GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DUFF & PHELPS UTILITY & CORPORATE BOND TRUST INC (NYSE:DUC) » Definitions » Effective Interest Rate on Debt %

DUFF & PHELPS UTILITYRPORATE BOND TRUST (DUFF & PHELPS UTILITYRPORATE BOND TRUST) Effective Interest Rate on Debt % : 1.04% (As of Oct. 2020)


View and export this data going back to . Start your Free Trial

What is DUFF & PHELPS UTILITYRPORATE BOND TRUST 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. DUFF & PHELPS UTILITYRPORATE BOND TRUST's annualized positive value of Interest Expense for the quarter that ended in Oct. 2020 was $1.09 Mil. DUFF & PHELPS UTILITYRPORATE BOND TRUST's average total debt for the quarter that ended in Oct. 2020 was $105.00 Mil. Therefore, DUFF & PHELPS UTILITYRPORATE BOND TRUST's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2020 was 1.04%.

DUFF & PHELPS UTILITYRPORATE BOND TRUST Effective Interest Rate on Debt % Historical Data

The historical data trend for DUFF & PHELPS UTILITYRPORATE BOND TRUST'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.

* Premium members only.

DUFF & PHELPS UTILITYRPORATE BOND TRUST Effective Interest Rate on Debt % Chart

DUFF & PHELPS UTILITYRPORATE BOND TRUST Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20
Effective Interest Rate on Debt %
1.70 2.35 2.99 3.38 1.66

DUFF & PHELPS UTILITYRPORATE BOND TRUST Semi-Annual Data
Oct16 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20
Effective Interest Rate on Debt % Get a 7-Day Free Trial 3.33 3.60 3.16 2.28 1.04

Competitive Comparison of DUFF & PHELPS UTILITYRPORATE BOND TRUST's Effective Interest Rate on Debt %

For the Asset Management subindustry, DUFF & PHELPS UTILITYRPORATE BOND TRUST'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.

DUFF & PHELPS UTILITYRPORATE BOND TRUST's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, DUFF & PHELPS UTILITYRPORATE BOND TRUST's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where DUFF & PHELPS UTILITYRPORATE BOND TRUST's Effective Interest Rate on Debt % falls into.


DUFF & PHELPS UTILITYRPORATE BOND TRUST Effective Interest Rate on Debt % Calculation

DUFF & PHELPS UTILITYRPORATE BOND TRUST's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2019 )+Total Debt  (A: Oct. 2020 ))/ count )
=-1  *  -1.744/( (105+105)/ 2 )
=-1  *  -1.744/105
=1.66 %

where

Total Debt  (A: Oct. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105 + 0
=105

Total Debt  (A: Oct. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105 + 0
=105

DUFF & PHELPS UTILITYRPORATE BOND TRUST's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2020 )+Total Debt  (Q: Oct. 2020 ))/ count )
=-1  *  -1.094/( (105+105)/ 2 )
=-1  *  -1.094/105
=1.04 %

where

Total Debt  (Q: Apr. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105 + 0
=105

Total Debt  (Q: Oct. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105 + 0
=105

* 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 (Oct. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DUFF & PHELPS UTILITYRPORATE BOND TRUST  (NYSE:DUC) Effective Interest Rate on Debt % Explanation

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

DUFF & PHELPS UTILITYRPORATE BOND TRUST Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of DUFF & PHELPS UTILITYRPORATE BOND TRUST's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

DUFF & PHELPS UTILITYRPORATE BOND TRUST (DUFF & PHELPS UTILITYRPORATE BOND TRUST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DUFF & PHELPS UTILITY & CORPORATE BOND TRUST INC (NYSE:DUC) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:PHI LSE:RESI SGX:BLT ASX:CVC OCSI LSE:CMHY GGT TSE:8787 GLAD ASX:PL8 TPE:6024 XPAR:NEXTS XTER:MPCK ASX:TGG LSE:BMD TPVG LSE:RIII LSE:JMI BKK:BFIT OXLC
Traded in Other Exchanges
N/A
Address
200 South Wacker Drive, Suite 500, Chicago, IL, USA, 60606
Website
https://www.dpimc.com
DUFF & PHELPS UTILITY & CORPORATE BOND TRUST INC is a diversified, closed-end management investment company. Its investment objective is to seek high current income consistent with investing in securities of investment-grade quality.
Executives
George W Karpus other: See Explanation of Responses
Grumhaus David D Jr. other: Officer of Investment Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Hoffman Clifford W. Jr. director C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
William J Renahan officer: VP and Secretary 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Eileen A Moran director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Robert J Genetski director 195 N. HARBOR DR, SUITE 4903, CHICAGO IL 60601
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Eric Elvekrog other: Officer of Adviser 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Daniel Petrisko officer: VP and CIO 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Michael A Angerthal other: Director of the Adviser C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Stewart E Conner director
Duckworth Connie K director EIGHT WINGS ENTERPRISES, 77 STONE AGTE LANE, LAKE FOREST IL 60045