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BlackRock Throgmorton Trust (LSE:THRG) Effective Interest Rate on Debt % : 1,926.80% (As of Nov. 2023)


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What is BlackRock Throgmorton 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. BlackRock Throgmorton Trust's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was £5.90 Mil. BlackRock Throgmorton Trust's average total debt for the quarter that ended in Nov. 2023 was £0.31 Mil. Therefore, BlackRock Throgmorton Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 1,926.80%.


BlackRock Throgmorton Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackRock Throgmorton 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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BlackRock Throgmorton Trust Effective Interest Rate on Debt % Chart

BlackRock Throgmorton Trust Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 976.47

BlackRock Throgmorton 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 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 - - - - 1,926.80

Competitive Comparison of BlackRock Throgmorton Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, BlackRock Throgmorton 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.


BlackRock Throgmorton Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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



BlackRock Throgmorton Trust Effective Interest Rate on Debt % Calculation

BlackRock Throgmorton Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -2.988/( (0+0.306)/ 1 )
=-1  *  -2.988/0.306
=976.47 %

where

BlackRock Throgmorton 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  *  -5.896/( (0+0.306)/ 1 )
=-1  *  -5.896/0.306
=1,926.80 %

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


BlackRock Throgmorton Trust  (LSE:THRG) Effective Interest Rate on Debt % Explanation

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


BlackRock Throgmorton Trust Effective Interest Rate on Debt % Related Terms

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BlackRock Throgmorton Trust (LSE:THRG) Business Description

Traded in Other Exchanges
Address
12 Throgmorton Avenue, London, GBR, EC2N 2DL
BlackRock Throgmorton Trust PLC is an investment trust engaged in the business of portfolio investment. Its products are unit trusts, exchange-traded funds, investment trusts, and charities. The company follows a business model of externally managed investment trust. The company performs through the traditional long-only portfolio and long and short portfolio comprising contracts for difference.

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