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Cohen (COHN) Effective Interest Rate on Debt % : 4.09% (As of Dec. 2023)


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What is Cohen 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. Cohen's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.48 Mil. Cohen's average total debt for the quarter that ended in Dec. 2023 was $158.52 Mil. Therefore, Cohen's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.09%.


Cohen Effective Interest Rate on Debt % Historical Data

The historical data trend for Cohen'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.

Cohen Effective Interest Rate on Debt % Chart

Cohen Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.14 0.16 0.25 1.69

Cohen Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 1.09 1.12 1.70 4.09

Competitive Comparison of Cohen's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Cohen'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.


Cohen's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cohen's Effective Interest Rate on Debt % distribution charts can be found below:

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



Cohen Effective Interest Rate on Debt % Calculation

Cohen'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  *  -6.526/( (624.015+149.017)/ 2 )
=-1  *  -6.526/386.516
=1.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.218 + 452.797
=624.015

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.017 + 0
=149.017

Cohen'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  *  -6.476/( (168.024+149.017)/ 2 )
=-1  *  -6.476/158.5205
=4.09 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=168.024 + 0
=168.024

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.017 + 0
=149.017

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


Cohen  (AMEX:COHN) Effective Interest Rate on Debt % Explanation

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


Cohen Effective Interest Rate on Debt % Related Terms

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Cohen (COHN) Business Description

Traded in Other Exchanges
N/A
Address
2929 Arch Street, Cira Centre, Suite 1703, Philadelphia, PA, USA, 19104-2870
Cohen & Co Inc is a United states company that delivers financial services in fixed income markets. It is focused on small-cap banking institutions and has grown to provide an expanding range of capital markets and asset management services. It has three business segments. The Capital Markets segment, which is the key revenue driver, consists of fixed income sales, trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services. The Asset Management segment manages assets within collateralized debt obligations, managed accounts, joint ventures, and investment funds. The Principal Investing segment is comprised of investments to earn return rather than to support trading, matched book repo, or other Capital Markets segment activities.
Executives
G Steven Dawson director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Douglas Listman officer: Chief Accounting Officer 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Daniel G Cohen director, 10 percent owner, officer: Vice Chairman and CE Europe 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Lester Raymond Brafman officer: Chief Executive Officer C/O INSTITUTIONAL FINANCIAL MARKETS, INC, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104
Pooler Joseph W. Jr. officer: EVP, CFO and Treasurer 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Christopher Ricciardi director, other: Former10% Owner 51 SHELLBARK LANE, BRIARCLIFF MANOR NY 10510
Stephanie Ricciardi other: Former 10% Owner C/O MR. RICCIARDI COHEN & COMPANY INC., 135 EAST 57TH STREET, 21ST FLOOR, NEW YORK NY 10022
Neil S Subin director 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Thomas Costello director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
James Mcentee director CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Diana Louise Liberto director C/O INSTITUTIONAL FINANCIAL MARKETS, INC, CIRA CENTER, 2929 ARCH STREET, 17TH FL., PHILADELPHIA PA 19103
Jack Dimaio director C/O DIMAIO AHMAD CAPITAL LLC, 245 PARK AVENUE, NEW YORK NY 10167
Mead Park Capital Partners Llc 10 percent owner 126 EAST 56TH STREET, NEW YORK NY 10022
Edward E Cohen 10 percent owner RESOURCE AMERICA INC, 1845 WALNUT ST, PHILADELPHIA PA 19103
Ebc 2013 Family Trust 10 percent owner 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104