Cayenne Trust (The) (LSE:TCT) Effective Interest Rate on Debt % : 5.52% (As of Jul. 2015)

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What is Cayenne Trust (The) 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. Cayenne Trust (The)'s annualized positive value of Interest Expense for the quarter that ended in Jul. 2015 was £0.37 Mil. Cayenne Trust (The)'s average total debt for the quarter that ended in Jul. 2015 was £6.64 Mil. Therefore, Cayenne Trust (The)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2015 was 5.52%.

Cayenne Trust (The) Effective Interest Rate on Debt % Historical Data

The historical data trend for Cayenne Trust (The)'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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Cayenne Trust (The) Effective Interest Rate on Debt % Chart

Cayenne Trust (The) Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Effective Interest Rate on Debt %

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4.71

4.67

4.71

Cayenne Trust (The) Semi-Annual Data
	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.97	4.71	4.66	4.71	5.52

Competitive Comparison of Cayenne Trust (The)'s Effective Interest Rate on Debt %

For the Asset Management subindustry, Cayenne Trust (The)'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.

Cayenne Trust (The)'s Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Cayenne Trust (The)'s Effective Interest Rate on Debt % falls into.

Cayenne Trust (The) Effective Interest Rate on Debt % Calculation

Cayenne Trust (The)'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2014 )	+	Total Debt (A: Jan. 2015 ))	/ count )
=	-1 * -0.601	/	( (12.781	+	12.743)	/ 2 )
=	-1 * -0.601	/	12.762
=	4.71 %

where

	Total Debt (A: Jan. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.781	+	0
=	12.781

	Total Debt (A: Jan. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.743	+	0
=	12.743

Cayenne Trust (The)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2015 )	+	Total Debt (Q: Jul. 2015 ))	/ count )
=	-1 * -0.366	/	( (12.743	+	0.528)	/ 2 )
=	-1 * -0.366	/	6.6355
=	5.52 %

where

	Total Debt (Q: Jan. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.743	+	0
=	12.743

	Total Debt (Q: Jul. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.528	+	0
=	0.528

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 (Jul. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cayenne Trust (The) (LSE:TCT) Effective Interest Rate on Debt % Explanation

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

Cayenne Trust (The) Effective Interest Rate on Debt % Related Terms

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Cayenne Trust (The) (LSE:TCT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cayenne Trust (The) PLC (LSE:TCT) » Definitions » Effective Interest Rate on Debt %

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Address

Website

http://www.thecayennetrust.com

Cayenne Trust (The) PLC is an investment trust incorporated on DecemberÂ 14,Â 1992. The Company's investment objective is to achieve consistent positive absolute returns. It invests principally in the securities of UK investment trust companies and other closed-end funds. It also has the flexibility to invest in listed or unlisted open-ended funds and may invest in any security issued by any exchange traded fund, investment fund, investment company, holding company or similar collective investment scheme.

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