CLNYPB.CL.PFD (DigitalBridge Group) Effective Interest Rate on Debt % : 4.85% (As of Sep. 2024)

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What is DigitalBridge Group 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. DigitalBridge Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $16.52 Mil. DigitalBridge Group's average total debt for the quarter that ended in Sep. 2024 was $340.27 Mil. Therefore, DigitalBridge Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.85%.

DigitalBridge Group Effective Interest Rate on Debt % Historical Data

The historical data trend for DigitalBridge Group'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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DigitalBridge Group Effective Interest Rate on Debt % Chart

DigitalBridge Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.56

2.39

1.26

1.31

3.71

DigitalBridge Group 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															0.46	1.07	4.98	3.33	4.85

Competitive Comparison of DigitalBridge Group's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, DigitalBridge Group'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.

DigitalBridge Group's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DigitalBridge Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where DigitalBridge Group's Effective Interest Rate on Debt % falls into.

DigitalBridge Group Effective Interest Rate on Debt % Calculation

DigitalBridge Group'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 * -24.54	/	( (902.045	+	420.818)	/ 2 )
=	-1 * -24.54	/	661.4315
=	3.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	609.874	+	292.171
=	902.045

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	420.818	+	0
=	420.818

DigitalBridge Group'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 * -16.516	/	( (339.801	+	340.747)	/ 2 )
=	-1 * -16.516	/	340.274
=	4.85 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	339.801	+	0
=	339.801

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	340.747	+	0
=	340.747

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.

DigitalBridge Group (NYSE:CLNYpB.CL.PFD) Effective Interest Rate on Debt % Explanation

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

DigitalBridge Group Effective Interest Rate on Debt % Related Terms

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DigitalBridge Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DigitalBridge Group Inc (NYSE:CLNYpB.CL.PFD) » Definitions » Effective Interest Rate on Debt %

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Address

750 Park of Commerce Drive, Suite 210, Boca Raton, FL, USA, 33487

Website

https://www.digitalbridge.com

DigitalBridge Group Inc is a developer of alternative asset manager dedicated to investing in digital infrastructure. The company's platform invests in and operates businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, to provide clients with funds for digital infrastructure real estate infrastructure.