GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Angel Oak Financial Strats Income Term (NYSE:FINS) » Definitions » Effective Interest Rate on Debt %

FINS (Angel Oak Financial Stratsome Term) Effective Interest Rate on Debt % : 4.66% (As of Jan. 2025)


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

What is Angel Oak Financial Stratsome Term 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. Angel Oak Financial Stratsome Term's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was $6.36 Mil. Angel Oak Financial Stratsome Term's average total debt for the quarter that ended in Jan. 2025 was $136.41 Mil. Therefore, Angel Oak Financial Stratsome Term's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 4.66%.


Angel Oak Financial Stratsome Term Effective Interest Rate on Debt % Historical Data

The historical data trend for Angel Oak Financial Stratsome Term'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.

Angel Oak Financial Stratsome Term Effective Interest Rate on Debt % Chart

Angel Oak Financial Stratsome Term Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.90 2.51 3.35 4.18 4.65

Angel Oak Financial Stratsome Term Semi-Annual Data
Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.80 4.12 4.48 4.45 4.66

Competitive Comparison of Angel Oak Financial Stratsome Term's Effective Interest Rate on Debt %

For the Asset Management subindustry, Angel Oak Financial Stratsome Term'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.


Angel Oak Financial Stratsome Term's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Angel Oak Financial Stratsome Term's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Angel Oak Financial Stratsome Term's Effective Interest Rate on Debt % falls into.


;
;

Angel Oak Financial Stratsome Term Effective Interest Rate on Debt % Calculation

Angel Oak Financial Stratsome Term's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2024 )+Total Debt  (A: Jan. 2025 ))/ count )
=-1  *  -6.298/( (139.287+131.64)/ 2 )
=-1  *  -6.298/135.4635
=4.65 %

where

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=139.287 + 0
=139.287

Total Debt  (A: Jan. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=131.64 + 0
=131.64

Angel Oak Financial Stratsome Term's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2024 )+Total Debt  (Q: Jan. 2025 ))/ count )
=-1  *  -6.362/( (141.18+131.64)/ 2 )
=-1  *  -6.362/136.41
=4.66 %

where

Total Debt  (Q: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=141.18 + 0
=141.18

Total Debt  (Q: Jan. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=131.64 + 0
=131.64

* 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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Angel Oak Financial Stratsome Term  (NYSE:FINS) Effective Interest Rate on Debt % Explanation

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


Angel Oak Financial Stratsome Term Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Angel Oak Financial Stratsome Term's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Angel Oak Financial Stratsome Term Business Description

Traded in Other Exchanges
N/A
Address
3344 Peachtree Road NE, Suite 1725, Atlanta, GA, USA, 30326
Angel Oak Financial Strats Income Term is a non-diversified, closed-end management investment company. The fund's objective is to seek current income with a secondary objective of total return. In pursuing its investment objective, the fund invests mainly in debt issued by financial institutions, including subordinated debt, unrated debt, senior debt, and high-yield securities.
Executives
William Eldredge officer: Chief Compliance Officer C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Johannes Palsson other: Portfolio Manager 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Kevin Parks other: Portfolio Manager Affil. Fund 145 WEST 57TH STREET, 19TH FLOOR, NEW YORK NY 10019
Angel Oak Capital Partners Ii, Llc other: General Partner of Adviser 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30309
Kevin Sluss officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, LLC, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Navid Abghari other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada 10 percent owner ONE YORK STREET, TORONTO A6 M5J 0B6
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Michael Fierman other: Investment Adviser Principal ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Angel Oak Capital Advisors, Llc other: Investment Adviser ONE BUCKHEAD PLAZA, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305-2240
John R Hsu officer: Secretary C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Cheryl Pate other: Portfolio Manager 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Sreeniwas Prabhu director ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305