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Pioneer Floating Rate Trust Effective Interest Rate on Debt %

: 2.24% (As of May. 2020)
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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. Pioneer Floating Rate Trust's annualized positive value of Interest Expense for the quarter that ended in May. 2020 was $2.72 Mil. Pioneer Floating Rate Trust's average total debt for the quarter that ended in May. 2020 was $121.45 Mil. Therefore, Pioneer Floating Rate Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 was 2.24%.


Pioneer Floating Rate Trust Effective Interest Rate on Debt % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Floating Rate Trust Annual Data
Nov17 Nov18 Nov19
Effective Interest Rate on Debt % 2.05 2.88 3.36

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
Effective Interest Rate on Debt % Premium Member Only 2.64 3.13 3.47 3.29 2.24

Competitive Comparison
* 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.


Pioneer Floating Rate Trust Effective Interest Rate on Debt % Distribution

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



Pioneer Floating Rate Trust Effective Interest Rate on Debt % Calculation

Pioneer Floating Rate Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2018 )+Total Debt  (A: Nov. 2019 ))/ count )
=-1  *  -4.749/( (143.45+139.45)/ 2 )
=-1  *  -4.749/141.45
=3.36 %

where

Total Debt  (A: Nov. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=143.45 + 0
=143.45

Total Debt  (A: Nov. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=139.45 + 0
=139.45

Pioneer Floating Rate Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2019 )+Total Debt  (Q: May. 2020 ))/ count )
=-1  *  -2.72/( (139.45+103.45)/ 2 )
=-1  *  -2.72/121.45
=2.24 %

where

Total Debt  (Q: Nov. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=139.45 + 0
=139.45

Total Debt  (Q: May. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=103.45 + 0
=103.45

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 two times the semi-annual (May. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Pioneer Floating Rate Trust  (NYSE:PHD) Effective Interest Rate on Debt % Explanation

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


Pioneer Floating Rate Trust Effective Interest Rate on Debt % Related Terms


Pioneer Floating Rate Trust Effective Interest Rate on Debt % Headlines

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