Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Effective Interest Rate on Debt % : 5.23% (As of Apr. 2018)

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What is Advent Claymore Convertible Securities &ome Fu 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. Advent Claymore Convertible Securities &ome Fu's annualized positive value of Interest Expense for the quarter that ended in Apr. 2018 was $3.93 Mil. Advent Claymore Convertible Securities &ome Fu's average total debt for the quarter that ended in Apr. 2018 was $75.12 Mil. Therefore, Advent Claymore Convertible Securities &ome Fu's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2018 was 5.23%.

Advent Claymore Convertible Securities &ome Fu Effective Interest Rate on Debt % Historical Data

The historical data trend for Advent Claymore Convertible Securities &ome Fu'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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Advent Claymore Convertible Securities &ome Fu Effective Interest Rate on Debt % Chart

Advent Claymore Convertible Securities &ome Fu Annual Data

Trend

Oct17

Effective Interest Rate on Debt %

3.67

Advent Claymore Convertible Securities &ome Fu Semi-Annual Data
	Oct17	Apr18
Effective Interest Rate on Debt %	-	5.23

Competitive Comparison of Advent Claymore Convertible Securities &ome Fu's Effective Interest Rate on Debt %

For the Asset Management subindustry, Advent Claymore Convertible Securities &ome Fu'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.

Advent Claymore Convertible Securities &ome Fu's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Claymore Convertible Securities &ome Fu's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Advent Claymore Convertible Securities &ome Fu's Effective Interest Rate on Debt % falls into.

Advent Claymore Convertible Securities &ome Fu Effective Interest Rate on Debt % Calculation

Advent Claymore Convertible Securities &ome Fu's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: Oct. 2017 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: Oct. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Advent Claymore Convertible Securities &ome Fu's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2017 )	+	Total Debt (Q: Apr. 2018 ))	/ count )
=	-1 * -3.932	/	( (80.007	+	70.228)	/ 2 )
=	-1 * -3.932	/	75.1175
=	5.23 %

where

	Total Debt (Q: Oct. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	80.007	+	0
=	80.007

	Total Debt (Q: Apr. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	70.228	+	0
=	70.228

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 (Apr. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Advent Claymore Convertible Securities &ome Fu (NYSE:AGC) Effective Interest Rate on Debt % Explanation

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

Advent Claymore Convertible Securities &ome Fu Effective Interest Rate on Debt % Related Terms

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Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Claymore Convertible Securities & Income Fu (NYSE:AGC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.guggenheiminvestments.com

Advent Claymore Convertible Securities & Income Fund of Benefical Interest, formerly known as Advent/claymore Gl Convrtbl Sec & Inc Fd is a diversified, closed-end management investment company. Its investment objective is to provide total return, through a combination of capital appreciation and current income.

Executives

Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Tracy V Maitland	director, officer: Chairman, President & CEO, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Paul Latronica	other: Portfolio Manager	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Ronald Nyberg	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Hart Woodson	other: Portfolio Manager	2455 CORPORATE WEST DRIVE LISLE IL 60532
Michael A Smart	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036