Conduit Holdings (LSE:CRE) Effective Interest Rate on Debt % : 2,415.40% (As of Dec. 2023)

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What is Conduit 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. Conduit Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £42.0 Mil. Conduit Holdings's average total debt for the quarter that ended in Dec. 2023 was £1.7 Mil. Therefore, Conduit Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2,415.40%.

Conduit Holdings Effective Interest Rate on Debt % Historical Data

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

Conduit Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

17.24

272.95

1,134.83

Conduit Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			34.48	30.29	523.01	52.30	2,415.40

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

For the Insurance - Reinsurance subindustry, Conduit 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.

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

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

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

Conduit Holdings Effective Interest Rate on Debt % Calculation

Conduit 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 * -21.488	/	( (1.97	+	1.817)	/ 2 )
=	-1 * -21.488	/	1.8935
=	1,134.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.97	+	0
=	1.97

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.817	+	0
=	1.817

Conduit Holdings'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 * -42.028	/	( (1.663	+	1.817)	/ 2 )
=	-1 * -42.028	/	1.74
=	2,415.40 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.663	+	0
=	1.663

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.817	+	0
=	1.817

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.

Conduit Holdings (LSE:CRE) Effective Interest Rate on Debt % Explanation

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

Conduit Holdings Effective Interest Rate on Debt % Related Terms

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Conduit Holdings (LSE:CRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conduit Holdings Ltd (LSE:CRE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CNDHF:USA CREl:UK CHO:Germany

Address

94 Pitts Bay Road, Ideation House, Pembroke, BMU, HM08

Website

https://www.conduitreinsurance.com

Conduit Holdings Ltd operates in the insurance industry. The company is engaged in the business of property and casualty reinsurance underwriting. The underwriting business is comprised of three principal divisions: property, casualty, and specialty. The majority is from the property division. Geographically, the majority is from the United States.

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