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Royce Micro-Cap Trust Inc  (NYSE:RMT) Effective Interest Rate on Debt %: 3.10% (As of Jun. 2018)

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 Current Portion of Long-Term Debt. Royce Micro-Cap Trust Inc's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $1.40 Mil. Royce Micro-Cap Trust Inc's average total debt for the quarter that ended in Jun. 2018 was $45.00 Mil. Therefore, Royce Micro-Cap Trust Inc's annualized effective interest rate on debt for the quarter that ended in Jun. 2018 was 3.10%.


Historical Data

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

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Royce Micro-Cap Trust Inc Annual Data

Dec17
Effective Interest Rate on Debt % 2.24

Royce Micro-Cap Trust Inc Semi-Annual Data

Dec17 Jun18
Effective Interest Rate on Debt % 0.00 3.10

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.


Royce Micro-Cap Trust Inc Distribution

* The bar in red indicates where Royce Micro-Cap Trust Inc's Effective Interest Rate on Debt % falls into.



Calculation

Royce Micro-Cap Trust Inc'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: . 20 )+Total Debt  (A: Dec. 2017 ))/ 2 )
=-1  *  /( (+)/ 2 )
=-1  *  /
= %

where

Royce Micro-Cap Trust Inc'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: Dec. 2017 )+Total Debt  (Q: Jun. 2018 ))/ 2 )
=-1  *  -1.396/( (45+45)/ 2 )
=-1  *  -1.396/45
=3.10 %

where

* 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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.


Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.


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