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American Equity Investment Life Holding Co (American Equity Investment Life Holding Co) Effective Interest Rate on Debt % : 95.42% (As of Dec. 2023)


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What is American Equity Investment Life Holding Co 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. American Equity Investment Life Holding Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $826 Mil. American Equity Investment Life Holding Co's average total debt for the quarter that ended in Dec. 2023 was $865 Mil. Therefore, American Equity Investment Life Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 95.42%.


American Equity Investment Life Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for American Equity Investment Life Holding Co'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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American Equity Investment Life Holding Co Effective Interest Rate on Debt % Chart

American Equity Investment Life Holding Co 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 191.21 256.80 394.00 81.95 71.30

American Equity Investment Life Holding Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 31.73 32.30 62.16 95.53 95.42

Competitive Comparison of American Equity Investment Life Holding Co's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, American Equity Investment Life Holding Co'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.


American Equity Investment Life Holding Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, American Equity Investment Life Holding Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where American Equity Investment Life Holding Co's Effective Interest Rate on Debt % falls into.



American Equity Investment Life Holding Co Effective Interest Rate on Debt % Calculation

American Equity Investment Life Holding Co'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  *  -618.668/( (870.826+864.55)/ 2 )
=-1  *  -618.668/867.688
=71.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=870.826 + 0
=870.826

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=864.55 + 0
=864.55

American Equity Investment Life Holding Co'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -825.688/( (866.115+864.55)/ 2 )
=-1  *  -825.688/865.3325
=95.42 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=866.115 + 0
=866.115

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=864.55 + 0
=864.55

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


American Equity Investment Life Holding Co  (NYSE:AEL) Effective Interest Rate on Debt % Explanation

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


American Equity Investment Life Holding Co Effective Interest Rate on Debt % Related Terms

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American Equity Investment Life Holding Co (American Equity Investment Life Holding Co) Business Description

Traded in Other Exchanges
Address
6000 Westown Parkway, West Des Moines, IA, USA, 50266
American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.
Executives
Aaron Boushek officer: Controller 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Jeffrey D Lorenzen officer: Sr. Vice President-Investments 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Axel Andre officer: Chief Financial Officer 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Robert L Howe director 5000 WESTOWN PARKWAY, SUITE 440, WEST DES MOINES IA 50266
Anant Bhalla director, officer: President 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
James Louis Hamalainen officer: EVP & CCSO, AEILIC 6000 WESTOWN PKWY, WEST DES MOINES IA 50266
Dewayne Lummus officer: SVP & Chief Accounting Officer 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266-9024
Michael E Hayes director 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Alan David Matula director 828 ST. CHARLES, NEW ORLEANS LA 70130
Kate Etinger officer: Chief People Officer 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Nicholas P. Volpe officer: Chief Technology Officer 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Gerard D. Neugent director 6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Ronald James Grensteiner officer: Vice President 5000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Joyce Ann Chapman director 5000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
North End Re (cayman) Spc 10 percent owner 18 FORUM LANE, 2ND FLOOR, CAMANA BAY, GRAND CAYMAN E9 KY-1102

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