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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. Western Asset Global Defined Opp's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was $5.49 Mil. Western Asset Global Defined Opp's average total debt for the quarter that ended in Apr. 2024 was $81.00 Mil. Therefore, Western Asset Global Defined Opp's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 6.77%.
The historical data trend for Western Asset Global Defined Opp'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.
Western Asset Global Defined Opp Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 3.34 | 1.92 | 0.83 | 2.00 | 6.16 |
Western Asset Global Defined Opp Semi-Annual Data | ||||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | Apr24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 0.90 | 3.08 | 5.94 | 6.45 | 6.77 |
For the Asset Management subindustry, Western Asset Global Defined Opp'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.
For the Asset Management industry and Financial Services sector, Western Asset Global Defined Opp's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Western Asset Global Defined Opp's Effective Interest Rate on Debt % falls into.
Western Asset Global Defined Opp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Oct. 2022 ) | + | Total Debt (A: Oct. 2023 )) | / count ) |
= | -1 * -5.05 | / | ( (83 | + | 81) | / 2 ) |
= | -1 * -5.05 | / | 82 | |||
= | 6.16 % |
where
Total Debt (A: Oct. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 83 | + | 0 |
= | 83 |
Total Debt (A: Oct. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 81 | + | 0 |
= | 81 |
Western Asset Global Defined Opp's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Oct. 2023 ) | + | Total Debt (Q: Apr. 2024 )) | / count ) |
= | -1 * -5.486 | / | ( (81 | + | 81) | / 2 ) |
= | -1 * -5.486 | / | 81 | |||
= | 6.77 % |
where
Total Debt (Q: Oct. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 81 | + | 0 |
= | 81 |
Total Debt (Q: Apr. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 81 | + | 0 |
= | 81 |
* 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 (Apr. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Western Asset Global Defined Opp (NYSE:GDO) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Western Asset Global Defined Opp's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oliveira Marc De | officer: Secretary/Chief Legal Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Eileen A Kamerick | director | 200 NORTH ADAMS STREET, GREEN BAY WI 54301 |
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Matthew Nicholls | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jed A. Plafker | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jennifer M Johnson | other: Director of Sub-Adviser | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Fred Steven Jensen | officer: Chief Compliance Officer | LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Christopher Berarducci | officer: Treas/Principal Finan Officer | LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018 |
Nisha Kumar | director | 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103 |
Jennifer S Berg | officer: Treasurer | 100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202 |
Todd F Kuehl | officer: Chief Compliance Officer | 1555 PEACHTREE STREET NE, ATLANTA GA 30309 |
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