GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Energy Infrastructure Fund (NYSE:FIF) » Definitions » Effective Interest Rate on Debt %

First Trust Energy Infrastructure Fund (First Trust Energy Infrastructure Fund) Effective Interest Rate on Debt % : 6.45% (As of Nov. 2023)


View and export this data going back to 2011. Start your Free Trial

What is First Trust Energy Infrastructure Fund 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. First Trust Energy Infrastructure Fund's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $4.53 Mil. First Trust Energy Infrastructure Fund's average total debt for the quarter that ended in Nov. 2023 was $70.30 Mil. Therefore, First Trust Energy Infrastructure Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.45%.


First Trust Energy Infrastructure Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for First Trust Energy Infrastructure Fund'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.

First Trust Energy Infrastructure Fund Effective Interest Rate on Debt % Chart

First Trust Energy Infrastructure Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.15 1.50 1.02 2.35 6.03

First Trust Energy Infrastructure Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 0.97 1.19 3.43 5.60 6.45

Competitive Comparison of First Trust Energy Infrastructure Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, First Trust Energy Infrastructure Fund'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.


First Trust Energy Infrastructure Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where First Trust Energy Infrastructure Fund's Effective Interest Rate on Debt % falls into.



First Trust Energy Infrastructure Fund Effective Interest Rate on Debt % Calculation

First Trust Energy Infrastructure Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -4.237/( (70.3+70.3)/ 2 )
=-1  *  -4.237/70.3
=6.03 %

where

First Trust Energy Infrastructure Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -4.534/( (70.3+70.3)/ 2 )
=-1  *  -4.534/70.3
=6.45 %

where

* 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 two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Trust Energy Infrastructure Fund  (NYSE:FIF) Effective Interest Rate on Debt % Explanation

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


First Trust Energy Infrastructure Fund Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of First Trust Energy Infrastructure Fund's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


First Trust Energy Infrastructure Fund (First Trust Energy Infrastructure Fund) Business Description

Traded in Other Exchanges
N/A
Address
120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust Energy Infrastructure Fund is a closed-end management investment company. The fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. It seeks to invest in stocks of companies operating in the energy infrastructure sector, including pipeline companies, utilities, and other companies that derive maximum of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries. Geographically, all the operations function through the United States of America.
Executives
Bronwyn Wright director FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise director C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske other: Officer-Investment Advisor FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James Murchie other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
John K Tysseland other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVE., WESTPORT CT 06880
Nandita Hogan other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Shane Shannon officer: Assistant Secretary FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Lisa Iantorno other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Katherine L Urevig officer: Assistant Treasurer C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade officer: Assistant Treasurer C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
W Scott Jardine officer: Secretary, other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen director, officer: President, other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Eva Pao other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Andy Roggensack other: Officer - Investment Advisor C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187

First Trust Energy Infrastructure Fund (First Trust Energy Infrastructure Fund) Headlines