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Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Effective Interest Rate on Debt % : 3.10% (As of Apr. 2018)


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What is Advent/claymore Enhanced Growth &ome 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. Advent/claymore Enhanced Growth &ome's annualized positive value of Interest Expense for the quarter that ended in Apr. 2018 was $1.09 Mil. Advent/claymore Enhanced Growth &ome's average total debt for the quarter that ended in Apr. 2018 was $35.07 Mil. Therefore, Advent/claymore Enhanced Growth &ome's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2018 was 3.10%.

Advent/claymore Enhanced Growth &ome Effective Interest Rate on Debt % Historical Data

The historical data trend for Advent/claymore Enhanced Growth &ome'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.

Advent/claymore Enhanced Growth &ome Effective Interest Rate on Debt % Chart

Advent/claymore Enhanced Growth &ome Annual Data
Trend Oct17
Effective Interest Rate on Debt %
2.66

Advent/claymore Enhanced Growth &ome Semi-Annual Data
Oct17 Apr18
Effective Interest Rate on Debt % - 3.10

Competitive Comparison of Advent/claymore Enhanced Growth &ome's Effective Interest Rate on Debt %

For the Asset Management subindustry, Advent/claymore Enhanced Growth &ome'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.

Advent/claymore Enhanced Growth &ome's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent/claymore Enhanced Growth &ome's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Advent/claymore Enhanced Growth &ome's Effective Interest Rate on Debt % falls into.


Advent/claymore Enhanced Growth &ome Effective Interest Rate on Debt % Calculation

Advent/claymore Enhanced Growth &ome's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: . 20 )+Total Debt  (A: Oct. 2017 ))/ count )
=-1  *  /( (+)/ )
=-1  *  /
= %

where

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

Total Debt  (A: Oct. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

Advent/claymore Enhanced Growth &ome's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2017 )+Total Debt  (Q: Apr. 2018 ))/ count )
=-1  *  -1.088/( (35.007+35.124)/ 2 )
=-1  *  -1.088/35.0655
=3.10 %

where

Total Debt  (Q: Oct. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.007 + 0
=35.007

Total Debt  (Q: Apr. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.124 + 0
=35.124

* 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 (Apr. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Advent/claymore Enhanced Growth &ome  (NYSE:LCM) Effective Interest Rate on Debt % Explanation

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

Advent/claymore Enhanced Growth &ome Effective Interest Rate on Debt % Related Terms

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Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent/claymore Enhanced Growth & Income (NYSE:LCM) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:TMT XMCE:REA BOM:521194 MUS:AAIT TSX:LFE OSTO:NAXS WAR:GKI LSE:MIX XKRX:214680 LSE:KAY LSE:AAVC TSX:FFI.UN LSE:ATI XCNQ:CPTR SVVC LSE:ASCI MUS:TFCI TSX:FFN LSE:ACD LSE:BSRT
Traded in Other Exchanges
N/A
Address
Website
https://www.guggenheiminvestments.com
Advent/claymore Enhanced Growth & Income is a diversified, closed-end management investment company. Its investment objective is to seek current income and current gains from trading in securities, with a objective of long-term capital appreciation.
Executives
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Tracy V Maitland director, officer: Chairman, CEO & President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Ronald Nyberg director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Edward C Delk officer: CCO & Secy 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Michael A Smart director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Robert Scott Schwartz officer: Chief Compliance Officer 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10002
Derek Medina director, other: Trustee ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Richard Rosen other: Portfolio Manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532

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