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Fidus Investment (Fidus Investment) Effective Interest Rate on Debt % : 4.77% (As of Dec. 2023)


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What is Fidus Investment 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. Fidus Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $21.74 Mil. Fidus Investment's average total debt for the quarter that ended in Dec. 2023 was $455.72 Mil. Therefore, Fidus Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.77%.


Fidus Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Fidus Investment'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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Fidus Investment Effective Interest Rate on Debt % Chart

Fidus Investment 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 4.86 4.36 4.19 4.27 4.70

Fidus Investment 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 4.41 4.41 4.47 4.76 4.77

Competitive Comparison of Fidus Investment's Effective Interest Rate on Debt %

For the Asset Management subindustry, Fidus Investment'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.


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

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

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



Fidus Investment Effective Interest Rate on Debt % Calculation

Fidus Investment'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  *  -20.603/( (410.104+466.513)/ 2 )
=-1  *  -20.603/438.3085
=4.70 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=410.104 + 0
=410.104

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=466.513 + 0
=466.513

Fidus Investment'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  *  -21.74/( (444.935+466.513)/ 2 )
=-1  *  -21.74/455.724
=4.77 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=444.935 + 0
=444.935

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=466.513 + 0
=466.513

* 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.


Fidus Investment  (NAS:FDUS) Effective Interest Rate on Debt % Explanation

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


Fidus Investment Effective Interest Rate on Debt % Related Terms

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Fidus Investment (Fidus Investment) Business Description

Traded in Other Exchanges
Address
1603 Orrington Avenue, Suite 1005, Evanston, IL, USA, 60201
Fidus Investment Corp is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The company invests in companies that possess some or all of the following attributes: predictable revenues; positive cash flows; defensible market positions; diversified customer and supplier bases; and management teams with operating discipline.
Executives
Charles D Hyman director 224 PONTE VEDRA PARK DRIVE, SUITE 200, PONTE VEDRA BEACH FL 32082
Edward H Ross director, officer: See Remarks
Shelby E Sherard officer: See Remarks 2215 SANDERS ROAD, SUITE 400, NORTHBROOK IL 60062
Edward X. Tune director C/O FIDUS INVESTMENT CORPORATION, 1603 ORRINGTON AVENUE, SUITE 1005, EVANSTON IL 60201
Anstiss Raymond L. Jr. director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Thomas Charles Lauer director, officer: President 1919 PENNSYLVANIA AVENUE, NW, SUITE 300, WASHINGTON DC 20006
Cary L Schaefer officer: See Remarks 1603 ORRINGTON AVE, STE 820, EVANSTON IL 60201
John A. Mazzarino director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Pinebridge Secondary Partners Ii Holdings, L.p. 10 percent owner 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Pinebridge Secondary Partners Ii Gp, L.p. 10 percent owner 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Charles G Phillips director
Wayne F Robinson director 1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201