What is ENDI 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. ENDI's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.81 Mil. ENDI's average total debt for the quarter that ended in Sep. 2024 was $10.00 Mil. Therefore, ENDI's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.08%.
ENDI Effective Interest Rate on Debt % Historical Data
The historical data trend for ENDI'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.
ENDI Effective Interest Rate on Debt % Chart
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ENDI Annual Data
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Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
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ENDI Quarterly Data
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Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Jun24 |
Sep24 |
| Effective Interest Rate on Debt % |
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7.96 |
8.08 |
Competitive Comparison of ENDI's Effective Interest Rate on Debt %
For the Asset Management subindustry, ENDI'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.
ENDI's Effective Interest Rate on Debt % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, ENDI's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where ENDI's Effective Interest Rate on Debt % falls into.
ENDI Effective Interest Rate on Debt % Calculation
ENDI'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 * 0 | / | ( (0 | + | 0) | / 1 ) |
| = | -1 * 0 | / | 0 |
| = | N/A % |
where
ENDI'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 * -0.808 | / | ( (10 | + | 10) | / 2 ) |
| = | -1 * -0.808 | / | 10 |
| = | 8.08 % |
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 four times the quarterly (Sep. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
ENDI Business Description
Traded in Other Exchanges
N/A
Address
2400 Old Brick Road, Suite 115, Glen Allen, VA, USA, 23060
ENDI Corp is predominantly focused on financial products and services, in addition to opportunistically investing in companies that are growing in their markets. The company's reportable operating segments are CrossingBridge Operations, Internet Operations, and Other Operations. A majority of its revenue is generated from the CrossingBridge Operations segment, which includes revenue and expenses derived from the company's investment advisory and sub-advisory services offered through various SEC-registered mutual funds, a UCITS product, separately managed accounts, and an ETF. The Internet Operations segment, provides internet access, e-mail and hosting, storage, and other ancillary services through Sitestar.net.
Executives
| Thomas A Mcdonnell |
director |
C/O KANSAS CITY SOUTHERN, 427 W 12TH STREET, KANSAS CITY MO 64105 |
| Mahendra R Gupta |
director |
WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899 |
| Alea Ann Kleinhammer |
officer: Chief Financial Officer |
1706 CARTER STREET, RICHMOND VA 23220 |
| David K. Sherman |
director, 10 percent owner, officer: Chief Executive Officer |
1806 SUMMIT AVE, STE 300, RICHMOND VA 23230 |
| Jessica L. Greer |
officer: Secretary |
1806 SUMMIT AVE, STE 300, RICHMOND VA 23230 |
| Steven L Kiel |
director, 10 percent owner |
15 EAST 67TH STREET, 6TH FLOOR, NEW YORK NY 10065 |
| Robert A Davidow |
10 percent owner |
2020 S. CENTRAL AVENUE, COMPTON CA 90220 |
| Cohanzick Management, Llc |
10 percent owner |
427 BEDFORD ROAD, SUITE 230, PLEASANTVILLE NY 10570 |
| Abigail Posner |
director |
C/O ENDI CORP. 2400 OLD BRICK ROAD, STE 115, GLEN ALLEN VA 23060 |
| David K. Sherman 1997 Family Trust |
10 percent owner |
1806 SUMMIT AVE, STE 300, RICHMOND VA 23230 |
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