BlackRock TCP Capital (BlackRock TCP Capital) Effective Interest Rate on Debt % : 4.41% (As of Dec. 2023)

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What is BlackRock TCP Capital 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. BlackRock TCP Capital's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $43.16 Mil. BlackRock TCP Capital's average total debt for the quarter that ended in Dec. 2023 was $977.79 Mil. Therefore, BlackRock TCP Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.41%.

BlackRock TCP Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackRock TCP Capital'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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BlackRock TCP Capital Effective Interest Rate on Debt % Chart

BlackRock TCP Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.86

4.15

3.84

3.63

4.56

BlackRock TCP Capital 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															3.95	4.32	4.81	4.87	4.41

Competitive Comparison of BlackRock TCP Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, BlackRock TCP Capital'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.

BlackRock TCP Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

BlackRock TCP Capital Effective Interest Rate on Debt % Calculation

BlackRock TCP Capital'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 * -43.954	/	( (944.006	+	985.201)	/ 2 )
=	-1 * -43.954	/	964.6035
=	4.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	944.006	+	0
=	944.006

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	985.201	+	0
=	985.201

BlackRock TCP Capital'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 * -43.16	/	( (970.374	+	985.201)	/ 2 )
=	-1 * -43.16	/	977.7875
=	4.41 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	970.374	+	0
=	970.374

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	985.201	+	0
=	985.201

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.

BlackRock TCP Capital (NAS:TCPC) Effective Interest Rate on Debt % Explanation

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

BlackRock TCP Capital Effective Interest Rate on Debt % Related Terms

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BlackRock TCP Capital (BlackRock TCP Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock TCP Capital Corp (NAS:TCPC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

8TC:Germany

Address

2951 28th Street, Suite 1000, Santa Monica, CA, USA, 90405

Website

https://www.tcpcapital.com

BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve our investment objective primarily through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.

Executives

Karen L Leets	director	125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Rajneesh Vig	officer: Authorized Person, other: Officer of Advisor	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA X1 90405
Karyn Leigh Williams	director	C/O TENNENBAUM CAPITAL PARTNERS, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Erik L. Cuellar	officer: Chief Financial Officer	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Andrea Petro	director	C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
Philip M Tseng	officer: Chief Operating Officer	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Charles Park	officer: CCO	55 EAST 52ND STREET, NEW YORK NY 10055
Howard Levkowitz	director, officer: Chairman & CEO	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Kathleen A Corbet	director	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Paul L Davis	officer: Chief Compliance Officer, other: Officer of Investment Adviser	TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, STE 1000, SANTA MONICA CA 90405
Brian F Wruble	director	TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Leitner	officer: Authorized Person, other: Officer of Adviser	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH ST., SUITE 1000, SANTA MONICA CA 90405
Eric John Draut	director	340 EAST RANDOLPH, SUITE 3101, CHICAGO IL 60601
Mark Holdsworth	officer: Authorized Person, other: Officer of Investment Adviser	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
M. Freddie Reiss	director	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405