CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Effective Interest Rate on Debt % : 8.81% (As of Jun. 2021)

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What is CBL & Associates Properties (Old) 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. CBL & Associates Properties (Old)'s annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $89.20 Mil. CBL & Associates Properties (Old)'s average total debt for the quarter that ended in Jun. 2021 was $1,012.28 Mil. Therefore, CBL & Associates Properties (Old)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 8.81%.

CBL & Associates Properties (Old) Effective Interest Rate on Debt % Historical Data

The historical data trend for CBL & Associates Properties (Old)'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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CBL & Associates Properties (Old) Effective Interest Rate on Debt % Chart

CBL & Associates Properties (Old) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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4.71

5.03

5.27

5.38

8.25

CBL & Associates Properties (Old) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.57	6.52	5.45	8.69	8.81

Competitive Comparison of CBL & Associates Properties (Old)'s Effective Interest Rate on Debt %

For the REIT - Retail subindustry, CBL & Associates Properties (Old)'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.

CBL & Associates Properties (Old)'s Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CBL & Associates Properties (Old)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CBL & Associates Properties (Old)'s Effective Interest Rate on Debt % falls into.

CBL & Associates Properties (Old) Effective Interest Rate on Debt % Calculation

CBL & Associates Properties (Old)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -194.267	/	( (3527.015	+	1184.831)	/ 2 )
=	-1 * -194.267	/	2355.923
=	8.25 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3527.015	+	0
=	3527.015

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1184.831	+	0
=	1184.831

CBL & Associates Properties (Old)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * -89.196	/	( (1036.97	+	987.592)	/ 2 )
=	-1 * -89.196	/	1012.281
=	8.81 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1036.97	+	0
=	1036.97

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	987.592	+	0
=	987.592

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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CBL & Associates Properties (Old) (OTCPK:CBLDQ.PFD) Effective Interest Rate on Debt % Explanation

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

CBL & Associates Properties (Old) Effective Interest Rate on Debt % Related Terms

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CBL & Associates Properties (Old) (CBL & Associates Properties (Old)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CBL & Associates Properties Inc (Old) (OTCPK:CBLDQ.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Hamilton Place Boulevard, CBL Center, Suite 500, Chattanooga, TN, USA, 37421

Website

https://www.cblproperties.com

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in managing, acquiring, and leasing residential and commercial properties. Its portfolio of properties spans 24 states, mostly in the Southeastern and Midwestern regions of the United States. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.