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

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What is M & G Highome Investment 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. 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 Effective Interest Rate on Debt % Historical Data

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.

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

M & G Highome Investment Trust Annual Data

Trend

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Effective Interest Rate on Debt %

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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
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Competitive Comparison of M & G Highome Investment Trust's Effective Interest Rate on Debt %

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's Effective Interest Rate on Debt % Distribution in the 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

	Total Debt (A: May. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: May. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

	Total Debt (Q: May. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

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

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M & G Highome Investment Trust (LSE:MGHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M & G High Income Investment Trust PLC (LSE:MGHC) » Definitions » Effective Interest Rate on Debt %

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Address

Website

http://www.mandg.co.uk

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.

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