BNY Mellon Strategic Municipals, (BNY Mellon Strategic Municipals,) Effective Interest Rate on Debt %

: 5.21% (As of Sep. 2023)

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

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. BNY Mellon Strategic Municipals,'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $7.52 Mil. BNY Mellon Strategic Municipals,'s average total debt for the quarter that ended in Sep. 2023 was $144.36 Mil. Therefore, BNY Mellon Strategic Municipals,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.21%.

BNY Mellon Strategic Municipals, Effective Interest Rate on Debt % Historical Data

The historical data trend for BNY Mellon Strategic Municipals,'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.

BNY Mellon Strategic Municipals, Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

2.00

1.63

0.68

1.25

3.99

BNY Mellon Strategic Municipals, Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %									0.66	0.70	1.83	3.16	5.21

Competitive Comparison

For the Asset Management subindustry, BNY Mellon Strategic Municipals,'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.

BNY Mellon Strategic Municipals, Effective Interest Rate on Debt % Distribution

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

* The bar in red indicates where BNY Mellon Strategic Municipals,'s Effective Interest Rate on Debt % falls into.

BNY Mellon Strategic Municipals, Effective Interest Rate on Debt % Calculation

BNY Mellon Strategic Municipals,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -6.306	/	( (174.781	+	141.488)	/ 2 )
=	-1 * -6.306	/	158.1345
=	3.99 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174.781	+	0
=	174.781

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141.488	+	0
=	141.488

BNY Mellon Strategic Municipals,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -7.524	/	( (147.223	+	141.488)	/ 2 )
=	-1 * -7.524	/	144.3555
=	5.21 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	147.223	+	0
=	147.223

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141.488	+	0
=	141.488

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

BNY Mellon Strategic Municipals, (NYSE:LEO) Effective Interest Rate on Debt % Explanation

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

BNY Mellon Strategic Municipals, Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of BNY Mellon Strategic Municipals,'s Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

BNY Mellon Strategic Municipals, (BNY Mellon Strategic Municipals,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products are Equity and Fixed Income Mutual Funds, Retail Money Market Funds, Government/Treasury Money Market Funds, Institutional Money Market Funds, and others.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Insight North America Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166-0005
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John P Shea	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
David Dipetrillo	officer: Vice President	C/O THE DREYFUS CORPORATION, 240 GREENWICH STREET, NEW YORK NY 10286
Mark D Woods	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286

BNY Mellon Strategic Municipals, (BNY Mellon Strategic Municipals,) Headlines

From GuruFocus

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

By Business Wire Business Wire • 09-29-2021

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

By Business Wire Business Wire • 01-29-2021

UBS Group AG's Recent Transaction in BNY Mellon Strategic Municipals, Inc.

By GuruFocus Research • 07-14-2023

BNY Mellon Strategic Muncipals, Inc. (NYSE: LEO) Declares Distribution and Announces Reduction in Monthly Distribution Amount

By Business Wire Business Wire • 11-01-2021

Chuck E Cheese and Market IPOs

By Thomas Macpherson Thomas Macpherson • 07-14-2019