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Orchid Island Capital (Orchid Island Capital) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Orchid Island 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. Orchid Island Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $205.44 Mil. Orchid Island Capital's average total debt for the quarter that ended in Mar. 2024 was $0.00 Mil. Therefore, Orchid Island Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.


Orchid Island Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Orchid Island 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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Orchid Island Capital Effective Interest Rate on Debt % Chart

Orchid Island Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
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Orchid Island Capital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Orchid Island Capital's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Orchid Island 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.


Orchid Island Capital's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Orchid Island Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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



Orchid Island Capital Effective Interest Rate on Debt % Calculation

Orchid Island 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  *  -201.918/( (0+0)/ 1 )
=-1  *  -201.918/0
=N/A %

where

Orchid Island 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  *  -205.444/( (0+0)/ 1 )
=-1  *  -205.444/0
=N/A %

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.


Orchid Island Capital  (NYSE:ORC) Effective Interest Rate on Debt % Explanation

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


Orchid Island Capital Effective Interest Rate on Debt % Related Terms

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Orchid Island Capital (Orchid Island Capital) Business Description

Industry
Traded in Other Exchanges
Address
3305 Flamingo Drive, Vero Beach, FL, USA, 32963
Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company's investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities, among other types of structured Agency RMBS.
Executives
Haas G Hunter Iv director, officer: CFO, CIO and Secretary C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Robert E Cauley director, officer: President, CEO C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Bitting W Coleman director 6330 NORTHWOOD AVENUE, ST. LOUIS MO 63105
Paula Morabito director 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Ava L Parker director 1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
John Van Heuvelen director 363 HIGH STREET, DENVER CO 80218
Frank P Filipps director 1601 MARKET ST, PHILADELPHIA PA 19103
Bimini Capital Management, Inc. 10 percent owner 3305 FLAMINGO DRIVE, VERO BEACH FL 32963