal Bond Infrastructure Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -5.022	/	( (41.405	+	24.895)	/ 2 )
=	-1 * -5.022	/	33.15
=	15.15 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.405	+	0
=	41.405

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.895	+	0
=	24.895

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

BNY Mellon Municipal Bond Infrastructure Fund, (NYSE:DMB) Effective Interest Rate on Debt % Explanation

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

BNY Mellon Municipal Bond Infrastructure Fund, Effective Interest Rate on Debt % Related Terms

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BNY Mellon Municipal Bond Infrastructure Fund, (BNY Mellon Municipal Bond Infrastructure Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o BNY Mellon Investment Adviser, Inc, 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.im.bnymellon.com

BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a diversified closed-end management investment company. The fund's investment objective is to seek to provide as high a level of current income exempt from regular federal income tax as is consistent with the preservation of capital. It invests in sectors such as transportation, energy and utilities, social infrastructure, and water and environmental sectors.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Cardona John C Jr	other: Director of Investment Advisor
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Insight North America Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Tamara Belinfanti	other: Advisory Board Member	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John P Shea	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286