NCV (Virtus Convertible &ome Fund) Effective Interest Rate on Debt %: 16.65% (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NCV Virtus Convertible & Income Fund NCV
50 GF Score
Price $16.73
GF Value $55.59
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Virtus Convertible &ome Fund Effective Interest Rate on Debt %?

Virtus Convertible &ome Fund NCV -1.65% 50 Effective Interest Rate on Debt % is 16.65% as of Jan. 2026. GuruFocus rates NCV with a GF Score™ of 50/100 and a GF Value™ of $55.59 (Significantly Undervalued). The stock has 5 warning signs investors should review.

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. Virtus Convertible &ome Fund's annualized positive value of Interest Expense for the quarter that ended in Jan. 2026 was $5.66 Mil. Virtus Convertible &ome Fund's average total debt for the quarter that ended in Jan. 2026 was $34.00 Mil. Therefore, Virtus Convertible &ome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2026 was 16.65%.


Virtus Convertible &ome Fund  (NYSE:NCV) Effective Interest Rate on Debt % Explanation

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


Virtus Convertible &ome Fund Effective Interest Rate on Debt % Related Terms


Virtus Convertible &ome Fund Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Virtus Convertible &ome 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.

Virtus Convertible &ome Fund Effective Interest Rate on Debt % Chart

Virtus Convertible &ome Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Jan23 Jan24 Jan25 Jan26
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.97 2.27 7.04 17.88 16.86

Virtus Convertible &ome Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 18.22 17.96 17.79 17.07 16.65

NCV vs ALTI, HFRO, MYN: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, Virtus Convertible &ome 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.


Virtus Convertible &ome Fund Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund's Effective Interest Rate on Debt % falls into.


NCV
50GF Score
Virtus Convertible & Income Fund NCV
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virtus Convertible &ome Fund Effective Interest Rate on Debt % Calculation

Virtus Convertible &ome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2025 )+Total Debt  (A: Jan. 2026 ))/ count )
=-1  *  -5.732/( (34+34)/ 2 )
=-1  *  -5.732/34
=16.86 %

where

Virtus Convertible &ome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2025 )+Total Debt  (Q: Jan. 2026 ))/ count )
=-1  *  -5.66/( (34+34)/ 2 )
=-1  *  -5.66/34
=16.65 %

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 (Jan. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 16.65% mean?
Virtus Convertible &ome Fund (NCV) has a Effective Interest Rate on Debt % of 16.65% as of Jan. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Virtus Convertible &ome Fund and its competitors.
Is Virtus Convertible &ome Fund's Effective Interest Rate on Debt % too high?
Virtus Convertible &ome Fund's current Effective Interest Rate on Debt % is 16.65%. Overall, Virtus Convertible &ome Fund has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund's Effective Interest Rate on Debt % compare to ALTI and HFRO?
Virtus Convertible &ome Fund's Effective Interest Rate on Debt % of 16.65% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Virtus Convertible &ome Fund and its competitors. Virtus Convertible &ome Fund's current Effective Interest Rate on Debt % is 16.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund (NCV) is currently considered Significantly Undervalued. The stock's GF Value™ is $55.59, compared to a current price of $16.73 — trading 69.9% below its estimated fair value. The current Effective Interest Rate on Debt % is 16.65%. Virtus Convertible &ome Fund's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Virtus Convertible &ome Fund (NCV), the current Effective Interest Rate on Debt % is 16.65% as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Virtus Convertible &ome Fund (NCV) Overvalued in 2026?

Based on GuruFocus' analysis, Virtus Convertible &ome Fund stock appears to be undervalued. The current stock price of $16.73 is trading 69.9% below its estimated GF Value™ of $55.59. GuruFocus considers Virtus Convertible &ome Fund to be Significantly Undervalued.

Key valuation signals for NCV:

  • Effective Interest Rate on Debt %: 16.65%
  • GF Value™: $55.59 vs. price of $16.73 (69.9% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the NCV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virtus Convertible &ome Fund Business Description

Other Exchanges NCVpA.PFD:USA
Address 101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
50GF Score

Get the complete analysis for NCV

Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.73
Price
$55.59
GF Value