GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Ltd (NYSE:ARGO) » Definitions » Effective Interest Rate on Debt %

Argo Group International Holdings (Argo Group International Holdings) Effective Interest Rate on Debt % : 7.57% (As of Sep. 2023)


View and export this data going back to 1987. Start your Free Trial

What is Argo Group International 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. Argo Group International Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $35 Mil. Argo Group International Holdings's average total debt for the quarter that ended in Sep. 2023 was $460 Mil. Therefore, Argo Group International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.57%.


Argo Group International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Argo Group International 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.

* Premium members only.

Argo Group International Holdings Effective Interest Rate on Debt % Chart

Argo Group International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.50 5.39 4.34 3.90 5.26

Argo Group International Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.23 6.57 7.33 7.11 7.57

Competitive Comparison of Argo Group International Holdings's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Argo Group International 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.


Argo Group International Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

* The bar in red indicates where Argo Group International Holdings's Effective Interest Rate on Debt % falls into.



Argo Group International Holdings Effective Interest Rate on Debt % Calculation

Argo Group International Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -26.8/( (553.2+465.5)/ 2 )
=-1  *  -26.8/509.35
=5.26 %

where

Argo Group International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -34.8/( (460.2+458.8)/ 2 )
=-1  *  -34.8/459.5
=7.57 %

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


Argo Group International Holdings  (NYSE:ARGO) Effective Interest Rate on Debt % Explanation

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


Argo Group International Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Argo Group International Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Argo Group International Holdings (Argo Group International Holdings) Business Description

Traded in Other Exchanges
Address
501 7th Avenue, 7th Floor, New York, NY, USA, 10018
Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.
Executives
Jessica E. Snyder officer: President, U.S. Insurance ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY RD., PEMBROKE D0 HM08
J Daniel Plants director ONE EMBARCADERO CENTER, SUITE 1140, SAN FRANCISCO CA 94111
Susan Comparato officer: Chief Administrative Officer ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Scott Kirk officer: Chief Financial Officer C/O ARGO GROUP INTERNATIONAL HOLDINGS,, LTD. 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Andrew Marshall Borst officer: Chief Administrative Officer 175 E. HOUSTON ST., SUITE 1300, SAN ANTONIO TX 78205
Allison Kiene officer: SVP, General Counsel C/OARGO GROUP INTERNATIONAL HOLDINGS,LTD, 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kevin James Rehnberg officer: President, U.S. Operations C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Thomas A Bradley director 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Timothy D Carter officer: Chief Underwriting Officer C/O ARGO GROUP 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Fred Robert Donner director GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Bernard C Bailey director
Samuel G Liss director VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Carol A. Mcfate director 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jay Stanley Bullock officer: Chief Financial Officer 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kathleen Nealon director P.O. BOX 1282, HAMILTON D0 HM08

Argo Group International Holdings (Argo Group International Holdings) Headlines