What is PHH 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. PHH's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $60.0 Mil. PHH's average total debt for the quarter that ended in Jun. 2018 was $145.5 Mil. Therefore, PHH's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 41.24%.
PHH Effective Interest Rate on Debt % Historical Data
The historical data trend for PHH'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.
PHH Effective Interest Rate on Debt % Chart
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PHH Annual Data
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Trend |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
| Effective Interest Rate on Debt % |
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4.26 |
6.61 |
5.60 |
7.26 |
18.18 |
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PHH Quarterly Data
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Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
Dec15 |
Mar16 |
Jun16 |
Sep16 |
Dec16 |
Mar17 |
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
| Effective Interest Rate on Debt % |
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4.41 |
8.32 |
19.09 |
46.42 |
41.24 |
Competitive Comparison of PHH's Effective Interest Rate on Debt %
For the Mortgage Finance subindustry, PHH'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.
PHH's Effective Interest Rate on Debt % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, PHH's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where PHH's Effective Interest Rate on Debt % falls into.
PHH Effective Interest Rate on Debt % Calculation
PHH's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2016 ) | + | Total Debt (A: Dec. 2017 )) | / count ) |
| = | -1 * -73 | / | ( (656 | + | 147) | / 2 ) |
| = | -1 * -73 | / | 401.5 |
| = | 18.18 % |
where
PHH's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Mar. 2018 ) | + | Total Debt (Q: Jun. 2018 )) | / count ) |
| = | -1 * -60 | / | ( (146 | + | 145) | / 2 ) |
| = | -1 * -60 | / | 145.5 |
| = | 41.24 % |
where
* 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 (Jun. 2018) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
PHH (PHH) Business Description
Traded in Other Exchanges
N/A
Address
PHH Corp originates and services residential mortgage loans in the United States. It operates in two segments namely Mortgage Production and Mortgage Servicing. The company generates revenue in three ways: through fees on mortgage loan initiation; by selling on the secondary market loans that it initiated; and by servicing loans. The company outsources its services to clients that include financial institutions and real estate brokers. It also generally retains the servicing rights on loans it has sold and acts as a subservicer on behalf of other clients that own serving rights. Servicing typically generates the most revenue for the company, but each of the three sources of income are substantial.
Executives
| James C Neuhauser |
director |
100 NORTH 17TH STREET, ARLINGTON VA 22209 |
| Alberino J Celini |
officer: Senior VP, Risk and Compliance |
226 LANDIS AVENUE, VINELAND NJ 08360 |
| James O Egan |
director |
280 PARK AVE 37TH FLR WEST TOWER NEW YORK NY 10017 |
| Charles P Pizzi |
director |
C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112 |
| Carroll R Wetzel |
director |
C/O ARCH WIRELESS INC, 1800 WEST PARK DR #250, WESTBOROUGH MA 01581 |
| Jane D Carlin |
director |
C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054 |
| Michael R Bogansky |
officer: SVP & CFO |
C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 |
| Kevin Stein |
director |
3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054 |
| Silver Point Capital L.p. |
10 percent owner |
TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830 |
| Edward A Mule |
10 percent owner |
C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830 |
| Glen A. Messina |
director, officer: President and CEO |
3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054 |
| Thomas P Gibbons |
director |
THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286 |
| Allan Z Loren |
director |
901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402 |
| Citadel Gp Llc |
10 percent owner |
131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603 |
| Surveyor Capital Ltd. |
10 percent owner |
131 S. DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603 |
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