Rithm Capital (LTS:0K76) Effective Interest Rate on Debt % : 6.16% (As of Mar. 2024)

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What is Rithm 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. Rithm Capital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,657 Mil. Rithm Capital's average total debt for the quarter that ended in Mar. 2024 was $26,896 Mil. Therefore, Rithm Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.16%.

Rithm Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Rithm 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.

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Rithm Capital Effective Interest Rate on Debt % Chart

Rithm Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.46

7.32

2.61

3.05

6.16

Rithm Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.60	5.74	6.38	6.63	6.16

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

For the REIT - Mortgage subindustry, Rithm 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.

Rithm Capital's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rithm Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Rithm Capital Effective Interest Rate on Debt % Calculation

Rithm Capital'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 * -1421.254	/	( (22002.96	+	24118.709)	/ 2 )
=	-1 * -1421.254	/	23060.8345
=	6.16 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22002.96	+	0
=	22002.96

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24118.709	+	0
=	24118.709

Rithm Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1657.46	/	( (24118.709	+	29673.325)	/ 2 )
=	-1 * -1657.46	/	26896.017
=	6.16 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24118.709	+	0
=	24118.709

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29673.325	+	0
=	29673.325

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Rithm Capital (LTS:0K76) Effective Interest Rate on Debt % Explanation

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

Rithm Capital Effective Interest Rate on Debt % Related Terms

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Rithm Capital (LTS:0K76) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rithm Capital Corp (LTS:0K76) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

799 Broadway, New York, NY, USA, 10003

Website

https://www.rithmcap.com

Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) and loans (including single family rental), and consumer loans.

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