Montfort Capital (Montfort Capital) Effective Interest Rate on Debt % : 10.13% (As of Mar. 2024)

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What is Montfort Capital 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. Montfort Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $27.80 Mil. Montfort Capital's average total debt for the quarter that ended in Mar. 2024 was $274.33 Mil. Therefore, Montfort Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.13%.

Montfort Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Montfort Capital'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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Montfort Capital Effective Interest Rate on Debt % Chart

Montfort Capital Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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16.51

18.23

6.76

9.93

Montfort Capital Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.28	10.00	10.15	10.34	10.13

Competitive Comparison of Montfort Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, Montfort Capital'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.

Montfort Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

Montfort Capital Effective Interest Rate on Debt % Calculation

Montfort Capital'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 * -26.727	/	( (275.107	+	263.114)	/ 2 )
=	-1 * -26.727	/	269.1105
=	9.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.752	+	211.355
=	275.107

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.118	+	249.996
=	263.114

Montfort Capital'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 * -27.796	/	( (263.114	+	285.548)	/ 2 )
=	-1 * -27.796	/	274.331
=	10.13 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.118	+	249.996
=	263.114

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.844	+	238.704
=	285.548

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.

Montfort Capital (OTCPK:MONTF) Effective Interest Rate on Debt % Explanation

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

Montfort Capital Effective Interest Rate on Debt % Related Terms

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Montfort Capital (Montfort Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montfort Capital Corp (OTCPK:MONTF) » Definitions » Effective Interest Rate on Debt %

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MONT.PR.A.PFD:Canada MONT:Canada

Address

181 Bay Street, Suite 2920, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.montfortcapital.com

Montfort Capital Corp manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. Its mission is to create value for shareholders by leveraging a tech-enabled lending platform to provide private debt capital to growing businesses through its group of specialty finance companies.