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Virtus Stone Harbor Emerging Marketsome Fund (Virtus Stone Harbor Emerging Marketsome Fund) Effective Interest Rate on Debt % : 6.33% (As of Nov. 2023)


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What is Virtus Stone Harbor Emerging Marketsome 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. Virtus Stone Harbor Emerging Marketsome Fund's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $1.23 Mil. Virtus Stone Harbor Emerging Marketsome Fund's average total debt for the quarter that ended in Nov. 2023 was $19.47 Mil. Therefore, Virtus Stone Harbor Emerging Marketsome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.33%.


Virtus Stone Harbor Emerging Marketsome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Virtus Stone Harbor Emerging Marketsome 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.

Virtus Stone Harbor Emerging Marketsome Fund Effective Interest Rate on Debt % Chart

Virtus Stone Harbor Emerging Marketsome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.29 2.45 1.05 2.03 5.41

Virtus Stone Harbor Emerging Marketsome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 0.94 1.09 3.23 4.05 6.33

Competitive Comparison of Virtus Stone Harbor Emerging Marketsome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Virtus Stone Harbor Emerging Marketsome 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.


Virtus Stone Harbor Emerging Marketsome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Stone Harbor Emerging Marketsome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Virtus Stone Harbor Emerging Marketsome Fund's Effective Interest Rate on Debt % falls into.



Virtus Stone Harbor Emerging Marketsome Fund Effective Interest Rate on Debt % Calculation

Virtus Stone Harbor Emerging Marketsome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -1.156/( (28.6+14.172)/ 2 )
=-1  *  -1.156/21.386
=5.41 %

where

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.172 + 0
=14.172

Virtus Stone Harbor Emerging Marketsome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -1.232/( (24.767+14.172)/ 2 )
=-1  *  -1.232/19.4695
=6.33 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.767 + 0
=24.767

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.172 + 0
=14.172

* 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 two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Virtus Stone Harbor Emerging Marketsome Fund  (NYSE:EDF) Effective Interest Rate on Debt % Explanation

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


Virtus Stone Harbor Emerging Marketsome Fund Effective Interest Rate on Debt % Related Terms

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Virtus Stone Harbor Emerging Marketsome Fund (Virtus Stone Harbor Emerging Marketsome Fund) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Stone Harbor Emerging Markets Income Fund is a closed-end management investment company. Its investment objective is to maximize total return, which consists of income from its investments and capital appreciation. The Fund invests in fixed income securities and other instruments.
Executives
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
Heath B Mclendon other: Trustee

Virtus Stone Harbor Emerging Marketsome Fund (Virtus Stone Harbor Emerging Marketsome Fund) Headlines