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Lancashire Holdings (Lancashire Holdings) Effective Interest Rate on Debt % : 5.02% (As of Dec. 2023)


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What is Lancashire Holdings 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. Lancashire Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $24 Mil. Lancashire Holdings's average total debt for the quarter that ended in Dec. 2023 was $470 Mil. Therefore, Lancashire Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.02%.

Lancashire Holdings Effective Interest Rate on Debt % Historical Data

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

Lancashire Holdings 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 5.91 4.90 6.60 5.68 5.80

Lancashire Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -1.63 6.34 5.12 6.60 5.02

Competitive Comparison of Lancashire Holdings's Effective Interest Rate on Debt %

For the Insurance - Specialty subindustry, Lancashire Holdings'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.

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

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

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


Lancashire Holdings Effective Interest Rate on Debt % Calculation

Lancashire Holdings'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  *  -27.3/( (469.4+471.3)/ 2 )
=-1  *  -27.3/470.35
=5.80 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=467.2 + 2.2
=469.4

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=468.1 + 3.2
=471.3

Lancashire Holdings'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -23.6/( (469.5+471.3)/ 2 )
=-1  *  -23.6/470.4
=5.02 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=469.5 + 0
=469.5

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=468.1 + 3.2
=471.3

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lancashire Holdings  (OTCPK:LCSHF) Effective Interest Rate on Debt % Explanation

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

Lancashire Holdings Effective Interest Rate on Debt % Related Terms

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Lancashire Holdings (Lancashire Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (OTCPK:LCSHF) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
LREl:UK LRE:UK
Address
7 Par-la-Ville Road, Power House, Hamilton, BMU, HM 11
Website
https://www.lancashiregroup.com
Lancashire Holdings Ltd is a specialty insurer and reinsurer. More than two-thirds of the premiums it receives are for insurance and reinsurance contracts that cover the United States and Canada or offshore areas throughout the world. Property insurance and reinsurance premiums provide the largest portion of the company's revenue. The company also provides insurance in the energy, marine, and aviation segments. More than a third of the company's premiums come through the company's Cathedral platform, which consists of two syndicates within Lloyd's market.