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Hippo Holdings (Hippo Holdings) Effective Interest Rate on Debt % : 62.41% (As of Mar. 2024)


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What is Hippo 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. Hippo Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $8.8 Mil. Hippo Holdings's average total debt for the quarter that ended in Mar. 2024 was $14.1 Mil. Therefore, Hippo Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 62.41%.


Hippo Holdings Effective Interest Rate on Debt % Historical Data

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

Hippo Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
9.52 72.86 - 33.41

Hippo Holdings Quarterly Data
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 21.16 23.11 36.25 83.39 62.41

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

For the Insurance - Specialty subindustry, Hippo 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.


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

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

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



Hippo Holdings Effective Interest Rate on Debt % Calculation

Hippo 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  *  -7.3/( (28.9+14.8)/ 2 )
=-1  *  -7.3/21.85
=33.41 %

where

Hippo Holdings'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  *  -8.8/( (14.8+13.4)/ 2 )
=-1  *  -8.8/14.1
=62.41 %

where

* 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.


Hippo Holdings  (NYSE:HIPO) Effective Interest Rate on Debt % Explanation

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


Hippo Holdings Effective Interest Rate on Debt % Related Terms

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Hippo Holdings (Hippo Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
150 Forest Avenue, Palo Alto, CA, USA, 94301
Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others.
Executives
John Drake Nichols director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Mark Schaaf director 150 FOREST AVENUE, PALO ALTO CA 94301
Anirudh Badia officer: Chief Accounting Officer 150 FOREST AVENUE, PALO ALTO CA 94301
Yuval Harry officer: Chief Revenue Officer 150 FOREST AVENUE, PALO ALTO CA 95624
Christopher Donahue officer: General Manager, MGA & CUO 150 FOREST AVENUE, PALO ALTO CA 94301
Noah Knauf director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sam Landman director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Richard Mccathron director, officer: President 8240 N. MOPAC EXPRESSWAY, #215, AUSTIN TX 78759
Assaf Wand director, officer: See Remarks C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Sandra S Wijnberg director 100 E. PRATT STREET, BA-1320, BALTIMORE MD 21202
Stewart Ellis officer: Chief Financial Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Eric Feder director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Ran Harpaz officer: Chief Technology Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Aviad Pinkovezky officer: Chief Product Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Amy Errett director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301