Globe Life (FRA:TMJ) Effective Interest Rate on Debt % : 5.12% (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Globe Life 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. Globe Life's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €105 Mil. Globe Life's average total debt for the quarter that ended in Mar. 2024 was €2,057 Mil. Therefore, Globe Life's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.12%.

Globe Life Effective Interest Rate on Debt % Historical Data

The historical data trend for Globe Life'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.

Globe Life Effective Interest Rate on Debt % Chart

Globe Life Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.15

4.65

4.38

4.55

4.81

Globe Life Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.69	4.89	4.86	4.66	5.12

Competitive Comparison of Globe Life's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Globe Life'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.

Globe Life's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Globe Life's Effective Interest Rate on Debt % distribution charts can be found below:

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

Globe Life Effective Interest Rate on Debt % Calculation

Globe Life'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 * -93.824	/	( (1960.74	+	1940.072)	/ 2 )
=	-1 * -93.824	/	1950.406
=	4.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1536.787	+	423.953
=	1960.74

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1494.306	+	445.766
=	1940.072

Globe Life's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -105.324	/	( (1940.072	+	2174.44)	/ 2 )
=	-1 * -105.324	/	2057.256
=	5.12 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1494.306	+	445.766
=	1940.072

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1499.58	+	674.86
=	2174.44

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

Globe Life (FRA:TMJ) Effective Interest Rate on Debt % Explanation

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

Globe Life Effective Interest Rate on Debt % Related Terms

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

Globe Life (FRA:TMJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (FRA:TMJ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GL:USA

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Globe Life (FRA:TMJ) Headlines

No Headlines