ECN Capital (ECN Capital) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is ECN 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. ECN Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.0 Mil. ECN Capital's average total debt for the quarter that ended in Mar. 2024 was $782.6 Mil. Therefore, ECN Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

ECN Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for ECN 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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ECN Capital Effective Interest Rate on Debt % Chart

ECN Capital Annual Data

Trend

Dec14

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Dec20

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Dec23

Effective Interest Rate on Debt %

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ECN Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of ECN Capital's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, ECN 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.

ECN Capital's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

ECN Capital Effective Interest Rate on Debt % Calculation

ECN 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 * 0	/	( (1029.098	+	917.699)	/ 2 )
=	-1 * 0	/	973.3985
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1029.098	+	0
=	1029.098

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	917.699	+	0
=	917.699

ECN Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (917.699	+	647.559)	/ 2 )
=	-1 * 0	/	782.629
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	917.699	+	0
=	917.699

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	647.559	+	0
=	647.559

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ECN Capital (OTCPK:ECNCF) Effective Interest Rate on Debt % Explanation

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

ECN Capital Effective Interest Rate on Debt % Related Terms

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ECN Capital (ECN Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (OTCPK:ECNCF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2EZ:Germany ECN.PR.C.PFD:Canada ECN:Canada

Address

161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.