European Opportunities Trust (LSE:EOT) Effective Interest Rate on Debt % : 4.75% (As of Nov. 2023)

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What is European Opportunities 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. European Opportunities Trust's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £3.56 Mil. European Opportunities Trust's average total debt for the quarter that ended in Nov. 2023 was £75.00 Mil. Therefore, European Opportunities Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 4.75%.

European Opportunities Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for European Opportunities 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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European Opportunities Trust Effective Interest Rate on Debt % Chart

European Opportunities Trust Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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1.42

2.79

0.64

1.14

3.47

European Opportunities Trust Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.26	1.05	2.44	4.64	4.75

Competitive Comparison of European Opportunities Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, European Opportunities 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.

European Opportunities Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

European Opportunities Trust Effective Interest Rate on Debt % Calculation

European Opportunities Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -2.776	/	( (85	+	75)	/ 2 )
=	-1 * -2.776	/	80
=	3.47 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85	+	0
=	85

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75	+	0
=	75

European Opportunities Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -3.56	/	( (75	+	0)	/ 1 )
=	-1 * -3.56	/	75
=	4.75 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75	+	0
=	75

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

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

European Opportunities Trust (LSE:EOT) Effective Interest Rate on Debt % Explanation

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

European Opportunities Trust Effective Interest Rate on Debt % Related Terms

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European Opportunities Trust (LSE:EOT) Business Description

Industry

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EOTl:UK

Address

123 Victoria Street, Third Floor / MYO, London, GBR, SW1E 6DE

Website

https://www.devonem.com

European Opportunities Trust PLC is an investment trust company that principally is active in portfolio investment. It mainly invests in securities of European companies and geographical sectors or areas which offer good prospects for capital growth. It adopts a stock-picking approach to identify long-term superior growth prospects as well as focuses on the companies which have proprietary technology, management, and the ability of sustainable growth. It invests in securities of various sectors including Basic Materials, Industrials, Health Care, Financials, Consumer Services in Denmark, France, Germany, UK, Spain, and others. The group's revenue mainly comprises Dividends, Foreign exchange income, and other investment income.