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First American Financial (First American Financial) Effective Interest Rate on Debt % : 6.09% (As of Dec. 2023)


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What is First American Financial 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. First American Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $133 Mil. First American Financial's average total debt for the quarter that ended in Dec. 2023 was $2,186 Mil. Therefore, First American Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.09%.


First American Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for First American Financial'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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First American Financial Effective Interest Rate on Debt % Chart

First American Financial 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 4.49 3.62 3.38 3.92 5.92

First American Financial 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 5.24 6.23 6.48 6.09 6.25

Competitive Comparison of First American Financial's Effective Interest Rate on Debt %

For the Insurance - Specialty subindustry, First American Financial'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.


First American Financial's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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



First American Financial Effective Interest Rate on Debt % Calculation

First American Financial'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  *  -132.5/( (2281.4+2193.8)/ 2 )
=-1  *  -132.5/2237.6
=5.92 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1361.1 + 920.3
=2281.4

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1340.5 + 853.3
=2193.8

First American Financial'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  *  -133.2/( (2177.4+2193.8)/ 2 )
=-1  *  -133.2/2185.6
=6.09 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1647 + 530.4
=2177.4

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1340.5 + 853.3
=2193.8

* 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.


First American Financial  (NYSE:FAF) Effective Interest Rate on Debt % Explanation

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


First American Financial Effective Interest Rate on Debt % Related Terms

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First American Financial (First American Financial) Business Description

Traded in Other Exchanges
N/A
Address
1 First American Way, Santa Ana, CA, USA, 92707-5913
First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.
Executives
Steven A Adams officer: VP & Chief Accounting Officer 2260 E IMPERIAL HIGHWAY, EL SEGUNDO X1 90245
Christopher Michael Leavell officer: COO of Subsidiary 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Marsha A Spence director 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Kenneth D Degiorgio director, officer: Executive Vice President
Lisa W Cornehl officer: SVP, Chief Legal Officer 1 FIRST AMERICAN WAY, SANTA ANA CA 92886
Jean C Latorre director 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Mark C Oman director ONE HOME CAMPUS X2401-06X, DES MOINES IA 50328
Mark Edward Seaton officer: Senior Vice President 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Matthew F. Wajner officer: Chief Accounting Officer 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Martha B Wyrsch director
Dennis J Gilmore officer: Chief Executive Officer 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Reginald Harold Gilyard director 1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Parker S Kennedy director, officer: Executive Chairman 114 EAST FIFTH STREET, SANTA ANA CA 92701
James L Doti director
Margaret M Mccarthy director AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156

First American Financial (First American Financial) Headlines

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