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Great Ajax (Great Ajax) Effective Interest Rate on Debt % : 26.81% (As of Mar. 2024)


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What is Great Ajax 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. Great Ajax's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $56.42 Mil. Great Ajax's average total debt for the quarter that ended in Mar. 2024 was $210.47 Mil. Therefore, Great Ajax's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 26.81%.


Great Ajax Effective Interest Rate on Debt % Historical Data

The historical data trend for Great Ajax'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.

Great Ajax Effective Interest Rate on Debt % Chart

Great Ajax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.21 42.56 34.52 27.87 28.19

Great Ajax Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.43 28.67 28.26 27.56 26.81

Competitive Comparison of Great Ajax's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Great Ajax'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.


Great Ajax's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Great Ajax Effective Interest Rate on Debt % Calculation

Great Ajax'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  *  -59.286/( (210.302+210.36)/ 2 )
=-1  *  -59.286/210.331
=28.19 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=210.302 + 0
=210.302

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=210.36 + 0
=210.36

Great Ajax'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  *  -56.424/( (210.36+210.575)/ 2 )
=-1  *  -56.424/210.4675
=26.81 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=210.36 + 0
=210.36

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=210.575 + 0
=210.575

* 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.


Great Ajax  (NYSE:AJX) Effective Interest Rate on Debt % Explanation

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


Great Ajax Effective Interest Rate on Debt % Related Terms

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Great Ajax (Great Ajax) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Great Ajax Corp (NYSE:AJX) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
13190 SW 68th Parkway, Suite 110, Tigard, OR, USA, 97223
Great Ajax Corp is an externally managed real estate company. The company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. It primarily targets acquisitions of re-performing loans (RPLs) including residential mortgage loans and small balance commercial mortgage loans (SBC loans). Great Ajax operates in a single segment. The company also holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of owned non-performing loans.
Executives
Mary B Doyle officer: Chief Financial Officer 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Mary Haggerty director 13190 SW 68TH PARKWAY, SUITE 110, TIGARD OR 97223
Russell Schaub director, officer: PRESIDENT 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Lawrence Mendelsohn director, officer: CHIEF EXECUTIVE OFFICER
Magnetar Financial Llc 10 percent owner 1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp 10 percent owner 1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201
Supernova Management Llc 10 percent owner 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alec N Litowitz 10 percent owner C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Paul M Friedman director 11 DEERFIELD LANE, SCARSDALE NY 10583
Ogren John Kirk Jr director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
John C Condas director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Handley Jonathan Bradford Jr director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Daniel Jay Hoffman director 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Glenn J Ohl officer: CHIEF FINANCIAL OFFICER 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131, BEAVERTON OR 97005
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036