GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Corporate High Yield Fund Inc (NYSE:HYT) » Definitions » Effective Interest Rate on Debt %

BlackRockorate High Yield Fund (BlackRockorate High Yield Fund) Effective Interest Rate on Debt % : 6.29% (As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is BlackRockorate High Yield 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. BlackRockorate High Yield Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $36.1 Mil. BlackRockorate High Yield Fund's average total debt for the quarter that ended in Dec. 2023 was $573.5 Mil. Therefore, BlackRockorate High Yield Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.29%.


BlackRockorate High Yield Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackRockorate High Yield 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.

BlackRockorate High Yield Fund Effective Interest Rate on Debt % Chart

BlackRockorate High Yield Fund Annual Data
Trend Aug17 Aug18 Aug19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.18 1.30 0.89 2.15 5.80

BlackRockorate High Yield Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.93 1.26 3.53 5.40 6.29

Competitive Comparison of BlackRockorate High Yield Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, BlackRockorate High Yield 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.


BlackRockorate High Yield Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRockorate High Yield Fund's Effective Interest Rate on Debt % falls into.



BlackRockorate High Yield Fund Effective Interest Rate on Debt % Calculation

BlackRockorate High Yield Fund'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  *  -32.62/( (529+596.027)/ 2 )
=-1  *  -32.62/562.5135
=5.80 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=596.027 + 0
=596.027

BlackRockorate High Yield Fund'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  *  -36.066/( (551+596.027)/ 2 )
=-1  *  -36.066/573.5135
=6.29 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=596.027 + 0
=596.027

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


BlackRockorate High Yield Fund  (NYSE:HYT) Effective Interest Rate on Debt % Explanation

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


BlackRockorate High Yield Fund Effective Interest Rate on Debt % Related Terms

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


BlackRockorate High Yield Fund (BlackRockorate High Yield Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock Corporate High Yield Fund Inc is a diversified, closed-end management investment company. Its investment objective is to provide shareholders with current income and capital appreciation. The trust's secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed-income securities.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
David Delbos other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
W Carl Kester director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Robert Glenn Hubbard director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Frank Fabozzi director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Richard Cavanagh director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
James Keenan other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Mitchell Garfin other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Blackrock Internationl, Ltd. other: Investment Adviser 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536