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Voya Financial (Voya Financial) Effective Interest Rate on Debt % : 9.33% (As of Dec. 2023)


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What is Voya Financial 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. Voya Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $320 Mil. Voya Financial's average total debt for the quarter that ended in Dec. 2023 was $3,428 Mil. Therefore, Voya Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.33%.


Voya Financial Effective Interest Rate on Debt % Historical Data

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

Voya Financial 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 5.89 5.06 6.13 5.27 8.64

Voya Financial 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 5.70 5.52 10.65 8.69 9.33

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

For the Financial Conglomerates subindustry, Voya Financial'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.


Voya Financial's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

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

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



Voya Financial Effective Interest Rate on Debt % Calculation

Voya Financial'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  *  -298/( (3469+3430)/ 2 )
=-1  *  -298/3449.5
=8.64 %

where

Voya Financial'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  *  -320/( (3426+3430)/ 2 )
=-1  *  -320/3428
=9.33 %

where

* 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.


Voya Financial  (NYSE:VOYA) Effective Interest Rate on Debt % Explanation

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


Voya Financial Effective Interest Rate on Debt % Related Terms

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Voya Financial (Voya Financial) Business Description

Traded in Other Exchanges
Address
230 Park Avenue, New York, NY, USA, 10169
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.
Executives
Martin Rodney O Jr director, officer: Chairman and CEO 70 PINE ST, NEW YORK NY 10270
Tony D Oh officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Brannigan C Thompson other: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Yvette S. Butler director 230 PARK AVENUE, NEW YORK NY 10169
Biff Bowman director 50 S. LASALLE STREET, CHICAGO IL 60603
Hikmet Ersek director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Santhosh Keshavan officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Matthew Levin officer: See Remarks NEUSTAR, INC., 4600 CENTER OAK PLAZA, STERLING VA 20166
Charles P Nelson officer: CEO, Retirement 230 PARK AVE, NEW YORK NY 10169
Donald C. Templin officer: See Remarks 328 PHEASANT RUN PLACE, FINDLAY OH 45840
Nancy Ferrara officer: See Remarks 230 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10169
Trevor Ogle officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Michael Robert Katz officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Michael S Smith officer: Chief Risk Officer 230 PARK AVENUE, NEW YORK NY 10169
My Chi To officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169