CION Invt (FRA:D21) Effective Interest Rate on Debt % : 8.76% (As of Sep. 2024)

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What is CION Invt 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. CION Invt's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €84.88 Mil. CION Invt's average total debt for the quarter that ended in Sep. 2024 was €968.41 Mil. Therefore, CION Invt's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.76%.

CION Invt Effective Interest Rate on Debt % Historical Data

The historical data trend for CION Invt'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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CION Invt Effective Interest Rate on Debt % Chart

CION Invt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.80

4.50

4.27

5.76

8.30

CION Invt Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.87	9.14	9.09	9.01	8.76

Competitive Comparison of CION Invt's Effective Interest Rate on Debt %

For the Asset Management subindustry, CION Invt'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.

CION Invt's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where CION Invt's Effective Interest Rate on Debt % falls into.

CION Invt Effective Interest Rate on Debt % Calculation

CION Invt'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 * -78.455	/	( (898.048	+	991.92)	/ 2 )
=	-1 * -78.455	/	944.984
=	8.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	898.048	+	0
=	898.048

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	991.92	+	0
=	991.92

CION Invt'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 * -84.876	/	( (986.329	+	950.482)	/ 2 )
=	-1 * -84.876	/	968.4055
=	8.76 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	986.329	+	0
=	986.329

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	950.482	+	0
=	950.482

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.

CION Invt (FRA:D21) Effective Interest Rate on Debt % Explanation

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

CION Invt Effective Interest Rate on Debt % Related Terms

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CION Invt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CION Invt Corp (FRA:D21) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CION:USA

Address

100 Park Avenue, 25th Floor, New York, NY, USA, 10017

Website

https://www.cioninvestments.com

CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies.

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