NMI Holdings (NMI Holdings) Effective Interest Rate on Debt %

: 8.12% (As of Dec. 2023)

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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. NMI Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $32.3 Mil. NMI Holdings's average total debt for the quarter that ended in Dec. 2023 was $397.4 Mil. Therefore, NMI Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.12%.

NMI Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for NMI Holdings'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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NMI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

8.26

9.05

8.07

8.14

8.12

NMI Holdings 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 %																8.12	8.12	8.12	8.12	8.12

Competitive Comparison

For the Insurance - Specialty subindustry, NMI Holdings'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.

NMI Holdings Effective Interest Rate on Debt % Distribution

For the Insurance industry and Financial Services sector, NMI Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

NMI Holdings Effective Interest Rate on Debt % Calculation

NMI Holdings'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 * -32.212	/	( (396.051	+	397.595)	/ 2 )
=	-1 * -32.212	/	396.823
=	8.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	396.051	+	0
=	396.051

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	397.595	+	0
=	397.595

NMI Holdings'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 * -32.264	/	( (397.198	+	397.595)	/ 2 )
=	-1 * -32.264	/	397.3965
=	8.12 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	397.198	+	0
=	397.198

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	397.595	+	0
=	397.595

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.

NMI Holdings (NAS:NMIH) Effective Interest Rate on Debt % Explanation

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

NMI Holdings Effective Interest Rate on Debt % Related Terms

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NMI Holdings (NMI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NMI Holdings Inc (NAS:NMIH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2100 Powell Street, Emeryville, CA, USA, 94608

Website

https://www.nationalmi.com

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

Executives

Bradley M Shuster	director, officer: President and CEO	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
James G Jones	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Robert Owen Smith	officer: EVP, Chief Risk Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
John C Erickson	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Michael Curry Montgomery	director	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Mohammad Nawaz Yousaf	officer: EVP, Operations & Info. Tech.	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Nicholas Daniel Realmuto	officer: VP, Controller	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Patrick L Mathis	officer: EVP, Chief Risk Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Norman Peter Fitzgerald	officer: EVP, Chief Sales Officer	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Ravi Mallela	officer: Chief Financial Officer	C/O NMI HOLDINGS, INC. (NATIONAL MI), 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Julie Norberg	officer: Vice President, Controller	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
William J Leatherberry	officer: EVP, General Counsel	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Claudia J Merkle	officer: EVP, Chief Insurance Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Priya Cherian Huskins	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Adam Pollitzer	officer: EVP, Chief Financial Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608