AGF Management (TSX:AGF.B) Effective Interest Rate on Debt % : 5.77% (As of Feb. 2024)

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What is AGF Management 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. AGF Management's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$6.1 Mil. AGF Management's average total debt for the quarter that ended in Feb. 2024 was C$106.4 Mil. Therefore, AGF Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 5.77%.

AGF Management Effective Interest Rate on Debt % Historical Data

The historical data trend for AGF Management'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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AGF Management Effective Interest Rate on Debt % Chart

AGF Management Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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3.42

4.35

3.28

2.87

5.06

AGF Management Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.56	5.45	5.17	4.17	5.77

Competitive Comparison of AGF Management's Effective Interest Rate on Debt %

For the Asset Management subindustry, AGF Management'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.

AGF Management's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

AGF Management Effective Interest Rate on Debt % Calculation

AGF Management's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -4.874	/	( (102.856	+	89.887)	/ 2 )
=	-1 * -4.874	/	96.3715
=	5.06 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	101.866	+	0.99
=	102.856

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	83.927	+	5.96
=	89.887

AGF Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -6.14	/	( (89.887	+	122.972)	/ 2 )
=	-1 * -6.14	/	106.4295
=	5.77 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	83.927	+	5.96
=	89.887

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117.015	+	5.957
=	122.972

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

AGF Management (TSX:AGF.B) Effective Interest Rate on Debt % Explanation

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

AGF Management Effective Interest Rate on Debt % Related Terms

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AGF Management (TSX:AGF.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGF Management Ltd (TSX:AGF.B) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AGFMF:USA A3J:Germany

Address

81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1

Website

https://www.agf.com

AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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