Western Assetorate Loan Fund (Western Assetorate Loan Fund) Effective Interest Rate on Debt % : 1.35% (As of Sep. 2020)

View and export this data going back to . Start your Free Trial

What is Western Assetorate Loan Fund 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. Western Assetorate Loan Fund's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $0.50 Mil. Western Assetorate Loan Fund's average total debt for the quarter that ended in Sep. 2020 was $37.00 Mil. Therefore, Western Assetorate Loan Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 1.35%.

Western Assetorate Loan Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Western Assetorate Loan Fund'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.

* Premium members only.

Western Assetorate Loan Fund Effective Interest Rate on Debt % Chart

Western Assetorate Loan Fund Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Effective Interest Rate on Debt %

1.67

2.48

3.11

1.75

Western Assetorate Loan Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.76	3.11	3.21	2.92	1.35

Competitive Comparison of Western Assetorate Loan Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Western Assetorate Loan Fund'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.

Western Assetorate Loan Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Assetorate Loan Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Western Assetorate Loan Fund's Effective Interest Rate on Debt % falls into.

Western Assetorate Loan Fund Effective Interest Rate on Debt % Calculation

Western Assetorate Loan Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2019 )	+	Total Debt (A: Sep. 2020 ))	/ count )
=	-1 * -0.893	/	( (51	+	0)	/ 1 )
=	-1 * -0.893	/	51
=	1.75 %

where

	Total Debt (A: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51	+	0
=	51

	Total Debt (A: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Western Assetorate Loan Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2020 )	+	Total Debt (Q: Sep. 2020 ))	/ count )
=	-1 * -0.5	/	( (37	+	0)	/ 1 )
=	-1 * -0.5	/	37
=	1.35 %

where

	Total Debt (Q: Mar. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37	+	0
=	37

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

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 (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Western Assetorate Loan Fund (NYSE:TLI) Effective Interest Rate on Debt % Explanation

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

Western Assetorate Loan Fund Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Western Assetorate Loan Fund's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Assetorate Loan Fund (Western Assetorate Loan Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Corporate Loan Fund Inc (NYSE:TLI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018

Website

https://www.leggmason.com

Western Asset Corporate Loan Fund Inc is the United States-based non-diversified, closed-end management investment company. Its investment objective is to maximize current income consistent with prudent efforts to preserve capital. The fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions. Its portfolio of investments consists of different sectors such as capital goods, communications, transportation, healthcare, real estate, and others.

Executives

Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Steven Samuels	10 percent owner	72 COLEYTOWN ROAD, WESTPORT CT 06882
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Paolo M Cucchi	director	DEAN OF COLLEGE OF LIBERAL ARTS, DDREW UNIVESITY 108 BROTHERS COLLEGE, MADISON NJ 07940
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611