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TriplePoint Venture Growth BDC (TriplePoint Venture Growth BDC) Effective Interest Rate on Debt % : 4.82% (As of Dec. 2023)


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What is TriplePoint Venture Growth BDC 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. TriplePoint Venture Growth BDC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $29.18 Mil. TriplePoint Venture Growth BDC's average total debt for the quarter that ended in Dec. 2023 was $605.28 Mil. Therefore, TriplePoint Venture Growth BDC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.82%.


TriplePoint Venture Growth BDC Effective Interest Rate on Debt % Historical Data

The historical data trend for TriplePoint Venture Growth BDC'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.

TriplePoint Venture Growth BDC Effective Interest Rate on Debt % Chart

TriplePoint Venture Growth BDC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 4.26 3.68 4.43 5.62

TriplePoint Venture Growth BDC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.49 5.65 5.82 5.41 4.82

Competitive Comparison of TriplePoint Venture Growth BDC's Effective Interest Rate on Debt %

For the Asset Management subindustry, TriplePoint Venture Growth BDC'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.


TriplePoint Venture Growth BDC's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TriplePoint Venture Growth BDC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TriplePoint Venture Growth BDC's Effective Interest Rate on Debt % falls into.



TriplePoint Venture Growth BDC Effective Interest Rate on Debt % Calculation

TriplePoint Venture Growth BDC'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  *  -33.039/( (566.98+607.896)/ 2 )
=-1  *  -33.039/587.438
=5.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=566.98 + 0
=566.98

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=607.896 + 0
=607.896

TriplePoint Venture Growth BDC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -29.18/( (602.663+607.896)/ 2 )
=-1  *  -29.18/605.2795
=4.82 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=602.663 + 0
=602.663

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=607.896 + 0
=607.896

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


TriplePoint Venture Growth BDC  (NYSE:TPVG) Effective Interest Rate on Debt % Explanation

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


TriplePoint Venture Growth BDC Effective Interest Rate on Debt % Related Terms

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TriplePoint Venture Growth BDC (TriplePoint Venture Growth BDC) Business Description

Traded in Other Exchanges
Address
2755 Sand Hill Road, Suite 150, Menlo Park, CA, USA, 94025
TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the operations of the firm function through the region of the US.
Executives
Cynthia M. Fornelli director 2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Katherine J Park director 2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Kimberley H Vogel director 63 CONSTITUTION DRIVE, CHICO CA 95973
Christopher M. Mathieu officer: Chief Financial Officer 312 FARMINGTON AVENUE, FARMINGTON CT 06032
Stephen Cassani director 700 EMERSON STREET, PALO ALTO CA 94301
Gilbert Ahye director 200 VESEY ST, NEW YORK NY 10285
Christopher Gastelu officer: See Remarks 920 WOODLAND AVENUE, ORADELL NJ 07649
James Labe director, officer: Chief Executive Officer 2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Sajal Srivastava director, officer: See Remarks 2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Steven Bird director 525 UNIVERSITY AVE, SUITE 225, PALO ALTO CA 94301
Andrew Olson officer: Chief Financial Officer C/O HERCULES TECHNOLOGY GROWTH CAPITAL, 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Harold F Zagunis officer: Chief Financial Officer ONE BELVEDERE, SUITE 300, MILL VALLEY CA 94941
Boathouse Row Ii L P 10 percent owner 450 SANSOME STREET, SUITE 1500, SAN FRAN CA 94111
Philadelphia Financial Management Of San Francisco, Llc 10 percent owner 450 SANSOME STREET, SUITE 1500, SAN FRANCISCO CA 94111
Boathouse Row I, L.p. 10 percent owner 450 SANSOME STREET, SUITE 1500, SAN FRANCISCO CA 94111

TriplePoint Venture Growth BDC (TriplePoint Venture Growth BDC) Headlines

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