DMA (Destra Multi-Alternative Fund) Effective Interest Rate on Debt % : 17.13% (As of Sep. 2024)

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What is Destra Multi-Alternative Fund 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. Destra Multi-Alternative Fund's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $2.31 Mil. Destra Multi-Alternative Fund's average total debt for the quarter that ended in Sep. 2024 was $13.49 Mil. Therefore, Destra Multi-Alternative Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 17.13%.

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

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.

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

Destra Multi-Alternative Fund Annual Data

Trend

Feb22

Mar23

Mar24

Effective Interest Rate on Debt %

5.71

9.54

16.07

Destra Multi-Alternative Fund Semi-Annual Data
	Feb22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			7.49	11.59	14.24	14.97	17.13

Competitive Comparison of Destra Multi-Alternative Fund's Effective Interest Rate on Debt %

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's Effective Interest Rate on Debt % Distribution in the 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.

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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. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -2.409	/	( (15	+	14.976)	/ 2 )
=	-1 * -2.409	/	14.988
=	16.07 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15	+	0
=	15

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.976	+	0
=	14.976

Destra Multi-Alternative Fund'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: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -2.31	/	( (14.976	+	11.999)	/ 2 )
=	-1 * -2.31	/	13.4875
=	17.13 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.976	+	0
=	14.976

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.999	+	0
=	11.999

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

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

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Destra Multi-Alternative Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Destra Multi-Alternative Fund (NYSE:DMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

443 North Willson Avenue, Bozeman, MT, USA, 59715

Website

https://www.destracapital.com

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.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Randi Jean Roessler	officer: Chief Compliance Officer	C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Robert A. Watson	officer: PRESIDENT	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Zach Leeds	other: Assistant Portfolio Manager	1710 LARKIN ST, #11, SAN FRANCISCO CA 94109
Kenneth B. Merritt	officer: Assistant Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Gossard Cory J	officer: Chief Compliance Officer	C/O PINE ADVISER SOLUTIONS, 501 S. CHERRY STREET, SUITE 1090, DENVER CO 80246
Jacob G. Schultz	officer: Secretary	443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Marcie Mcveigh	officer: Assistant Treasurer	225 PICTORIA DRIVE, SUITE 450, CINCINNATI OH 45246
Derek Jason Mullins	officer: CFO and Treasurer	C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Nicholas Dalmaso	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael Erickson	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Jeffrey S. Murphy	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
John Scott Emrich	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Aaron Jay Rosen	other: Advior Affiliate	10655 CALLE MAR DE MARIPOSA #4101, SAN DIEGO CA 92130