New England Realty Associates LP (New England Realty Associates LP) Effective Interest Rate on Debt % : 3.86% (As of Dec. 2023)

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What is New England Realty Associates LP 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. New England Realty Associates LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15.77 Mil. New England Realty Associates LP's average total debt for the quarter that ended in Dec. 2023 was $408.96 Mil. Therefore, New England Realty Associates LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.86%.

New England Realty Associates LP Effective Interest Rate on Debt % Historical Data

The historical data trend for New England Realty Associates LP'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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New England Realty Associates LP Effective Interest Rate on Debt % Chart

New England Realty Associates LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.40

4.57

4.06

3.85

3.84

New England Realty Associates LP 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															3.88	3.80	3.83	3.86	3.86

Competitive Comparison of New England Realty Associates LP's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, New England Realty Associates LP'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.

New England Realty Associates LP's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where New England Realty Associates LP's Effective Interest Rate on Debt % falls into.

New England Realty Associates LP Effective Interest Rate on Debt % Calculation

New England Realty Associates LP'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 * -15.724	/	( (410.966	+	408.66)	/ 2 )
=	-1 * -15.724	/	409.813
=	3.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	410.966	+	0
=	410.966

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	408.66	+	0
=	408.66

New England Realty Associates LP'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 * -15.768	/	( (409.253	+	408.66)	/ 2 )
=	-1 * -15.768	/	408.9565
=	3.86 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	409.253	+	0
=	409.253

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	408.66	+	0
=	408.66

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.

New England Realty Associates LP (AMEX:NEN) Effective Interest Rate on Debt % Explanation

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

New England Realty Associates LP Effective Interest Rate on Debt % Related Terms

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New England Realty Associates LP (New England Realty Associates LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New England Realty Associates LP (AMEX:NEN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Brighton Avenue, Allston, MA, USA, 02134

Website

https://www.thehamiltoncompany.com

New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.

Executives

Jameson Pruitt Brown	director, officer: Treasurer	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02360
Ronald Brown	officer: President	NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02134
Carl Anthony Valeri	other: 5% Owner, Asset Manager	50 UDINE STREET, ARLINGTON MA 02476
Harold Brown	director, 10 percent owner, officer: Treas. & Dir. of Gen. Ptnr NEN	39 BRIGHTON AVE, ALLSTON MA 02134
1999 Revocable Trust	10 percent owner	C/O NEW ENGLAND REALTY ASSOCIATES LP, 39 BRIGHTON AVENUE, ALLSTON MA 02025
Nera 1994 Irrevocable Trust	10 percent owner, officer: Treasurer	C/O LANE AITMAN & OWENS, 101 FEDERAL STREET, BOSTON MA 02110
David R Jarvis	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Real Estate Securities Offshore Fund, Ltd.	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Silvercreek Sav Llc	10 percent owner	C/O MERCURY REAL ESTATE ADVISORS LLC, 100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Special Situations Offshore Fund Ltd	10 percent owner	P O BOX 3460 RD TOWN, TORTOLA BVI E9 00000
Maclean Malcolm F Iv	10 percent owner	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Mercury Real Estate Securities Fund Lp	10 percent owner	100 FIELD POINT ROAD, GREENWICH CT 06830
Mercury Mayfair Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830
Mercury Special Situations Fund L P	10 percent owner	100 FIELD POINT RD, GREENWICH CT 06830
Mercury Securities Ii Llc	10 percent owner	100 FIELD POINT ROAD, FIRST FLOOR, GREENWICH CT 06830