Africa Opportunity Fund (LSE:AOF) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Africa Opportunity 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. Africa Opportunity Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Africa Opportunity Fund's average total debt for the quarter that ended in Dec. 2023 was $0.00 Mil. Therefore, Africa Opportunity Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Africa Opportunity Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Africa Opportunity 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.

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Africa Opportunity Fund Effective Interest Rate on Debt % Chart

Africa Opportunity Fund Annual Data

Trend

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Dec23

Effective Interest Rate on Debt %

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Africa Opportunity Fund Semi-Annual Data
	Jun12	Dec12	Jun13	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
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Competitive Comparison of Africa Opportunity Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Africa Opportunity 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.

Africa Opportunity Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Africa Opportunity Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Africa Opportunity Fund's Effective Interest Rate on Debt % falls into.

Africa Opportunity Fund Effective Interest Rate on Debt % Calculation

Africa Opportunity Fund'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Africa Opportunity Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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.

Africa Opportunity Fund (LSE:AOF) Effective Interest Rate on Debt % Explanation

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

Africa Opportunity Fund Effective Interest Rate on Debt % Related Terms

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Africa Opportunity Fund (LSE:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Africa Opportunity Fund Ltd (LSE:AOF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Church Street, P.O. Box 309, George Town, Ugland House, Grand Cayman, CYM

Website

https://www.africaopportunityfund.com

Africa Opportunity Fund Ltd operates in United Kingdom's financial service sector and is a closed-end investment company formed with the objective of achieving capital growth and income through investments in value, arbitrage, and special situations opportunities derived from the continent of Africa. The Company is organized into one main operating segment, which invests in equity securities, debt instruments, and relative derivatives. All of the Company's activities are interrelated, and each activity is dependent on the others.

Africa Opportunity Fund (LSE:AOF) Headlines

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