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BlackRock Smaller Trust (LSE:BRSC) Effective Interest Rate on Debt % : 2.52% (As of Feb. 2023)


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What is BlackRock Smaller 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. BlackRock Smaller Trust's annualized positive value of Interest Expense for the quarter that ended in Feb. 2023 was £1.75 Mil. BlackRock Smaller Trust's average total debt for the quarter that ended in Feb. 2023 was £69.50 Mil. Therefore, BlackRock Smaller Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 was 2.52%.


BlackRock Smaller Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackRock Smaller 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.

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BlackRock Smaller Trust Effective Interest Rate on Debt % Chart

BlackRock Smaller Trust Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.54 2.89 2.89 2.55 2.52

BlackRock Smaller Trust Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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 2.86 3.05 3.14 2.52 -

Competitive Comparison of BlackRock Smaller Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, BlackRock Smaller 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.


BlackRock Smaller Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock Smaller Trust's Effective Interest Rate on Debt % falls into.



BlackRock Smaller Trust Effective Interest Rate on Debt % Calculation

BlackRock Smaller Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  -1.851/( (69.504+77.414)/ 2 )
=-1  *  -1.851/73.459
=2.52 %

where

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.504 + 0
=69.504

Total Debt  (A: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=77.414 + 0
=77.414

BlackRock Smaller Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2022 )+Total Debt  (Q: Feb. 2023 ))/ count )
=-1  *  -1.748/( (69.491+69.504)/ 2 )
=-1  *  -1.748/69.4975
=2.52 %

where

Total Debt  (Q: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.491 + 0
=69.491

Total Debt  (Q: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.504 + 0
=69.504

* 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 (Feb. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BlackRock Smaller Trust  (LSE:BRSC) Effective Interest Rate on Debt % Explanation

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


BlackRock Smaller Trust Effective Interest Rate on Debt % Related Terms

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BlackRock Smaller Trust (LSE:BRSC) Business Description

Traded in Other Exchanges
Address
12 Throgmorton Avenue, Exchange Place One, London, GBR, EC2N 2DL
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.

BlackRock Smaller Trust (LSE:BRSC) Headlines

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