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RASJQ.PFD (RAIT Financial Trust) Effective Interest Rate on Debt % : 10.52% (As of Jun. 2019)


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What is RAIT Financial 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. RAIT Financial Trust's annualized positive value of Interest Expense for the quarter that ended in Jun. 2019 was $30.77 Mil. RAIT Financial Trust's average total debt for the quarter that ended in Jun. 2019 was $292.42 Mil. Therefore, RAIT Financial Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 was 10.52%.


RAIT Financial Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for RAIT Financial 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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RAIT Financial Trust Effective Interest Rate on Debt % Chart

RAIT Financial Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 3.63 4.38 6.36 11.28

RAIT Financial Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 Premium Member Only Premium Member Only Premium Member Only 12.07 10.50 10.23 10.84 10.52

Competitive Comparison of RAIT Financial Trust's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, RAIT Financial 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.


RAIT Financial Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



RAIT Financial Trust Effective Interest Rate on Debt % Calculation

RAIT Financial Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -54.23/( (653.602+307.908)/ 2 )
=-1  *  -54.23/480.755
=11.28 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=653.602 + 0
=653.602

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=307.908 + 0
=307.908

RAIT Financial Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2019 )+Total Debt  (Q: Jun. 2019 ))/ count )
=-1  *  -30.772/( (294.137+290.712)/ 2 )
=-1  *  -30.772/292.4245
=10.52 %

where

Total Debt  (Q: Mar. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=294.137 + 0
=294.137

Total Debt  (Q: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.712 + 0
=290.712

* 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 four times the quarterly (Jun. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


RAIT Financial Trust  (OTCPK:RASJQ.PFD) Effective Interest Rate on Debt % Explanation

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


RAIT Financial Trust Effective Interest Rate on Debt % Related Terms

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RAIT Financial Trust Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 North 18th Street, Two Logan Square, 23rd Floor, Philadelphia, PA, USA, 19103
RAIT Financial Trust is a United States-based real estate investment trust. Through its subsidiaries, the company invests in and manages a portfolio of commercial real estate (CRE) loans and properties. It operates in the business segment of real estate lending, owning and managing segment which focuses on lending, owning and managing commercial real estate assets throughout the United States. The form of the company's investments ranged from first mortgage loans to equity ownership of a commercial real estate property. It derives main revenue in the form of property income.

RAIT Financial Trust Headlines

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