Putnam Municipal Opportunities Trust (Putnam Municipal Opportunities Trust) Effective Interest Rate on Debt % : 3.89% (As of Oct. 2023)

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What is Putnam Municipal Opportunities 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. Putnam Municipal Opportunities Trust's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $0.74 Mil. Putnam Municipal Opportunities Trust's average total debt for the quarter that ended in Oct. 2023 was $19.08 Mil. Therefore, Putnam Municipal Opportunities Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 3.89%.

Putnam Municipal Opportunities Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Putnam Municipal Opportunities 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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Putnam Municipal Opportunities Trust Effective Interest Rate on Debt % Chart

Putnam Municipal Opportunities Trust Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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2.04

1.43

0.78

0.70

3.58

Putnam Municipal Opportunities Trust Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.65	0.74	2.07	4.64	3.89

Competitive Comparison of Putnam Municipal Opportunities Trust's Effective Interest Rate on Debt %

For the Asset Management subindustry, Putnam Municipal Opportunities 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.

Putnam Municipal Opportunities Trust's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

* The bar in red indicates where Putnam Municipal Opportunities Trust's Effective Interest Rate on Debt % falls into.

Putnam Municipal Opportunities Trust Effective Interest Rate on Debt % Calculation

Putnam Municipal Opportunities Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -1.387	/	( (56.101	+	21.413)	/ 2 )
=	-1 * -1.387	/	38.757
=	3.58 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56.101	+	0
=	56.101

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.413	+	0
=	21.413

Putnam Municipal Opportunities Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -0.742	/	( (21.413	+	16.746)	/ 2 )
=	-1 * -0.742	/	19.0795
=	3.89 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.413	+	0
=	21.413

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.746	+	0
=	16.746

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

Putnam Municipal Opportunities Trust (NYSE:PMO) Effective Interest Rate on Debt % Explanation

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

Putnam Municipal Opportunities Trust Effective Interest Rate on Debt % Related Terms

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Putnam Municipal Opportunities Trust (Putnam Municipal Opportunities Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Putnam Municipal Opportunities Trust (NYSE:PMO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Federal Street, Boston, MA, USA, 02110

Website

https://www.putnam.com

Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.

Executives

Stephen R Denny	officer: Head HR- Diversity & Inclusion, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Aaron M Cooper	officer: Dir. Global Equity Research, other: Putnam Investments	100 FEDERAL STREET, BOSTON MA 02110
Manoj P Singh	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Carlo Forcione	officer: Head of Product and Strategy, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Catherine Saunders	officer: Head,Corporate Sustainability, other: and Public Policy - Putnam Inv	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Mona Sutphen	director	777 HIDDEN RIDGE, IRVING TX 75038
Marie Pillai	director	C/O PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Jacquelyn S Vanderbrug	officer: Headof Sustainability Strategy, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Jennifer Murphy	director	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Brendan T Murray	officer: Head of Global Inv. Strategies, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Alan Mccormack	officer: Vice President and, other: Derivatives Risk Manager	PUTNAM INVESTMENTS, 16 ST. JAMES'S STREET, LONDON X0 SW1A 1ER
Martin Lemaire	officer: Vice President and, other: Derivatives Risk Manager	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Steven P Mckay	officer: Head of Global DCIO, other: Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Kaitlin May	officer: Head of Global Institutional, other: Management /Putnam Investments	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Stephen J Tate	officer: General Counsel, other: Chief Legal Officer/Putnam Inv	PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110