AFHBQ.PFD (Atlas Financial Holdings) Effective Interest Rate on Debt % : 8.80% (As of Sep. 2022)

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What is Atlas Financial Holdings 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. Atlas Financial Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $3.20 Mil. Atlas Financial Holdings's average total debt for the quarter that ended in Sep. 2022 was $36.41 Mil. Therefore, Atlas Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 8.80%.

Atlas Financial Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas Financial Holdings'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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Atlas Financial Holdings Effective Interest Rate on Debt % Chart

Atlas Financial Holdings Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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8.51

7.74

5.03

5.41

6.33

Atlas Financial Holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.55	7.10	7.16	8.76	8.80

Competitive Comparison of Atlas Financial Holdings's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Atlas Financial Holdings'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.

Atlas Financial Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Atlas Financial Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Atlas Financial Holdings's Effective Interest Rate on Debt % falls into.

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Atlas Financial Holdings Effective Interest Rate on Debt % Calculation

Atlas Financial Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -2.235	/	( (37.259	+	33.326)	/ 2 )
=	-1 * -2.235	/	35.2925
=	6.33 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.259	+	0
=	37.259

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.326	+	0
=	33.326

Atlas Financial Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -3.204	/	( (36.706	+	36.116)	/ 2 )
=	-1 * -3.204	/	36.411
=	8.80 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.706	+	0
=	36.706

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.116	+	0
=	36.116

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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Atlas Financial Holdings (OTCPK:AFHBQ.PFD) Effective Interest Rate on Debt % Explanation

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

Atlas Financial Holdings Effective Interest Rate on Debt % Related Terms

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Atlas Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Atlas Financial Holdings Inc (OTCPK:AFHBQ.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

953 American Lane, 3rd Floor, Schaumburg, Chicago, IL, USA, 60173

Website

https://www.atlas-fin.com

Atlas Financial Holdings Inc is engaged in the business of underwriting commercial automobile insurance in the United States. It focuses on the light commercial automobile sector, which includes taxi cabs, non-emergency para-transit, limousine, livery, and business auto. Its automobile insurance products provide insurance coverage in three major areas: liability, accident benefits, and physical damage. The company distributes its insurance products through a network of retail independent agents.

Executives

Steven D Scheiwe	director	1741 EDGEFIELD LANE, ENCINITAS CA 92024
Mark E Holliday	director	257 SW MARCONI AVENUE, PORTLAND OR 97201
American Financial Group Inc	10 percent owner	GREAT AMERICAN INSURANCE GROUP TOWER, 301 E. 4TH STREET, CINCINNATI OH 45202
Ronald Konezny	director	C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Walter Frederick Walker	director	14419 GREENWOOD AVE. N, STE A 418, SEATTLE WA 98133
Ellbar Partners Management, Llc	10 percent owner	15 E 5TH STREET-SUITE 3200, TULSA OK 74103
Stephen J Heyman	10 percent owner	15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103
James F Adelson	10 percent owner	15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103
Magnolia Capital Partners, Llc	10 percent owner	15 E. 5TH STREET, SUITE 3200, TULSA OK 74103
Fitzgerald John Taylor Maloney	director	KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Swets Larry G Jr	director	105 S. MAPLE ST., ITASCA IL 60143
Kingsway America Inc	10 percent owner	150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Jordan Kupinsky	director	395 BROOKE AVENUE, TORONTO A6 M5M2L5
Gordon G Pratt	director, officer: Chairman of the Board	1101 BRICKELL AVENUE, SOUTH TOWER, 8TH FLOOR, MIAMI FL 33131
Leslie Dimaggio	other: Subsidiary Director/Vice Pres	715 BARBERRY TRAIL, FOX RIVER GROVE IL 60021