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Newmark Group (Newmark Group) Effective Interest Rate on Debt % : 1.61% (As of Mar. 2024)


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What is Newmark Group 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. Newmark Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $29 Mil. Newmark Group's average total debt for the quarter that ended in Mar. 2024 was $1,794 Mil. Therefore, Newmark Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.61%.


Newmark Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Newmark Group'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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Newmark Group Effective Interest Rate on Debt % Chart

Newmark Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 2.47 2.42 1.51 1.62 1.38

Newmark Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.81 1.75 1.38 -0.65 1.61

Competitive Comparison of Newmark Group's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Newmark Group'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.


Newmark Group's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Newmark Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Newmark Group Effective Interest Rate on Debt % Calculation

Newmark Group'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  *  -21.737/( (1409.138+1751.019)/ 2 )
=-1  *  -21.737/1580.0785
=1.38 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=627.088 + 782.05
=1409.138

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1145.304 + 605.715
=1751.019

Newmark Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -28.88/( (1751.019+1836.546)/ 2 )
=-1  *  -28.88/1793.7825
=1.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1145.304 + 605.715
=1751.019

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1238.227 + 598.319
=1836.546

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Newmark Group  (NAS:NMRK) Effective Interest Rate on Debt % Explanation

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


Newmark Group Effective Interest Rate on Debt % Related Terms

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Newmark Group (Newmark Group) Business Description

Industry
Traded in Other Exchanges
Address
125 Park Avenue, New York, NY, USA, 10017
Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.
Executives
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Howard W Lutnick director, 10 percent owner, officer: Chairman
Stephen M Merkel officer: EVP, Chief Legal Officer C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Mcintyre Kenneth A Jr director C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652
Barry M Gosin officer: Chief Executive Officer C/O ESPEED, INC., 110 EAST 59TH STREET, NEW YORK NY 10022
Virginia S Bauer director C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10022
Cantor Fitzgerald, L. P. director, 10 percent owner 110 EAST 59TH STREET, NEW YORK NY 10022
Cf Group Management Inc director, 10 percent owner 135 EAST 57TH ST, NEW YORK NY 10022
Michael Snow director C/O GFI GROUP INC., 55 WATER STREET, NEW YORK NY 10041
Bgc Partners, Inc. director, 10 percent owner 499 PARK AVENUE, NEW YORK NY 10022
Peter F Cervinka director C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10022
Michael J. Rispoli officer: Chief Financial Officer C/O NNN 2003 VALUE FUND, LLC, 1551 N. TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
John H Dalton director 50 OLD WEBSTER ROAD, OXFORD MA 01540
James R Ficarro director, officer: Chief Operating Officer C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10017