Gabelli Multimedia Trust (Gabelli Multimedia Trust) Effective Interest Rate on Debt % : 2.86% (As of Dec. 2023)

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What is Gabelli Multimedia Trust 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. Gabelli Multimedia Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Gabelli Multimedia Trust's average total debt for the quarter that ended in Dec. 2023 was $0.07 Mil. Therefore, Gabelli Multimedia Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.86%.

Gabelli Multimedia Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Gabelli Multimedia Trust'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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Gabelli Multimedia Trust Effective Interest Rate on Debt % Chart

Gabelli Multimedia Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.43

Gabelli Multimedia Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	-	-	-	2.86

Competitive Comparison of Gabelli Multimedia Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Gabelli Multimedia Trust'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.

Gabelli Multimedia Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

Gabelli Multimedia Trust Effective Interest Rate on Debt % Calculation

Gabelli Multimedia Trust'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 * -0.001	/	( (0	+	0.07)	/ 1 )
=	-1 * -0.001	/	0.07
=	1.43 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	0
=	0.07

Gabelli Multimedia Trust'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.002	/	( (0	+	0.07)	/ 1 )
=	-1 * -0.002	/	0.07
=	2.86 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	0
=	0.07

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

Gabelli Multimedia Trust (NYSE:GGT) Effective Interest Rate on Debt % Explanation

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

Gabelli Multimedia Trust Effective Interest Rate on Debt % Related Terms

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Gabelli Multimedia Trust (Gabelli Multimedia Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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GGTpG.PFD:USA GGTpE.PFD:USA

Address

One Corporate Center, Rye, New York, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital. The fund invests at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing, and entertainment industries.

Executives

Mario J Gabelli	director	191 MASON STREET, GREENWICH CT 06830
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	other: Subsidiary	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Christopher J. Marangi	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019