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Syncora Holdings (Syncora Holdings) Effective Interest Rate on Debt % : 21.79% (As of Mar. 2019)


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What is Syncora Holdings 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. Syncora Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was $23.06 Mil. Syncora Holdings's average total debt for the quarter that ended in Mar. 2019 was $105.82 Mil. Therefore, Syncora Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 was 21.79%.


Syncora Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Syncora Holdings'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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Syncora Holdings Effective Interest Rate on Debt % Chart

Syncora Holdings 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 19.41 23.25 19.80 22.70 29.85

Syncora Holdings Quarterly Data
Dec12 Dec13 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 24.95 28.82 22.88 26.51 21.79

Competitive Comparison of Syncora Holdings's Effective Interest Rate on Debt %

For the Insurance - Specialty subindustry, Syncora Holdings'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.


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

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

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



Syncora Holdings Effective Interest Rate on Debt % Calculation

Syncora Holdings'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  *  -79.556/( (428.887+104.206)/ 2 )
=-1  *  -79.556/266.5465
=29.85 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=428.887 + 0
=428.887

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.206 + 0
=104.206

Syncora Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2018 )+Total Debt  (Q: Mar. 2019 ))/ count )
=-1  *  -23.06/( (104.206+107.441)/ 2 )
=-1  *  -23.06/105.8235
=21.79 %

where

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.206 + 0
=104.206

Total Debt  (Q: Mar. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=107.441 + 0
=107.441

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


Syncora Holdings  (OTCPK:SYCRF) Effective Interest Rate on Debt % Explanation

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


Syncora Holdings Effective Interest Rate on Debt % Related Terms

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Syncora Holdings (Syncora Holdings) Business Description

Traded in Other Exchanges
N/A
Address
22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12
Syncora Holdings Ltd is a Bermuda holding company that provides through its wholly-owned subsidiaries, financial guarantee insurance and reinsurance. It has one reportable operating business segment, Financial Guarantee Insurance. The financial guarantee business segment is conducted through its operating subsidiaries, SGI and SCAI.
Executives
Duncan P Hennes director SYNCORA HOLDINGS LTD, A S COOPER BLDG, 26 REID STREET, HAMILTON D0 HM11
Edward J Muhl director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Xl Insurance (bermuda) Ltd 10 percent owner XL HOUSE, ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Mary R Hennessy director 651 CLINTON AVE, HADDONFIELD NJ 08033
Claude Leblanc officer: Executive Vice President ONE BERMUDIANA ROAD, HAMILTON D0 HM 11