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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. Bridge Investment Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $29.5 Mil. Bridge Investment Group Holdings's average total debt for the quarter that ended in Mar. 2024 was $474.7 Mil. Therefore, Bridge Investment Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.21%.
The historical data trend for Bridge Investment Group 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.
Bridge Investment Group Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Effective Interest Rate on Debt % | 7.50 | 5.03 | 5.06 | 5.16 | 7.22 |
Bridge Investment Group Holdings Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 3.95 | 6.55 | 6.07 | 6.32 | 6.21 |
For the Asset Management subindustry, Bridge Investment Group 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.
For the Asset Management industry and Financial Services sector, Bridge Investment Group Holdings's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Bridge Investment Group Holdings's Effective Interest Rate on Debt % falls into.
Bridge Investment Group 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 * -28.495 | / | ( (305.927 | + | 483.952) | / 2 ) |
= | -1 * -28.495 | / | 394.9395 | |||
= | 7.22 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 305.927 | + | 0 |
= | 305.927 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 449.952 | + | 34 |
= | 483.952 |
Bridge Investment Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2023 ) | + | Total Debt (Q: Mar. 2024 )) | / count ) |
= | -1 * -29.46 | / | ( (483.952 | + | 465.51) | / 2 ) |
= | -1 * -29.46 | / | 474.731 | |||
= | 6.21 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 449.952 | + | 34 |
= | 483.952 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 450.01 | + | 15.5 |
= | 465.51 |
* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Bridge Investment Group Holdings (NYSE:BRDG) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Bridge Investment Group Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Garrett Behling | officer: Chief Accounting Officer | 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070 |
Chad A Leat | director | C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004 |
Katherine Elsnab | officer: Chief Accounting Officer | C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
Deborah C Hopkins | director | 1007 MARKET ST, WILMINGTON DE 19898 |
Adam O'farrell | director, officer: See Remarks | C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
Robert Randolph Morse | director, 10 percent owner, officer: See Remarks | 1000 PARK AVENUE, APT 3, NEW YORK NY 10028 |
Debra M Chase | director | C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054 |
Jonathan Slager | director, officer: See Remarks | C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
Bridge Founders Group, Llc | 10 percent owner | 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
Chad D. Briggs | officer: See Remarks | C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
Dean Allara | director, officer: See Remarks | C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070 |
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