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Kingstone (Kingstone) Effective Interest Rate on Debt % : 15.82% (As of Dec. 2023)


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What is Kingstone 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. Kingstone's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.0 Mil. Kingstone's average total debt for the quarter that ended in Dec. 2023 was $25.2 Mil. Therefore, Kingstone's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.82%.


Kingstone Effective Interest Rate on Debt % Historical Data

The historical data trend for Kingstone'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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Kingstone Effective Interest Rate on Debt % Chart

Kingstone 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 6.21 6.18 6.14 7.34 15.88

Kingstone 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 9.42 16.05 15.98 15.69 15.82

Competitive Comparison of Kingstone's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Kingstone'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.


Kingstone's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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



Kingstone Effective Interest Rate on Debt % Calculation

Kingstone'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  *  -4.003/( (25.159+25.244)/ 2 )
=-1  *  -4.003/25.2015
=15.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.159 + 0
=25.159

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.244 + 0
=25.244

Kingstone'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  *  -3.992/( (25.225+25.244)/ 2 )
=-1  *  -3.992/25.2345
=15.82 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.225 + 0
=25.225

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.244 + 0
=25.244

* 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.


Kingstone  (NAS:KINS) Effective Interest Rate on Debt % Explanation

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


Kingstone Effective Interest Rate on Debt % Related Terms

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Kingstone (Kingstone) Business Description

Traded in Other Exchanges
N/A
Address
15 Joys Lane, Kingston, NY, USA, 12401
Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.
Executives
Meryl S. Golden director, officer: Chief Operating Officer 15 JOYS LANE, KINGSTON NY 12401
Timothy P Mcfadden director 310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701
Michelle A. Gage officer: Chief Accounting Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Minlei Chen officer: Chief Actuary and Senior VP KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401
Jennifer Gravelle officer: Chief Financial Officer C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Pelt Scott Van officer: Chief Financial Officer, Treas C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
William L Yankus director 10 PHEASANT HILL, FARMINGTON CT 06032
Richard Jason Swartz officer: Chief Accounting Officer 70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581
Floyd R Tupper director C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Barry Goldstein director, 10 percent owner, officer: President, COB, CEO, CFO, Trea 15 JOYS LANE, KINGSTON NY 12401
Jay M Haft director, 10 percent owner C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102
Dale A Thatcher director 40 WANTAGE AVE, BRANCHVILLE NJ 07890
Carla D'andre director 3540 LOQUAT AVENUE, MIAMI FL 33133
Jack D Siebald director 1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557
Benjamin Walden officer: VP+Chief Actuary-Kingstone Ins 11 MILL POND LANE, CENTERPORT NY 11721