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Emergent Capital (Emergent Capital) Effective Interest Rate on Debt % : 9.92% (As of Aug. 2020)


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What is Emergent 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. Emergent Capital's annualized positive value of Interest Expense for the quarter that ended in Aug. 2020 was $10.97 Mil. Emergent Capital's average total debt for the quarter that ended in Aug. 2020 was $110.64 Mil. Therefore, Emergent Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 was 9.92%.


Emergent Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Emergent 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.

* Premium members only.

Emergent Capital Effective Interest Rate on Debt % Chart

Emergent Capital Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Nov19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.29 10.76 9.37 8.41 4.08

Emergent Capital Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
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 9.89 9.85 8.45 8.98 9.92

Competitive Comparison of Emergent Capital's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Emergent 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.


Emergent Capital's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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



Emergent Capital Effective Interest Rate on Debt % Calculation

Emergent Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Nov. 2019 ))/ count )
=-1  *  -11.22/( (432.919+116.697)/ 2 )
=-1  *  -11.22/274.808
=4.08 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=432.919 + 0
=432.919

Total Debt  (A: Nov. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=116.697 + 0
=116.697

Emergent Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2020 )+Total Debt  (Q: Aug. 2020 ))/ count )
=-1  *  -10.972/( (110.37+110.911)/ 2 )
=-1  *  -10.972/110.6405
=9.92 %

where

Total Debt  (Q: May. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.37 + 0
=110.37

Total Debt  (Q: Aug. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.911 + 0
=110.911

* 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 (Aug. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Emergent Capital  (OTCPK:EMGCQ) Effective Interest Rate on Debt % Explanation

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


Emergent Capital Effective Interest Rate on Debt % Related Terms

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Emergent Capital (Emergent Capital) Business Description

Traded in Other Exchanges
N/A
Address
5355 Town Center Road, Suite 701, Boca Raton, FL, USA, 33486
Emergent Capital Inc operates as a life insurance company. The firm invests primarily in life settlements, which provide liquidity for the owners of life insurance policies that face a short-term cash need or can no longer afford their insurance premiums. It also focuses on providing portfolio management services. The company receives maximum revenue in the form of interest income. Geographically, the company operates only in the United States of America market region.
Executives
Patrick J Curry director, 10 percent owner, officer: CEO 5601 WEST WACO DRIVE WACO TX 76710
Pjc Investments, Llc director, 10 percent owner 204 WOODHEW DRIVE WACO TX 76712
Robert C Knapp director C/O IRONSIDES PARTNERS LLC, 100 SUMMER STREET, SUITE 2705, BOSTON MA 02110
Miriam Martinez officer: CFO and Secretary C/O IMPERIAL HOLDINGS, INC. 701 PARK OF COMMERCE BLVD., SUITE 301 BOCA RATON FL 33487
Jack Simony officer: VP and CIO C/O EMERGENT CAPITAL, INC. 5355 TOWN CENTER ROAD, SUITE 701 BOCA RATON FL 33486
Harvey Z. Werblowsky officer: VP, CLO and GC C/O EMERGENT CAPITAL, INC. 5355 TOWN CENTER ROAD, SUITE 701 BOCA RATON FL 33486
Matthew D Houk director 470 PARK AVENUE SOUTH 4TH FLOOR NEW YORK NY 10016
Roy Patterson director 17002 MARCY STREET OMAHA NE 68118
James G. Wolf director 105, FLYWAY DRIVE, KIAWAH ISLAND SC 29455
Patrick Thomas Brennan director 1 SEA BREEZE COURT NAPA CA 94559
Joseph E Sarachek director, 10 percent owner C/O TRIAX CAPITAL ADVISORS, LLC 620 FIFTH AVENUE, 2ND FLOOR NEW YORK NY 10020
Topco 1, Llc director, 10 percent owner C/O KELLEY DRYE & WARREN LLP 101 PARK AVENUE NEW YORK NY 10178
Jsarco, Llc director, 10 percent owner C/O KELLEY DRYE & WARREN LLP 101 PARK AVENUE NEW YORK NY 10178
Antony Mitchell other: Former CEO and Director 701 PARK OF COMMERCE BOULEVARD SUITE 301 BOCA RATON FL 33487
James Hua director 40 LAKE BELLEVUE DRIVE BELLEVUE WA 98108

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