GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Municipal Income Trust (NYSE:EVN) » Definitions » Effective Interest Rate on Debt %

EVN (Eaton Vance Municipalome Trust) Effective Interest Rate on Debt % : 4.11% (As of May. 2024)


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

What is Eaton Vance Municipalome 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. Eaton Vance Municipalome Trust's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $6.52 Mil. Eaton Vance Municipalome Trust's average total debt for the quarter that ended in May. 2024 was $158.42 Mil. Therefore, Eaton Vance Municipalome Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 4.11%.


Eaton Vance Municipalome Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Eaton Vance Municipalome 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.

Eaton Vance Municipalome Trust Effective Interest Rate on Debt % Chart

Eaton Vance Municipalome Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.44 1.24 0.54 1.50 3.80

Eaton Vance Municipalome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 2.16 3.70 4.09 4.11

Competitive Comparison of Eaton Vance Municipalome Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Eaton Vance Municipalome 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.


Eaton Vance Municipalome Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipalome Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipalome Trust's Effective Interest Rate on Debt % falls into.



Eaton Vance Municipalome Trust Effective Interest Rate on Debt % Calculation

Eaton Vance Municipalome Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -7.605/( (228.999+171.29)/ 2 )
=-1  *  -7.605/200.1445
=3.80 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=228.999 + 0
=228.999

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.29 + 0
=171.29

Eaton Vance Municipalome Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: May. 2024 ))/ count )
=-1  *  -6.516/( (171.29+145.544)/ 2 )
=-1  *  -6.516/158.417
=4.11 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.29 + 0
=171.29

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145.544 + 0
=145.544

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


Eaton Vance Municipalome Trust  (NYSE:EVN) Effective Interest Rate on Debt % Explanation

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


Eaton Vance Municipalome Trust Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Eaton Vance Municipalome Trust's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Eaton Vance Municipalome Trust Business Description

Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Eaton Vance Municipal Income Trust is a United States-based diversified, closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The trust's portfolio of investments majorly consists of debt instruments of governments, municipal organizations the interest on which is exempt from regular federal income tax and has also some exposure to corporate bonds and other instruments.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Management Committee of Eaton 255 STATE STREET, BOSTON MA 02109
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Froio Richard F Sr officer: Chief Compliance Officer C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Mark R Fetting other: Trustee LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110