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CareTrust REIT (CareTrust REIT) Effective Interest Rate on Debt % : 5.55% (As of Dec. 2023)


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What is CareTrust REIT 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. CareTrust REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $33.1 Mil. CareTrust REIT's average total debt for the quarter that ended in Dec. 2023 was $595.5 Mil. Therefore, CareTrust REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.55%.


CareTrust REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for CareTrust REIT'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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CareTrust REIT Effective Interest Rate on Debt % Chart

CareTrust REIT 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 5.39 4.30 3.88 4.31 6.22

CareTrust REIT 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 5.15 5.42 5.50 6.39 5.55

Competitive Comparison of CareTrust REIT's Effective Interest Rate on Debt %

For the REIT - Healthcare Facilities subindustry, CareTrust REIT'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.


CareTrust REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CareTrust REIT's Effective Interest Rate on Debt % distribution charts can be found below:

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



CareTrust REIT Effective Interest Rate on Debt % Calculation

CareTrust REIT'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  *  -40.883/( (719.498+595.598)/ 2 )
=-1  *  -40.883/657.548
=6.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=594.498 + 125
=719.498

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=595.598 + 0
=595.598

CareTrust REIT'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  *  -33.064/( (595.323+595.598)/ 2 )
=-1  *  -33.064/595.4605
=5.55 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=595.323 + 0
=595.323

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=595.598 + 0
=595.598

* 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.


CareTrust REIT  (NYSE:CTRE) Effective Interest Rate on Debt % Explanation

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


CareTrust REIT Effective Interest Rate on Debt % Related Terms

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CareTrust REIT (CareTrust REIT) Business Description

Industry
Traded in Other Exchanges
Address
905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
Executives
James Callister officer: Executive Vice President 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Anne Olson director 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Careina D. Williams director 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Spencer G Plumb director 17140 BERNARDO CENTER DRIVE, SUITE 300, SAN DIEGO CA 92128
Diana Laing director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Mark D Lamb officer: Chief Investment Officer 905 CALLE AMANECER, SUITE 300, SAN CLEMENTE CA 92673
Gary B Sabin director 16955 VIA DEL CAMPO SUITE 110, SAN DIEGO CA 92127
Jon D Kline director 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
William M Wagner officer: See Remarks 903 CALLE AMANECER, SUITE 100, SAN CLEMENTE CA 92673
David M. Sedgwick officer: Vice President of Operations 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Gregory K. Stapley director, officer: President and CEO 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Allen Barbieri director
David G. Lindahl director 27101 PUERTA REAL, SUITE 400, MISSION VIEJO CA 92691
Christopher R. Christensen director 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ensign Group, Inc 10 percent owner 29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675