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GDO (Western Asset Global Defined Opp) Effective Interest Rate on Debt % : 6.77% (As of Apr. 2024)


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What is Western Asset Global Defined Opp 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. 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%.


Western Asset Global Defined Opp Effective Interest Rate on Debt % Historical Data

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.

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Western Asset Global Defined Opp Effective Interest Rate on Debt % Chart

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 3.08 5.94 6.45 6.77

Competitive Comparison of Western Asset Global Defined Opp's Effective Interest Rate on Debt %

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.


Western Asset Global Defined Opp's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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 Effective Interest Rate on Debt % Calculation

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

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

* 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.


Western Asset Global Defined Opp Effective Interest Rate on Debt % Related Terms

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Western Asset Global Defined Opp Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.
Executives
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
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
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

Western Asset Global Defined Opp Headlines

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