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MidCap Financial Investment (MidCap Financial Investment) Effective Interest Rate on Debt % : 7.50% (As of Dec. 2023)


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What is MidCap Financial Investment 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. MidCap Financial Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $108.6 Mil. MidCap Financial Investment's average total debt for the quarter that ended in Dec. 2023 was $1,448.4 Mil. Therefore, MidCap Financial Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.50%.


MidCap Financial Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for MidCap Financial Investment'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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MidCap Financial Investment Effective Interest Rate on Debt % Chart

MidCap Financial Investment Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.08 5.02 3.40 3.65 6.92

MidCap Financial Investment 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 6.05 6.74 7.04 7.21 7.50

Competitive Comparison of MidCap Financial Investment's Effective Interest Rate on Debt %

For the Asset Management subindustry, MidCap Financial Investment'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.


MidCap Financial Investment's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where MidCap Financial Investment's Effective Interest Rate on Debt % falls into.



MidCap Financial Investment Effective Interest Rate on Debt % Calculation

MidCap Financial Investment'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: Mar. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -104.198/( (1550.608+1462.267)/ 2 )
=-1  *  -104.198/1506.4375
=6.92 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1550.608 + 0
=1550.608

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1462.267 + 0
=1462.267

MidCap Financial Investment'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  *  -108.62/( (1434.497+1462.267)/ 2 )
=-1  *  -108.62/1448.382
=7.50 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1434.497 + 0
=1434.497

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1462.267 + 0
=1462.267

* 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.


MidCap Financial Investment  (NAS:MFIC) Effective Interest Rate on Debt % Explanation

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


MidCap Financial Investment Effective Interest Rate on Debt % Related Terms

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MidCap Financial Investment (MidCap Financial Investment) Business Description

Traded in Other Exchanges
Address
9 West 57th Street, 37th Floor, New York, NY, USA, 10019
MidCap Financial Investment Corp is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies.
Executives
Ryan Delgiudice officer: Chief Compliance Officer 1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Mcnulty Ted Aymond Jr. officer: President 9 WEST 57TH STREET, NEW YORK NY 10019
Tanner Powell officer: Chief Executive Officer C/O APOLLO INVESTMENT CORPORATION, 9 W. 57TH STREET, NEW YORK NY 10019
Emanuel R Pearlman director 250 EAST 79TH STREET, NEW YORK NY 10075
Whonder Carmencita N.m. director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Howard Widra officer: President 9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019
Kristin Hester officer: See Remarks 9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan director 9 WEST 57TH STREET, NEW YORK NY 10019
Barbara Ruth Matas director 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55442
Elliot Jr Stein director C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Amit Joshi officer: Chief Accounting Officer APOLLO INVESTMENT CORP., 9 WEST 57TH STREET, NEW YORK NY 10019
Hilary E. Ackermann director 601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Frank C Puleo director 7425 PURPLE SAGE, GLENWILD, PARK CITY UT 84098
James C Zelter director, officer: Chief Executive Officer APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, 14TH FLOOR, NEW YORK NY 10019
Gregory W. Hunt officer: CFO & TREASURER 730 5TH AVENUE, NEW YORK NY 10019

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