What is GDL 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. GDL Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. GDL Fund's average total debt for the quarter that ended in Dec. 2023 was $0.00 Mil. Therefore, GDL Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.
GDL Fund Effective Interest Rate on Debt % Historical Data
The historical data trend for GDL 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.
Competitive Comparison of GDL Fund's Effective Interest Rate on Debt %
For the Asset Management subindustry, GDL 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.
GDL Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, GDL Fund's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where GDL Fund's Effective Interest Rate on Debt % falls into.
GDL Fund Effective Interest Rate on Debt % Calculation
GDL Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 two times the semi-annual (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
GDL Fund (NYSE:GDL) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
GDL Fund Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of GDL Fund's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
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