Terra Firma Capital (TSXV:TII) Effective Interest Rate on Debt % : 10.26% (As of Jun. 2023)

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What is Terra Firma Capital 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. Terra Firma Capital's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was C$11.76 Mil. Terra Firma Capital's average total debt for the quarter that ended in Jun. 2023 was C$114.58 Mil. Therefore, Terra Firma Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 10.26%.

Terra Firma Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Terra Firma Capital'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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Terra Firma Capital Effective Interest Rate on Debt % Chart

Terra Firma Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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9.95

9.14

8.75

10.15

10.62

Terra Firma Capital Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.04	10.73	11.34	9.79	10.26

Competitive Comparison of Terra Firma Capital's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, Terra Firma Capital'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.

Terra Firma Capital's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Terra Firma Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Terra Firma Capital Effective Interest Rate on Debt % Calculation

Terra Firma Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -12.949	/	( (111.579	+	132.265)	/ 2 )
=	-1 * -12.949	/	121.922
=	10.62 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.726	+	-0.147
=	111.579

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132.333	+	-0.068
=	132.265

Terra Firma Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -11.756	/	( (120.438	+	108.73)	/ 2 )
=	-1 * -11.756	/	114.584
=	10.26 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.472	+	-0.034
=	120.438

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	108.73	+	0
=	108.73

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

Terra Firma Capital (TSXV:TII) Effective Interest Rate on Debt % Explanation

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

Terra Firma Capital Effective Interest Rate on Debt % Related Terms

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Terra Firma Capital (TSXV:TII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Terra Firma Capital Corp (TSXV:TII) » Definitions » Effective Interest Rate on Debt %

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Address

22 Saint Clair Avenue East, Weston Centre, Suite 200, Toronto, ON, CAN, M4T 2S5

Website

https://www.tfcc.ca

Terra Firma Capital Corp is a real estate finance company that provides real estate financings secured by investment properties and real estate developments throughout Canada and the U.S. These financings are made to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where it requires capital at various stages of development or redevelopment properties, for such development or redevelopment, properties repairs or the purchase of investment properties.

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