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KKR (KKR) Effective Interest Rate on Debt % : 6.63% (As of Dec. 2023)


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What is KKR 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. KKR's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3,201 Mil. KKR's average total debt for the quarter that ended in Dec. 2023 was $48,291 Mil. Therefore, KKR's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.63%.


KKR Effective Interest Rate on Debt % Historical Data

The historical data trend for KKR'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.

KKR Effective Interest Rate on Debt % Chart

KKR 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 4.22 3.19 3.09 3.92 6.30

KKR 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 5.41 5.50 6.47 6.43 6.63

Competitive Comparison of KKR's Effective Interest Rate on Debt %

For the Asset Management subindustry, KKR'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.


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

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

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



KKR Effective Interest Rate on Debt % Calculation

KKR'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  *  -2945.971/( (44074.997+49387.579)/ 2 )
=-1  *  -2945.971/46731.288
=6.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43674.997 + 400
=44074.997

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49187.579 + 200
=49387.579

KKR'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  *  -3201.464/( (47194.319+49387.579)/ 2 )
=-1  *  -3201.464/48290.949
=6.63 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=46874.037 + 320.282
=47194.319

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49187.579 + 200
=49387.579

* 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.


KKR  (NYSE:KKR) Effective Interest Rate on Debt % Explanation

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


KKR Effective Interest Rate on Debt % Related Terms

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KKR (KKR) Business Description

Industry
Traded in Other Exchanges
Address
30 Hudson Yards, New York, NY, USA, 10001
KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.
Executives
Kimberly A. Ross director C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
David Sorkin officer: General Counsel and Secretary C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10019
Kathryn King Sudol officer: General Counsel and Secretary C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
Matt Cohler director 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Raymond J Mcguire director 5 GIRALDA FARMS, MADISON NJ 07940
Ryan Stork officer: Chief Operating Officer 30 HUDSON YARDS, NEW YORK NY 10001
Henry R Kravis director, 10 percent owner, officer: Co-Chairman and Co-CEO C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts director, 10 percent owner, officer: Co-Chairman and Co-CEO C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Evan Spiegel director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Adriane M Brown director 3150 139TH AVENUE S.E., BELLEVUE WA 98040
Arturo Gutierrez director C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
Dane E Holmes director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Robert W Scully director C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
John B Hess director C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert H Lewin officer: Chief Financial Officer C/O KKR & CO. INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019