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Horizon Technology Finance (Horizon Technology Finance) Effective Interest Rate on Debt % : 6.74% (As of Dec. 2023)


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What is Horizon Technology Finance 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. Horizon Technology Finance's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $30.26 Mil. Horizon Technology Finance's average total debt for the quarter that ended in Dec. 2023 was $448.87 Mil. Therefore, Horizon Technology Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.74%.


Horizon Technology Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Horizon Technology Finance'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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Horizon Technology Finance Effective Interest Rate on Debt % Chart

Horizon Technology Finance 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 5.97 5.73 5.43 5.55 6.46

Horizon Technology Finance 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 6.27 6.52 6.70 6.66 6.74

Competitive Comparison of Horizon Technology Finance's Effective Interest Rate on Debt %

For the Asset Management subindustry, Horizon Technology Finance'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.


Horizon Technology Finance's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Horizon Technology Finance's Effective Interest Rate on Debt % falls into.



Horizon Technology Finance Effective Interest Rate on Debt % Calculation

Horizon Technology Finance'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  *  -28.971/( (434.078+462.235)/ 2 )
=-1  *  -28.971/448.1565
=6.46 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=434.078 + 0
=434.078

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=462.235 + 0
=462.235

Horizon Technology Finance'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  *  -30.256/( (435.5+462.235)/ 2 )
=-1  *  -30.256/448.8675
=6.74 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=462.235 + 0
=462.235

* 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.


Horizon Technology Finance  (NAS:HRZN) Effective Interest Rate on Debt % Explanation

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


Horizon Technology Finance Effective Interest Rate on Debt % Related Terms

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Horizon Technology Finance (Horizon Technology Finance) Business Description

Traded in Other Exchanges
N/A
Address
312 Farmington Avenue, Farmington, CT, USA, 06032
Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.
Executives
Michael Balkin director C/O FORESIGHT ACQUISITION CORP., 233 N. MICHIGAN AVE., SUITE 1410, CHICAGO IL 60601
Jonathan Joseph Goodman director 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Kimberley Ann O'connor director 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Dombrowski Lynn Denise Murray officer: Chief Accounting Officer 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Gerald A. Michaud director, officer: President 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Pomeroy Robert D. Jr. director, officer: Chief Executive Officer 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Daniel R. Trolio officer: CFO 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Edmund V. Mahoney director 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Joseph J Savage director WEBSTER FINANCIAL CORP, 145 BANK ST, WATERBURY CT 06702
Elaine A Sarsynski director 312 FARMINGTON AVE, FARMINGTON CT 06032
Diane Earle officer: Chief Credit Officer 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher M. Mathieu officer: SVP, CFO and Treasurer 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Christopher B. Woodward director 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Compass Group Investments, Ltd. 10 percent owner BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000
David P. Swanson director 312 FARMINGTON AVENUE, FARMINGTON CT 06032