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Kingsway Financial Services (Kingsway Financial Services) Effective Interest Rate on Debt % : 10.31% (As of Dec. 2023)


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What is Kingsway Financial Services 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. Kingsway Financial Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.5 Mil. Kingsway Financial Services's average total debt for the quarter that ended in Dec. 2023 was $43.9 Mil. Therefore, Kingsway Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.31%.


Kingsway Financial Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Kingsway Financial Services'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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Kingsway Financial Services Effective Interest Rate on Debt % Chart

Kingsway Financial Services 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 5.84 5.12 3.35 8.10 8.39

Kingsway Financial Services 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 5.95 16.12 9.93 9.94 10.31

Competitive Comparison of Kingsway Financial Services's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Kingsway Financial Services'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.


Kingsway Financial Services's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kingsway Financial Services's Effective Interest Rate on Debt % distribution charts can be found below:

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



Kingsway Financial Services Effective Interest Rate on Debt % Calculation

Kingsway Financial Services'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  *  -6.25/( (103.309+45.614)/ 2 )
=-1  *  -6.25/74.4615
=8.39 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=103.309 + 0
=103.309

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.614 + 0
=45.614

Kingsway Financial Services'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  *  -4.524/( (42.106+45.614)/ 2 )
=-1  *  -4.524/43.86
=10.31 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=42.106 + 0
=42.106

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.614 + 0
=45.614

* 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.


Kingsway Financial Services  (NYSE:KFS) Effective Interest Rate on Debt % Explanation

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


Kingsway Financial Services Effective Interest Rate on Debt % Related Terms

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Kingsway Financial Services (Kingsway Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
10 S. Riverside Plaza, Suite 1520, Chicago, IL, USA, 60606
Kingsway Financial Services Inc through subsidiaries operates in the extended warranty, asset management, and real estate industries in the United States. It operates through three segments: Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The firm generates maximum revenue from Extended Warranty segment in the form of Service fee and commission income.
Executives
Fitzgerald John Taylor Maloney director, officer: Executive Vice President KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Kent A Hansen officer: CFO & EVP C/O KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Charles L Frischer director 3156 EAST LAURELHURST DRIVE, NE, SEATTLE WA 98105
Oakmont Capital Inc 10 percent owner 112 ST.CLAIR AVENUE WEST, SUITE 400, ONTARIO Z4 M4V 2Y3
Gregory Paul Hannon director OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Terence Michael Kavanagh director OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Joseph Stilwell director, 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Paul R. Hogan officer: Secretary and General Counsel 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Porcelli Corissa B. director 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Stilwell Associates L P 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Investments, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Fund, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Value Partners Vii, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Hickey William August Jr officer: Executive VP, COO and CFO KINGSWAY FINANCIAL SERVICES, INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Douglas Levine director 2602 NW 5TH AVENUE, MIAMI FL 33127