ARMOUR Residential REIT (LTS:0HHU) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is ARMOUR Residential REIT 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. ARMOUR Residential REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $544.60 Mil. ARMOUR Residential REIT's average total debt for the quarter that ended in Mar. 2024 was $0.00 Mil. Therefore, ARMOUR Residential REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.

ARMOUR Residential REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for ARMOUR Residential REIT'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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ARMOUR Residential REIT Effective Interest Rate on Debt % Chart

ARMOUR Residential REIT Annual Data

Trend

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Effective Interest Rate on Debt %

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ARMOUR Residential REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of ARMOUR Residential REIT's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, ARMOUR Residential REIT'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.

ARMOUR Residential REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ARMOUR Residential REIT's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ARMOUR Residential REIT's Effective Interest Rate on Debt % falls into.

ARMOUR Residential REIT Effective Interest Rate on Debt % Calculation

ARMOUR Residential REIT'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 * -525.794	/	( (0	+	0)	/ 1 )
=	-1 * -525.794	/	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

ARMOUR Residential REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -544.596	/	( (0	+	0)	/ 1 )
=	-1 * -544.596	/	0
=	N/A %

where

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

	Total Debt (Q: Mar. 2024 )
=	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 four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ARMOUR Residential REIT (LTS:0HHU) Effective Interest Rate on Debt % Explanation

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

ARMOUR Residential REIT Effective Interest Rate on Debt % Related Terms

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ARMOUR Residential REIT (LTS:0HHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ARMOUR Residential REIT Inc (LTS:0HHU) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3001 Ocean Drive, Suite 201, Vero Beach, FL, USA, 32963

Website

http://www.armourreit.com

ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.

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