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Jernigan Capital (Jernigan Capital) Effective Interest Rate on Debt % : 4.62% (As of Sep. 2020)


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What is Jernigan Capital 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. Jernigan Capital's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $12.78 Mil. Jernigan Capital's average total debt for the quarter that ended in Sep. 2020 was $276.94 Mil. Therefore, Jernigan Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 4.62%.


Jernigan Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Jernigan Capital'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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Jernigan Capital Effective Interest Rate on Debt % Chart

Jernigan Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 3.01 10.91 17.02 7.48

Jernigan Capital Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.76 6.44 5.82 4.81 4.62

Competitive Comparison of Jernigan Capital's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Jernigan Capital'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.


Jernigan Capital's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Jernigan Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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



Jernigan Capital Effective Interest Rate on Debt % Calculation

Jernigan Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -8.5/( (24.609+202.791)/ 2 )
=-1  *  -8.5/113.7
=7.48 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.609 + 0
=24.609

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=202.791 + 0
=202.791

Jernigan Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2020 )+Total Debt  (Q: Sep. 2020 ))/ count )
=-1  *  -12.784/( (270.912+282.973)/ 2 )
=-1  *  -12.784/276.9425
=4.62 %

where

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=270.912 + 0
=270.912

Total Debt  (Q: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=282.973 + 0
=282.973

* 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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Jernigan Capital  (NYSE:JCAP) Effective Interest Rate on Debt % Explanation

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


Jernigan Capital Effective Interest Rate on Debt % Related Terms

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Jernigan Capital (Jernigan Capital) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6410 Poplar Avenue, Suite 650, Memphis, TN, USA, 38119
Jernigan Capital Inc is a real estate finance company. It offers capital to private developers, owners, and operators of self-storage facilities. The company's objective is to deliver long-term returns to shareholders by investing in newly constructed self-storage facilities and making loans secured by currently operating self-storage facilities. To achieve this objective company focuses on investments in development property and operating property loans. The majority of the revenue is generated from the interest income from investments made.
Executives
James D Dondero director 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
John A Good director, officer: Chief Executive Officer C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Jonathan L Perry officer: President, CIO 5 OLD LANCASTER ROAD, MALVERN PA 19355
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Rebecca L Owen director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Mark O. Decker director 1395 BRICKELL AVENUE, MIAMI FL 33131
Harry J. Thie director 1395 BRICKELL AVENUE, MIAMI FL 33131
Kelly P Luttrell officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
David Corak officer: SVP, Corporate Finance 6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119
Randy L Churchey director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Dean Jernigan director, officer: Chairman and CEO C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
William C. Drummond officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
Sam J. Jenkins director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gregory W. Ward officer: CFO, Secretary and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131

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