DRI Healthcare Trust (TSX:DHT.U) Effective Interest Rate on Debt % : 17.36% (As of Dec. 2023)

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What is DRI Healthcare Trust 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. DRI Healthcare Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $25.3 Mil. DRI Healthcare Trust's average total debt for the quarter that ended in Dec. 2023 was $146.0 Mil. Therefore, DRI Healthcare Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.36%.

DRI Healthcare Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for DRI Healthcare Trust'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.

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DRI Healthcare Trust Effective Interest Rate on Debt % Chart

DRI Healthcare Trust Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

5.09

4.59

13.58

DRI Healthcare Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							6.98	10.49	13.02	20.07	17.36

Competitive Comparison of DRI Healthcare Trust's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, DRI Healthcare Trust'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.

DRI Healthcare Trust's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, DRI Healthcare Trust's Effective Interest Rate on Debt % distribution charts can be found below:

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

DRI Healthcare Trust Effective Interest Rate on Debt % Calculation

DRI Healthcare Trust'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 * -26.503	/	( (244.988	+	145.478)	/ 2 )
=	-1 * -26.503	/	195.233
=	13.58 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	244.988	+	0
=	244.988

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.478	+	0
=	145.478

DRI Healthcare Trust'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 * -25.344	/	( (146.582	+	145.478)	/ 2 )
=	-1 * -25.344	/	146.03
=	17.36 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	146.582	+	0
=	146.582

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.478	+	0
=	145.478

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.

DRI Healthcare Trust (TSX:DHT.U) Effective Interest Rate on Debt % Explanation

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

DRI Healthcare Trust Effective Interest Rate on Debt % Related Terms

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DRI Healthcare Trust (TSX:DHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DRI Healthcare Trust (TSX:DHT.U) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

DHTRF:USA DHT.UN:Canada

Address

100 King Street West, 1 First Canadian Place, Suite 7250, Toronto, ON, CAN, M5X 1B1

Website

https://www.dricapital.com

DRI Healthcare Trust is a pioneer in global pharmaceutical royalty monetization with a more than 30-year history of accelerating innovation by providing capital to inventors, academic institutions, and biopharma companies. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world.

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