Brookfield Asset Management (Brookfield Asset Management) Effective Interest Rate on Debt % : -14.38% (As of Dec. 2023)

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What is Brookfield Asset Management 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. Brookfield Asset Management's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-32.0 Mil. Brookfield Asset Management's average total debt for the quarter that ended in Dec. 2023 was $222.5 Mil. Therefore, Brookfield Asset Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -14.38%.

Brookfield Asset Management Effective Interest Rate on Debt % Historical Data

The historical data trend for Brookfield Asset Management'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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Brookfield Asset Management Effective Interest Rate on Debt % Chart

Brookfield Asset Management Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

82.86

1.29

54.83

Brookfield Asset Management Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-52.48	457.14	30.92	11.02	-14.38

Competitive Comparison of Brookfield Asset Management's Effective Interest Rate on Debt %

For the Asset Management subindustry, Brookfield Asset Management'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.

Brookfield Asset Management's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Brookfield Asset Management's Effective Interest Rate on Debt % falls into.

Brookfield Asset Management Effective Interest Rate on Debt % Calculation

Brookfield Asset Management'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 * -71	/	( (3	+	256)	/ 2 )
=	-1 * -71	/	129.5
=	54.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3
=	3

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	256
=	256

Brookfield Asset Management'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 * 32	/	( (189	+	256)	/ 2 )
=	-1 * 32	/	222.5
=	-14.38 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	189
=	189

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	256
=	256

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.

Brookfield Asset Management (NYSE:BAM) Effective Interest Rate on Debt % Explanation

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

Brookfield Asset Management Effective Interest Rate on Debt % Related Terms

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Brookfield Asset Management (Brookfield Asset Management) Business Description

Industry

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Traded in Other Exchanges

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Address

181 Bay Street, Suite 100, Brookfield Place, Toronto, ON, CAN, M5H 2T3

Website

https://www.brookfield.com

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a leading global alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.