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Royce Global Value Trust (Royce Global Value Trust) Effective Interest Rate on Debt % : 104.25% (As of Dec. 2023)


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What is Royce Global Value Trust 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. Royce Global Value Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.2 Mil. Royce Global Value Trust's average total debt for the quarter that ended in Dec. 2023 was $4.0 Mil. Therefore, Royce Global Value Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 104.25%.


Royce Global Value Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Royce Global Value Trust'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.

* Premium members only.

Royce Global Value Trust Effective Interest Rate on Debt % Chart

Royce Global Value Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.33 1.63 0.77 2.90 55.13

Royce Global Value Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 1.10 1.65 4.20 5.95 104.25

Competitive Comparison of Royce Global Value Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Royce Global Value Trust'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.


Royce Global Value Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Royce Global Value Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Royce Global Value Trust's Effective Interest Rate on Debt % falls into.



Royce Global Value Trust Effective Interest Rate on Debt % Calculation

Royce Global Value Trust'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  *  -2.205/( (4+4)/ 2 )
=-1  *  -2.205/4
=55.13 %

where

Royce Global Value Trust'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  *  -4.17/( (4+4)/ 2 )
=-1  *  -4.17/4
=104.25 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Royce Global Value Trust  (NYSE:RGT) Effective Interest Rate on Debt % Explanation

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


Royce Global Value Trust Effective Interest Rate on Debt % Related Terms

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Royce Global Value Trust (Royce Global Value Trust) Business Description

Traded in Other Exchanges
N/A
Address
745 Fifth Avenue, New York, NY, USA, 10151
Royce Global Value Trust Inc is a diversified closed-end investment company. The fund spreads its investments across diversified sectors such as information technology, consumer discretionary, health care, materials, consumer staples, and energy. Geographically, it has a presence in the region of the United Kingdom, Japan, the United States, Canada, France, Hong Kong, and Germany.
Executives
Julia Ward Poston director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher C. Grisanti director 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
G Peter Obrien director C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Charles M Royce director, officer: President, other: President - Investment Adviser C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Cecile Burleigh Harper director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
John E Denneen officer: Secretary C/O ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Christopher D Clark officer: Vice President, other: President - Investment Advisor 745 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10151
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Michael K. Shields director C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Francis Gannon officer: Vice President C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Arthur S Mehlman director C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
Peter K Hoglund officer: Treasuer, other: CFO Investment Advisor 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Patricia Walsh Chadwick director 7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Fockler Jack E. Jr. officer: Vice President, other: VP - Investment Advisor C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151

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