NB Distressed Debt Investment Fund (LSE:NBDD) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is NB Distressed Debt Investment Fund 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. NB Distressed Debt Investment Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. NB Distressed Debt Investment Fund's average total debt for the quarter that ended in Dec. 2023 was $0.00 Mil. Therefore, NB Distressed Debt Investment Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

NB Distressed Debt Investment Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for NB Distressed Debt Investment Fund'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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NB Distressed Debt Investment Fund Effective Interest Rate on Debt % Chart

NB Distressed Debt Investment Fund Annual Data

Trend

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Dec23

Effective Interest Rate on Debt %

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NB Distressed Debt Investment Fund Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
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Competitive Comparison of NB Distressed Debt Investment Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, NB Distressed Debt Investment Fund'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.

NB Distressed Debt Investment Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NB Distressed Debt Investment Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where NB Distressed Debt Investment Fund's Effective Interest Rate on Debt % falls into.

NB Distressed Debt Investment Fund Effective Interest Rate on Debt % Calculation

NB Distressed Debt Investment Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

NB Distressed Debt Investment Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

NB Distressed Debt Investment Fund (LSE:NBDD) Effective Interest Rate on Debt % Explanation

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

NB Distressed Debt Investment Fund Effective Interest Rate on Debt % Related Terms

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NB Distressed Debt Investment Fund (LSE:NBDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NB Distressed Debt Investment Fund Ltd (LSE:NBDD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NBDG:UK NBDX:UK

Address

Les Ruettes Brayes, 1st and 2nd Floors, Elizabeth House, Saint Peter Port, GGY, GY1 1EW

Website

https://www.nbddif.com

NB Distressed Debt Investment Fund Ltd is a closed-ended investment company. The company's objectives are to provide investors with attractive risk-adjusted returns through long-biased, opportunistic exposure to stressed, distressed and special situation credit-related investments while seeking to limit downside risk by, and focusing on senior and senior secured debt with both collateral and structural protection.

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