AXPHF.PFD (Axis Capital Holdings) Effective Interest Rate on Debt % : 4.46% (As of Sep. 2024)

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What is Axis Capital 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. Axis Capital Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $67.40 Mil. Axis Capital Holdings's average total debt for the quarter that ended in Sep. 2024 was $1,511.03 Mil. Therefore, Axis Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.46%.

Axis Capital Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Axis Capital 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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Axis Capital Holdings Effective Interest Rate on Debt % Chart

Axis Capital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.17

4.45

4.33

4.32

4.53

Axis Capital Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.33	4.83	4.51	4.48	4.46

Competitive Comparison of Axis Capital Holdings's Effective Interest Rate on Debt %

For the Insurance - Specialty subindustry, Axis Capital 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.

Axis Capital Holdings's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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

Axis Capital Holdings Effective Interest Rate on Debt % Calculation

Axis Capital Holdings'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 * -68.421	/	( (1496.279	+	1522.605)	/ 2 )
=	-1 * -68.421	/	1509.442
=	4.53 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1496.279	+	0
=	1496.279

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1522.605	+	0
=	1522.605

Axis Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -67.396	/	( (1516.492	+	1505.562)	/ 2 )
=	-1 * -67.396	/	1511.027
=	4.46 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1516.492	+	0
=	1516.492

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1505.562	+	0
=	1505.562

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Axis Capital Holdings (OTCPK:AXPHF.PFD) Effective Interest Rate on Debt % Explanation

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

Axis Capital Holdings Effective Interest Rate on Debt % Related Terms

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Axis Capital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (OTCPK:AXPHF.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXS:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.