Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Effective Interest Rate on Debt % : 3.99% (As of May. 2018)

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What is Kayne Anderson Energy Development Co 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. Kayne Anderson Energy Development Co's annualized positive value of Interest Expense for the quarter that ended in May. 2018 was $2.38 Mil. Kayne Anderson Energy Development Co's average total debt for the quarter that ended in May. 2018 was $59.68 Mil. Therefore, Kayne Anderson Energy Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2018 was 3.99%.

Kayne Anderson Energy Development Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Kayne Anderson Energy Development Co'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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Kayne Anderson Energy Development Co Effective Interest Rate on Debt % Chart

Kayne Anderson Energy Development Co Annual Data

Trend

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Effective Interest Rate on Debt %

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2.94

2.48

2.46

3.19

3.93

Kayne Anderson Energy Development Co Semi-Annual Data
	May08	Nov08	May09	Nov09	May10	Nov10	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.19	3.38	3.48	4.08	3.99

Competitive Comparison of Kayne Anderson Energy Development Co's Effective Interest Rate on Debt %

For the Asset Management subindustry, Kayne Anderson Energy Development Co'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.

Kayne Anderson Energy Development Co's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson Energy Development Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kayne Anderson Energy Development Co's Effective Interest Rate on Debt % falls into.

Kayne Anderson Energy Development Co Effective Interest Rate on Debt % Calculation

Kayne Anderson Energy Development Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2016 )	+	Total Debt (A: Nov. 2017 ))	/ count )
=	-1 * -2.702	/	( (78	+	59.665)	/ 2 )
=	-1 * -2.702	/	68.8325
=	3.93 %

where

	Total Debt (A: Nov. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78	+	0
=	78

	Total Debt (A: Nov. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.665	+	0
=	59.665

Kayne Anderson Energy Development Co's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2017 )	+	Total Debt (Q: May. 2018 ))	/ count )
=	-1 * -2.38	/	( (59.665	+	59.703)	/ 2 )
=	-1 * -2.38	/	59.684
=	3.99 %

where

	Total Debt (Q: Nov. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.665	+	0
=	59.665

	Total Debt (Q: May. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.703	+	0
=	59.703

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 two times the semi-annual (May. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Kayne Anderson Energy Development Co (NYSE:KED) Effective Interest Rate on Debt % Explanation

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

Kayne Anderson Energy Development Co Effective Interest Rate on Debt % Related Terms

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Kayne Anderson Energy Development Co (Kayne Anderson Energy Development Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.kaynefunds.com

Kayne Anderson Energy Development Co is a non-diversified, closed-end fund. Its objective is to generate current income and capital appreciation through equity and debt investments. The fund seeks to achieve this objective by investing at least 80% of its total assets in securities of Energy companies. A key focus area for the company's investments is equity and debt investments in private and public entities structured as Ltd partnerships. In addition, it also owns equity and debt investments in Upstream, Midstream and Other Energy companies. Geographically all the operation is functioned through the region of US.

Executives

Richard A Kayne	10 percent owner, other: CEO of Member/Manager of IA
William R Cordes	director	17237 HOWARD PLAZA, OMAHA NE 68118
Alan Boswell	officer: VICE PRESIDENT	811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002
Terry A Hart	officer: Treasurer and CFO	1000 LOUISIANA STREET SUITE 5800, HOUSTON TX 77002
Prudential Insurance Co Of America	10 percent owner	751 BROAD STREET, NEWARK NJ 07102
Prudential Financial Inc	10 percent owner	751 BROAD ST, NEWARK NJ 07102
James C Baker	officer: Vice President	C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067
Jody Meraz	officer: Vice President	717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002
Ka Holdings Inc	10 percent owner, other: Affiliate / Investment Adviser	1800 AVENUE OF THE STARS, 2ND FLOOR, LOS ANGELES CA 90067
Kevin S Mccarthy	director, officer: President, CEO, Chairman	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Daley	other: Investment Adviser CFO	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
John Anderson	10 percent owner, other: Affiliate / Investment Adviser	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
Robert Sinnott	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
William L Thacker	director	94 WEDGEWOOD DR. W., MONTGOMERY TX 77366
Barry R Pearl	director	P.O. BOX 2521, HOUSTON TX 77252-2521