abrdn Asianome Fund (LSE:AAIF) Effective Interest Rate on Debt % : 5.19% (As of Dec. 2023)

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What is abrdn Asianome 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. abrdn Asianome Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £1.88 Mil. abrdn Asianome Fund's average total debt for the quarter that ended in Dec. 2023 was £36.13 Mil. Therefore, abrdn Asianome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.19%.

abrdn Asianome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for abrdn Asianome 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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abrdn Asianome Fund Effective Interest Rate on Debt % Chart

abrdn Asianome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.94

2.31

1.41

2.64

5.50

abrdn Asianome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.30	1.76	3.26	5.28	5.19

Competitive Comparison of abrdn Asianome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, abrdn Asianome 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.

abrdn Asianome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where abrdn Asianome Fund's Effective Interest Rate on Debt % falls into.

abrdn Asianome Fund Effective Interest Rate on Debt % Calculation

abrdn Asianome Fund'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 * -2.009	/	( (40.967	+	32.123)	/ 2 )
=	-1 * -2.009	/	36.545
=	5.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.967	+	0
=	40.967

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.123	+	0
=	32.123

abrdn Asianome Fund'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 * -1.876	/	( (40.127	+	32.123)	/ 2 )
=	-1 * -1.876	/	36.125
=	5.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.127	+	0
=	40.127

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.123	+	0
=	32.123

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.

abrdn Asianome Fund (LSE:AAIF) Effective Interest Rate on Debt % Explanation

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

abrdn Asianome Fund Effective Interest Rate on Debt % Related Terms

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abrdn Asianome Fund (LSE:AAIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Asian Income Fund Ltd (LSE:AAIF) » Definitions » Effective Interest Rate on Debt %

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AAIFl:UK

Address

Sir Walter Raleigh House, 48 - 50 Esplanade, 1st Floor, Saint Helier, JEY, JE2 3QB

Website

https://www.asian-income.co.uk

abrdn Asian Income Fund Ltd is an investment fund managed by Aberdeen Asset Management Asia Ltd based in the United Kingdom. The company aims to invest in Asia-based securities listed on stock exchanges in the Asia-Pacific region. It also invests in companies listed on other international exchanges that derive revenues or profits from the Asia-Pacific region. The company's strategy involves attracting long-term private and institutional investors and providing the benefits of the growth prospects of Asian companies. Its portfolio comprises various securities such as equity shares, preference shares, debt, convertible securities, warrants, and other equity-related securities.

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