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Verisk Analytics (Verisk Analytics) Effective Interest Rate on Debt % : 3.63% (As of Dec. 2023)


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What is Verisk Analytics 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. Verisk Analytics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $112 Mil. Verisk Analytics's average total debt for the quarter that ended in Dec. 2023 was $3,095 Mil. Therefore, Verisk Analytics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.63%.


Verisk Analytics Effective Interest Rate on Debt % Historical Data

The historical data trend for Verisk Analytics'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.

* Premium members only.

Verisk Analytics Effective Interest Rate on Debt % Chart

Verisk Analytics 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 4.14 3.99 3.58 3.69 3.28

Verisk Analytics 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 4.33 3.00 4.10 3.81 3.63

Competitive Comparison of Verisk Analytics's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Verisk Analytics'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.


Verisk Analytics's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Verisk Analytics's Effective Interest Rate on Debt % distribution charts can be found below:

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



Verisk Analytics Effective Interest Rate on Debt % Calculation

Verisk Analytics'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  *  -115.5/( (3955.5+3095.4)/ 2 )
=-1  *  -115.5/3525.45
=3.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2533.1 + 1422.4
=3955.5

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3047.8 + 47.6
=3095.4

Verisk Analytics'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  *  -112.4/( (3095.3+3095.4)/ 2 )
=-1  *  -112.4/3095.35
=3.63 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3039 + 56.3
=3095.3

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3047.8 + 47.6
=3095.4

* 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.


Verisk Analytics  (NAS:VRSK) Effective Interest Rate on Debt % Explanation

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


Verisk Analytics Effective Interest Rate on Debt % Related Terms

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Verisk Analytics (Verisk Analytics) Business Description

Address
545 Washington Boulevard, Jersey City, NJ, USA, 07310-1686
Verisk Analytics is the leading provider of statistical, actuarial, and underwriting data for the United States' property and casualty insurance industry. Verisk leverages a vast contributory database and proprietary data assets to develop analytical tools helping insurance providers to better assess and price risk, achieve operational efficiency and optimize claim settlement processes. While Verisk also offers tools to quantify costs after loss events occur and to detect fraudulent activity, it is expanding into adjacent markets of life insurance, marketing, and non-U.S. operations.
Executives
Nicholas Daffan officer: Chief Information Officer C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Therese M Vaughan director VALIDUS HOLDINGS, THE CHARTIS BUILDING / 29 RICHMOND ROAD, PEMBROKE D0 HM 08
Samuel G Liss director VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Bruce Edward Hansen director 17732 VINEYARD LANE, POWAY CA 92064
Wendy E Lane director
David J. Grover officer: Chief Accounting Officer C/O VERISK ANALYSIS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Christopher M Foskett director C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
David B Wright director C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Kathy Card Beckles officer: EVP, Gen Counsel and Corp Sec C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 073I0
Elizabeth Mann officer: Chief Financial Officer C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Olumide Soroye director 6920 SEAWAY BLVD., EVERETT WA 98203
Lee Shavel officer: EVP and CFO ONE LIBERTY PLAZA, NEW YORK NY 10006
Jeffrey J Dailey director 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Kimberly S Stevenson director 199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Scott G Stephenson officer: EVP & COO C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686