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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. General American Investors Company's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. General American Investors Company's average total debt for the quarter that ended in Dec. 2023 was $3.1 Mil. Therefore, General American Investors Company's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.
The historical data trend for General American Investors Company'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.
General American Investors Company Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | - | - | - | - | - |
General American Investors Company Semi-Annual Data | ||||||||||||||
Dec16 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Asset Management subindustry, General American Investors Company'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.
For the Asset Management industry and Financial Services sector, General American Investors Company's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where General American Investors Company's Effective Interest Rate on Debt % falls into.
General American Investors Company'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 * 0 | / | ( (3.517 | + | 2.984) | / 2 ) |
= | -1 * 0 | / | 3.2505 | |||
= | 0.00 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3.517 | + | 0 |
= | 3.517 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2.984 | + | 0 |
= | 2.984 |
General American Investors Company'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: Jun. 2023 ) | + | Total Debt (Q: Dec. 2023 )) | / count ) |
= | -1 * 0 | / | ( (3.256 | + | 2.984) | / 2 ) |
= | -1 * 0 | / | 3.12 | |||
= | 0.00 % |
where
Total Debt (Q: Jun. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3.256 | + | 0 |
= | 3.256 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2.984 | + | 0 |
= | 2.984 |
* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
General American Investors Company (NYSE:GAM) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of General American Investors Company's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Anang K. Majmudar | officer: Vice-President | GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
Jeffrey W Priest | officer: President | GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
Eugene S Stark | officer: Vice-President | GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
Savannah Sachs | director | 530 FIFTH AVE, 26TH FL, NEW YORK NY 10036 |
Rodney B Berens | director | C/O KEYSTONE PROPERTY TRUST, 200 FOUR FALLS CORP. CENTER SUITE 208, WEST CONSHOHOCKEN PA 19428 |
Liron Kronzon | officer: Vice-President | GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26 FL, NEW YORK NY 10036 |
Samantha X. Jin | officer: Treasurer | 530 FIFTH AVE 26TH FLOOR, NEW YORK NY 10036 |
Santa Maria Connie A. | officer: Assistant Corporate Secretary | GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE 26TH FLOOR, NEW YORK NY 10036 |
Spencer Davidson | director, officer: President & CEO | GENERAL AMERICAN INVESTORS CO INC, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
Trust F B O Altschul Emily H U A D 1 9 67 | officer: Trustee/President & CEO - GAM | |
Trust Fbo Altschul Serena Uad 12 15 72 | officer: Trustee/President & CEO - GAM | C/O OVERBROOK MANAGEMENT CORP, 122 EAST 42ND STREET SUITE 2500, NEW YORK NY 10168-2500 |
Trust F B O Altschul Stephen F U A D 10 22 58 | officer: Trustee/Pres. & CEO - GAM | |
Rose Peabody Lynch | director | C/O STEVEN MADDEN, LTD., 52-16 BARNETT AVENUE, LONG ISLAND CITY NY 11104 |
Altschul Arthur G Jr | director | C/O OVERBROOK MANAGEMENT CORP, 122 E. 42ND STREET, SUITE 2500, NEW YORK NY 10168 |
Trust Fbo Serena Vr Altschul Uad 5/22/71 | other: Trustee is a GAM Director | C/O OVERBROOK MANAGEMENT CORP, 122 EAST 42ND STREET SUITE 2500, NEW YORK NY 10168-2500 |
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