Morguard (Morguard) Effective Interest Rate on Debt % : 4.75% (As of Dec. 2023)

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What is Morguard 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. Morguard's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $204.2 Mil. Morguard's average total debt for the quarter that ended in Dec. 2023 was $4,301.8 Mil. Therefore, Morguard's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.75%.

Morguard Effective Interest Rate on Debt % Historical Data

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

Morguard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.05

4.02

3.70

3.73

4.47

Morguard 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															4.04	4.18	4.41	4.44	4.75

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

For the Real Estate - Diversified subindustry, Morguard'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.

Morguard's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Morguard's Effective Interest Rate on Debt % distribution charts can be found below:

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

Morguard Effective Interest Rate on Debt % Calculation

Morguard'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 * -192.261	/	( (4269.57	+	4327.37)	/ 2 )
=	-1 * -192.261	/	4298.47
=	4.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3377.513	+	892.057
=	4269.57

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3006.771	+	1320.599
=	4327.37

Morguard'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 * -204.224	/	( (4276.167	+	4327.37)	/ 2 )
=	-1 * -204.224	/	4301.7685
=	4.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3360.32	+	915.847
=	4276.167

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3006.771	+	1320.599
=	4327.37

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.

Morguard (OTCPK:MRCBF) Effective Interest Rate on Debt % Explanation

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

Morguard Effective Interest Rate on Debt % Related Terms

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Morguard (Morguard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Morguard Corp (OTCPK:MRCBF) » Definitions » Effective Interest Rate on Debt %

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MRC:Canada

Address

55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

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