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CBL & Associates Properties (CBL & Associates Properties) Effective Interest Rate on Debt % : 8.56% (As of Dec. 2023)


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What is CBL & Associates Properties 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. CBL & Associates Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $169.3 Mil. CBL & Associates Properties's average total debt for the quarter that ended in Dec. 2023 was $1,977.9 Mil. Therefore, CBL & Associates Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.56%.


CBL & Associates Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for CBL & Associates Properties'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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CBL & Associates Properties Effective Interest Rate on Debt % Chart

CBL & Associates Properties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 5.36 - 9.72 8.48

CBL & Associates Properties Quarterly Data
Dec19 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 6.38 8.37 8.65 8.53 8.56

Competitive Comparison of CBL & Associates Properties's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, CBL & Associates Properties'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.


CBL & Associates Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where CBL & Associates Properties's Effective Interest Rate on Debt % falls into.



CBL & Associates Properties Effective Interest Rate on Debt % Calculation

CBL & Associates Properties'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  *  -172.905/( (2110.802+1969.211)/ 2 )
=-1  *  -172.905/2040.0065
=8.48 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2110.802 + 0
=2110.802

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1969.211 + 0
=1969.211

CBL & Associates Properties'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  *  -169.268/( (1986.64+1969.211)/ 2 )
=-1  *  -169.268/1977.9255
=8.56 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1986.64 + 0
=1986.64

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1969.211 + 0
=1969.211

* 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.


CBL & Associates Properties  (NYSE:CBL) Effective Interest Rate on Debt % Explanation

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


CBL & Associates Properties Effective Interest Rate on Debt % Related Terms

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CBL & Associates Properties (CBL & Associates Properties) Business Description

Industry
Traded in Other Exchanges
Address
2030 Hamilton Place Boulevard, Suite 500, Chattanooga, TN, USA, 37421
CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. . CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.
Executives
Andrew Franklin Cobb officer: Exec VP-Accounting 1563 QUIET POND DR, CHATTANOOGA TN 37415
Benjamin W Jaenicke officer: Exec VP - Finance 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Michael A Torres director MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Joseph Khalili officer: EVP Financial Planning & Anlys 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
Jennifer Cope officer: EVP Ops Services & Risk Mgmt 2030 HAMILTON PLC BLVD, CBL CENTER, SUITE 500, CHATTANOOGA TN 37421
David J Contis director 2 NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Jeffery V. Curry officer: Interim Chief Legal Officer 4019 BREAKWATER DR, HIXON TN 37343
Charles B Lebovitz director, 10 percent owner, officer: Chairman and CEO CBL & ASSOCIATES PROPERTIES INC, ONE PARK PLACE 6148 LEE HWY, CHATTANOOGA TN 37421
Strategic Value Partners, Llc 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Strategic Value Special Situations Offshore Fund V, L.p. 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jonathan M Heller director, other: Member of 10% owner group CANYON PARTNERS, LLC, 1370 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10019
Jeffrey Kivitz director 39 BOLAND ROAD, SHARON CT 06069
Marjorie L. Bowen director 225 6TH STREET, MANHATTAN BEACH CA 90266
Strategic Value Special Situations Master Fund Iv, L.p. 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Svp Special Situations Iv Llc 10 percent owner C/O STRATEGIC VALUE PARTNERS, LLC, 100 WEST PUTNAM AVENUE, GREENWICH CT 06830