GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Great Elm Capital Corp (NAS:GECC) » Definitions » Effective Interest Rate on Debt %

Great Elm Capital (Great Elm Capital) Effective Interest Rate on Debt % : 8.02% (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Great Elm Capital 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. Great Elm Capital's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11.23 Mil. Great Elm Capital's average total debt for the quarter that ended in Dec. 2023 was $140.09 Mil. Therefore, Great Elm Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.02%.


Great Elm Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Great Elm Capital'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.

* Premium members only.

Great Elm Capital Effective Interest Rate on Debt % Chart

Great Elm Capital Annual Data
Trend Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.79 7.75 8.09 7.24 8.01

Great Elm Capital 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 7.25 7.48 7.45 9.27 8.02

Competitive Comparison of Great Elm Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, Great Elm Capital'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.


Great Elm Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Great Elm Capital's Effective Interest Rate on Debt % falls into.



Great Elm Capital Effective Interest Rate on Debt % Calculation

Great Elm Capital'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  *  -11.742/( (153.152+140.214)/ 2 )
=-1  *  -11.742/146.683
=8.01 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=153.152 + 0
=153.152

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=140.214 + 0
=140.214

Great Elm Capital'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  *  -11.232/( (139.965+140.214)/ 2 )
=-1  *  -11.232/140.0895
=8.02 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=139.965 + 0
=139.965

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=140.214 + 0
=140.214

* 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.


Great Elm Capital  (NAS:GECC) Effective Interest Rate on Debt % Explanation

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


Great Elm Capital Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Great Elm Capital's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Great Elm Capital (Great Elm Capital) Business Description

Traded in Other Exchanges
N/A
Address
800 South Street, Suite 230, Waltham, MA, USA, 02453
Great Elm Capital Corp is an externally managed, non-diversified closed-end management investment company. The company seeks to generate current income and capital appreciation through debt and equity investments, including investments in specialty finance businesses. It invests in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses. The company generates revenue from interest on the debt investments that it holds.
Executives
Great Elm Group, Inc. 10 percent owner 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453
Richard M Cohen director C/O CARNEGIE INTERNATIONAL CORP, 11350 MCCORMICK ROAD EXECUTIVE PLAZA #3, HUNT VALLEY MD 21031
Mark Kuperschmid director MAST CAPITAL MANAGEMENT, LLC, 200 CLARENDON STREET, 51ST FLOOR, BOSTON MA 02116
Matthew D Kaplan officer: CEO and President 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453
Northern Right Capital Management, L.p. 10 percent owner, other: Member of 13D 10% Group 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Nrc Partners I, Lp 10 percent owner 9 OLD KINGS HIGHWAY SOUTH, 4TH FLOOR, DARIEN CT 06820
Bc Advisors Llc 10 percent owner 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Northern Right Capital (qp), L.p. 10 percent owner 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Matthew A Drapkin director 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
Chad Perry director C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408
Lenders Funding Llc /california 10 percent owner 523 A AVENUE, CORONADO CA 92118
Robert A Zadek 10 percent owner 523 A AVENUE, CORONADO CA 92118
Erik A Falk director C/O KKR ASSET MANAGEMENT LLC, 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Adam M Kleinman officer: Chief Compliance Officer 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453
Michael C Speller director 800 SOUTH STREET, SUITE 230, WALTHAM MA 02453