Aspen Insurance Holdings (Aspen Insurance Holdings) Effective Interest Rate on Debt % : 16.44% (As of Dec. 2023)

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What is Aspen Insurance Holdings 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. Aspen Insurance Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $56.40 Mil. Aspen Insurance Holdings's average total debt for the quarter that ended in Dec. 2023 was $343.00 Mil. Therefore, Aspen Insurance Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.44%.

Aspen Insurance Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Aspen Insurance Holdings'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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Aspen Insurance Holdings Effective Interest Rate on Debt % Chart

Aspen Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.82

8.28

3.48

10.78

14.13

Aspen Insurance Holdings Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.34	20.33	-	-2.08	16.44

Competitive Comparison of Aspen Insurance Holdings's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Aspen Insurance Holdings'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.

Aspen Insurance Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aspen Insurance Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aspen Insurance Holdings's Effective Interest Rate on Debt % falls into.

Aspen Insurance Holdings Effective Interest Rate on Debt % Calculation

Aspen Insurance Holdings'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 * -55.2	/	( (395.4	+	386.1)	/ 2 )
=	-1 * -55.2	/	390.75
=	14.13 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.5	+	299.9
=	395.4

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	386.1	+	0
=	386.1

Aspen Insurance Holdings'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -56.4	/	( (299.9	+	386.1)	/ 2 )
=	-1 * -56.4	/	343
=	16.44 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	299.9
=	299.9

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	386.1	+	0
=	386.1

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

Aspen Insurance Holdings (NYSE:AHLPRACL.PFD) Effective Interest Rate on Debt % Explanation

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

Aspen Insurance Holdings Effective Interest Rate on Debt % Related Terms

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Aspen Insurance Holdings (Aspen Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aspen Insurance Holdings Ltd (NYSE:AHLPRACL.PFD) » Definitions » Effective Interest Rate on Debt %

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AHLpE.PFD:USA AHLpD.PFD:USA AHLpC.PFD:USA

Address

141 Front Street, Hamilton, BMU, HM19

Website

https://www.aspen.co

Aspen Insurance Holdings Ltd is a Bermudian insurance and reinsurance company. The company operates through subsidiaries that include Aspen Insurance UK, Aspen Underwriting, Aspen Bermuda, Aspen Specialty Insurance, and Aspen American Insurance Corporation. The company also has branches in Australia, Canada, Singapore, and Switzerland. The company's business is divided into two segments: Aspen Insurance and Aspen Reinsurance. Aspen Insurance consists of property and casualty insurance, marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Reinsurance comprises property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty reinsurance.