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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. BRT Apartments's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $22.34 Mil. BRT Apartments's average total debt for the quarter that ended in Dec. 2023 was $459.82 Mil. Therefore, BRT Apartments's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.86%.
The historical data trend for BRT Apartments'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.
BRT Apartments Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 1.56 | 4.20 | 3.34 | 4.45 | 4.82 |
BRT Apartments 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 | 4.79 | 4.76 | 4.79 | 4.85 | 4.86 |
For the REIT - Residential subindustry, BRT Apartments'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.
For the REITs industry and Real Estate sector, BRT Apartments's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where BRT Apartments's Effective Interest Rate on Debt % falls into.
BRT Apartments'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 * -22.161 | / | ( (459.915 | + | 459.57) | / 2 ) |
= | -1 * -22.161 | / | 459.7425 | |||
= | 4.82 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 440.915 | + | 19 |
= | 459.915 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 459.57 | + | 0 |
= | 459.57 |
BRT Apartments'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 * -22.336 | / | ( (460.073 | + | 459.57) | / 2 ) |
= | -1 * -22.336 | / | 459.8215 | |||
= | 4.86 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 460.073 | + | 0 |
= | 460.073 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 459.57 | + | 0 |
= | 459.57 |
* 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.
BRT Apartments (NYSE:BRT) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of BRT Apartments's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan Baltimore | officer: Senior Vice President | 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021 |
Mitchell Gould | officer: VICE PRESIDENT | |
Gould Investors L P | 10 percent owner | 60 CUTTER MILL RD, STE 303, GREAT NECK NY 11021-3190 |
Jeffrey Gould | officer: PRESIDENT AND CE0 | |
Matthew J Gould | director, officer: Senior Vice President | |
Mark H Lundy | officer: VICE PRESIDENT | |
Isaac Kalish | officer: Assistant Treasurer | 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021 |
Louis C Grassi | director | 220 RXR PLAZA, UNIONDALE NY 11556 |
Carol Cicero | director | 516 TOWER TRACE, CANTON GA 30115 |
George Zweier | officer: VICE PRESIDENT - CFO | |
Jonathan H Simon | director | 1020 PARK AVENUE, APARTMENT 10D, NEW YORK NY 10028 |
Jeffrey Rubin | director | 40 CUTTER MILL ROAD, SUITE 302, GREAT NECK NY 11021 |
Fredric H Gould | director, officer: Chairman of Board | 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021 |
Steven Rosenzweig | officer: Vice President | 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021 |
Alysa Block | officer: Treasurer | 60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021 |
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