MFD Effective Interest Rate on Debt % : 6.71% (As of May. 2024)

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What is Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $1.85 Mil. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's average total debt for the quarter that ended in May. 2024 was $27.55 Mil. Therefore, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 6.71%.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Effective Interest Rate on Debt % Chart

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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3.34

1.69

1.24

2.59

6.34

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									1.41	3.63	6.00	6.67	6.71

Competitive Comparison of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Effective Interest Rate on Debt % falls into.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Effective Interest Rate on Debt % Calculation

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund'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 * -1.746	/	( (27.55	+	27.55)	/ 2 )
=	-1 * -1.746	/	27.55
=	6.34 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.55	+	0
=	27.55

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.55	+	0
=	27.55

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: May. 2024 ))	/ count )
=	-1 * -1.848	/	( (27.55	+	27.55)	/ 2 )
=	-1 * -1.848	/	27.55
=	6.71 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.55	+	0
=	27.55

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.55	+	0
=	27.55

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 (May. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) Effective Interest Rate on Debt % Explanation

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

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Effective Interest Rate on Debt % Related Terms

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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is a diversified, closed-end management company. Its objective is to seek a high level of current return consisting of dividends, interest, and other similar income while attempting to preserve capital. The fund seeks to achieve its objective by investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utilities. It also invests in senior secured loans generally considered to be high-yield securities. The company portfolio of investments consists of the investment in the common stocks, master limited partnerships, and senior floating-rate loan interests.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
William H Speacht	other: Investment Advisor	2005 MARKET ST, 34TH FL, PHILADELPHIA PA 19103
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Fink William J Jr	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
John H Kim	other: Officer-Investment Sub-Advisor	C/O ANJIE LAROCCA, DEUTSCHE BANK, 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Jonathan S Ong	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Anthony Felton	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Andrew Maple-brown	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019