DMA (Destra Multi-Alternative Fund) Effective Interest Rate on Debt %: 8.69% (As of Mar. 2026)


DMA Destra Multi-Alternative Fund DMA
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What is Destra Multi-Alternative Fund Effective Interest Rate on Debt %?

Destra Multi-Alternative Fund DMA +0.17% 23 Effective Interest Rate on Debt % is 8.69% as of Mar. 2026. GuruFocus rates DMA with a GF Score™ of 23/100. The stock has 1 warning sign investors should review.

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. Destra Multi-Alternative Fund's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was $0.91 Mil. Destra Multi-Alternative Fund's average total debt for the quarter that ended in Mar. 2026 was $10.45 Mil. Therefore, Destra Multi-Alternative Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 8.69%.


Destra Multi-Alternative Fund  (NYSE:DMA) Effective Interest Rate on Debt % Explanation

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


Destra Multi-Alternative Fund Effective Interest Rate on Debt % Related Terms


Destra Multi-Alternative Fund Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Destra Multi-Alternative 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.

Destra Multi-Alternative Fund Effective Interest Rate on Debt % Chart

Destra Multi-Alternative Fund Annual Data
Trend Feb22 Mar23 Mar24 Mar25 Mar26
Effective Interest Rate on Debt %
5.71 9.54 16.07 15.73 10.85

Destra Multi-Alternative Fund Semi-Annual Data
Aug21 Feb22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.97 17.13 15.44 12.36 8.69

DMA vs CYPH, VLT, PGZ: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, Destra Multi-Alternative 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.


Destra Multi-Alternative Fund Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Destra Multi-Alternative Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Destra Multi-Alternative Fund's Effective Interest Rate on Debt % falls into.


DMA
23GF Score
Destra Multi-Alternative Fund DMA
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Destra Multi-Alternative Fund Effective Interest Rate on Debt % Calculation

Destra Multi-Alternative Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2025 )+Total Debt  (A: Mar. 2026 ))/ count )
=-1  *  -1.134/( (11+9.9)/ 2 )
=-1  *  -1.134/10.45
=10.85 %

where

Destra Multi-Alternative Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -0.908/( (11+9.9)/ 2 )
=-1  *  -0.908/10.45
=8.69 %

where

* 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 (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 8.69% mean?
Destra Multi-Alternative Fund (DMA) has a Effective Interest Rate on Debt % of 8.69% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Destra Multi-Alternative Fund and its competitors.
Is Destra Multi-Alternative Fund's Effective Interest Rate on Debt % too high?
Destra Multi-Alternative Fund's current Effective Interest Rate on Debt % is 8.69%. Overall, Destra Multi-Alternative Fund has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Destra Multi-Alternative Fund's Effective Interest Rate on Debt % compare to CYPH and VLT?
Destra Multi-Alternative Fund's Effective Interest Rate on Debt % of 8.69% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Destra Multi-Alternative Fund and its competitors. Destra Multi-Alternative Fund's current Effective Interest Rate on Debt % is 8.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Destra Multi-Alternative Fund stock overvalued right now?
Destra Multi-Alternative Fund (DMA) has a current Effective Interest Rate on Debt % of 8.69%. The current Effective Interest Rate on Debt % is 8.69%. Destra Multi-Alternative Fund's overall GF Score™ is 23/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Destra Multi-Alternative Fund (DMA), the current Effective Interest Rate on Debt % is 8.69% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Destra Multi-Alternative Fund Business Description

Address 443 North Willson Avenue, Bozeman, MT, USA, 59715
Destra Multi-Alternative Fund is a non-diversified, closed-end management investment company that operates as an interval fund with a continuous offering of fund shares. The investment objective of the fund is to seek returns from capital appreciation and income, with an emphasis on income generation. The Fund pursues its investment objective by investing mainly in the income-producing securities of real estate investment trusts (REITs) and alternative investment funds, as well as common stocks and structured notes, bonds, and asset-backed securities.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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