BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Effective Interest Rate on Debt % : 6.01% (As of Nov. 2023)

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What is BNY Mellon Strategic Municipal Bond Fund, 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. BNY Mellon Strategic Municipal Bond Fund,'s annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $6.50 Mil. BNY Mellon Strategic Municipal Bond Fund,'s average total debt for the quarter that ended in Nov. 2023 was $108.14 Mil. Therefore, BNY Mellon Strategic Municipal Bond Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.01%.

BNY Mellon Strategic Municipal Bond Fund, Effective Interest Rate on Debt % Historical Data

The historical data trend for BNY Mellon Strategic Municipal Bond Fund,'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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BNY Mellon Strategic Municipal Bond Fund, Effective Interest Rate on Debt % Chart

BNY Mellon Strategic Municipal Bond Fund, Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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2.11

1.42

0.72

1.56

4.42

BNY Mellon Strategic Municipal Bond Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.85	0.95	2.31	3.34	6.01

Competitive Comparison of BNY Mellon Strategic Municipal Bond Fund,'s Effective Interest Rate on Debt %

For the Asset Management subindustry, BNY Mellon Strategic Municipal Bond Fund,'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.

BNY Mellon Strategic Municipal Bond Fund,'s Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipal Bond Fund,'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BNY Mellon Strategic Municipal Bond Fund,'s Effective Interest Rate on Debt % falls into.

BNY Mellon Strategic Municipal Bond Fund, Effective Interest Rate on Debt % Calculation

BNY Mellon Strategic Municipal Bond Fund,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -5.08	/	( (116.415	+	113.555)	/ 2 )
=	-1 * -5.08	/	114.985
=	4.42 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.415	+	0
=	116.415

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	113.555	+	0
=	113.555

BNY Mellon Strategic Municipal Bond Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -6.504	/	( (102.715	+	113.555)	/ 2 )
=	-1 * -6.504	/	108.135
=	6.01 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102.715	+	0
=	102.715

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	113.555	+	0
=	113.555

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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

BNY Mellon Strategic Municipal Bond Fund, (NYSE:DSM) Effective Interest Rate on Debt % Explanation

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

BNY Mellon Strategic Municipal Bond Fund, Effective Interest Rate on Debt % Related Terms

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BNY Mellon Strategic Municipal Bond Fund, (BNY Mellon Strategic Municipal Bond Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellon.com

BNY Mellon Strategic Municipal Bond Fund, Inc. is a diversified closed-end management investment company. Its investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company provides access to a diverse global network of world-class investment management boutiques, that deliver investment insight and strategies backed by quality, performance, and client relationships.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Insight North America Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John P Shea	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
David Dipetrillo	officer: Vice President	C/O THE DREYFUS CORPORATION, 240 GREENWICH STREET, NEW YORK NY 10286
Mark D Woods	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286