PREPRDCL.PFD (PartnerRe) Effective Interest Rate on Debt % : 2.85% (As of Dec. 2020)

View and export this data going back to 2004. Start your Free Trial

What is PartnerRe 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. PartnerRe's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $55.72 Mil. PartnerRe's average total debt for the quarter that ended in Dec. 2020 was $1,953.02 Mil. Therefore, PartnerRe's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 2.85%.

PartnerRe Effective Interest Rate on Debt % Historical Data

The historical data trend for PartnerRe'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.

* Premium members only.

PartnerRe Effective Interest Rate on Debt % Chart

PartnerRe Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.49

3.03

3.00

2.85

2.32

PartnerRe Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.39	2.37	2.36	2.11	2.85

Competitive Comparison of PartnerRe's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, PartnerRe'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.

PartnerRe's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PartnerRe's Effective Interest Rate on Debt % distribution charts can be found below:

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

PartnerRe Effective Interest Rate on Debt % Calculation

PartnerRe's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -39.2	/	( (1398.054	+	1974.731)	/ 2 )
=	-1 * -39.2	/	1686.3925
=	2.32 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1398.054	+	0
=	1398.054

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1974.731	+	0
=	1974.731

PartnerRe's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2020 )	+	Total Debt (Q: Dec. 2020 ))	/ count )
=	-1 * -55.716	/	( (1931.311	+	1974.731)	/ 2 )
=	-1 * -55.716	/	1953.021
=	2.85 %

where

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1931.311	+	0
=	1931.311

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1974.731	+	0
=	1974.731

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 (Dec. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PartnerRe (NYSE:PREPRDCL.PFD) Effective Interest Rate on Debt % Explanation

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

PartnerRe Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of PartnerRe's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

PartnerRe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PartnerRe Ltd (NYSE:PREPRDCL.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PREJF.PFD:USA

Address

90 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.partnerre.com

PartnerRe Ltd is a Bermuda-based holding company for international reinsurance groups, including Partner Reinsurance Company, Partner Reinsurance Europe SE, Partner Reinsurance Company of the U.S., and Partner Reinsurance Asia. PartnerRe reinsures risks include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. The company operates through the following segments the P&C segment, the Specialty segment under the non-life division, and the Life and Health segment. PartnerRe derives the majority of its revenue from the P&C segment.