M & G Highome Investment Trust (LSE:MGHC) Effective Interest Rate on Debt %: 0.00% (As of Nov. 2016)

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Director of Data and Quant Analytics at GuruFocus
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What is M & G Highome Investment Trust Effective Interest Rate on Debt %?

M & G Highome Investment Trust LSE:MGHC Effective Interest Rate on Debt % is 0.00% as of Nov. 2016. The stock has 3 warning signs investors should review.

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. M & G Highome Investment Trust's annualized positive value of Interest Expense for the quarter that ended in Nov. 2016 was £26.66 Mil. M & G Highome Investment Trust's average total debt for the quarter that ended in Nov. 2016 was £0.00 Mil. Therefore, M & G Highome Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2016 was N/A%.


M & G Highome Investment Trust  (LSE:MGHC) Effective Interest Rate on Debt % Explanation

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


M & G Highome Investment Trust Effective Interest Rate on Debt % Related Terms


M & G Highome Investment Trust Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for M & G Highome Investment 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.

M & G Highome Investment Trust Effective Interest Rate on Debt % Chart

M & G Highome Investment Trust Annual Data
Trend May07 May08 May09 May10 May11 May12 May13 May14 May15 May16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

M & G Highome Investment Trust Semi-Annual Data
May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16
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 0.00 0.00 0.00 0.00 0.00

LSE:MGHC vs BKCC, TPVG: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, M & G Highome Investment 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.


M & G Highome Investment Trust Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, M & G Highome Investment Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where M & G Highome Investment Trust's Effective Interest Rate on Debt % falls into.



M & G Highome Investment Trust Effective Interest Rate on Debt % Calculation

M & G Highome Investment Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2015 )+Total Debt  (A: May. 2016 ))/ count )
=-1  *  -25.155/( (0+0)/ 1 )
=-1  *  -25.155/0
=N/A %

where

M & G Highome Investment Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2016 )+Total Debt  (Q: Nov. 2016 ))/ count )
=-1  *  -26.664/( (0+0)/ 1 )
=-1  *  -26.664/0
=N/A %

where

* 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 (Nov. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.00% mean?
M & G Highome Investment Trust (LSE:MGHC) has a Effective Interest Rate on Debt % of 0.00% as of Nov. 2016. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on M & G Highome Investment Trust and its competitors.
Is M & G Highome Investment Trust's Effective Interest Rate on Debt % too high?
M & G Highome Investment Trust's current Effective Interest Rate on Debt % is 0.00%.
How does M & G Highome Investment Trust's Effective Interest Rate on Debt % compare to BKCC and TPVG?
M & G Highome Investment Trust's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on M & G Highome Investment Trust and its competitors. M & G Highome Investment Trust's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M & G Highome Investment Trust stock overvalued right now?
M & G Highome Investment Trust (LSE:MGHC) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For M & G Highome Investment Trust (LSE:MGHC), the current Effective Interest Rate on Debt % is 0.00% as of Nov. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

M & G Highome Investment Trust Business Description

M & G High Income Investment Trust PLC was incorporated in United Kingdom on December 23, 1996. It is a split capital investment trust company with three classes of share: Zero Dividend Preference Shares, Income Shares and Capital Shares. The Company's investment objective is to achieve an above average and increasing income over the 20 year life of the Company and seeking to achieve capital growth.