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TWOPD.PFD (Two Harbors Investment) Effective Interest Rate on Debt % : 44.26% (As of Sep. 2024)


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What is Two Harbors Investment 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. Two Harbors Investment's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $619.72 Mil. Two Harbors Investment's average total debt for the quarter that ended in Sep. 2024 was $1,400.34 Mil. Therefore, Two Harbors Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 44.26%.

Two Harbors Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Two Harbors Investment'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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Two Harbors Investment Effective Interest Rate on Debt % Chart

Two Harbors Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.95 26.10 8.08 16.99 34.84

Two Harbors Investment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.81 34.77 33.55 35.65 44.26

Competitive Comparison of Two Harbors Investment's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Two Harbors Investment'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.

Two Harbors Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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


Two Harbors Investment Effective Interest Rate on Debt % Calculation

Two Harbors Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -643.225/( (1799.338+1893.024)/ 2 )
=-1  *  -643.225/1846.181
=34.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=680.507 + 1118.831
=1799.338

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=563.853 + 1329.171
=1893.024

Two Harbors Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -619.724/( (1538.683+1262.003)/ 2 )
=-1  *  -619.724/1400.343
=44.26 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.412 + 1279.271
=1538.683

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=259.815 + 1002.188
=1262.003

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

Two Harbors Investment  (NYSE:TWOPD.PFD) Effective Interest Rate on Debt % Explanation

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

Two Harbors Investment Effective Interest Rate on Debt % Related Terms

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Two Harbors Investment Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Two Harbors Investment Corp (NYSE:TWOPD.PFD) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MFA CIM LADR ARI PMT RC EFC ARR FBRT RWT NLY AGNC STWD RITM BXMT ABR DX CMTG KREF BRSP
Traded in Other Exchanges
TWOpC.PFD:USA TWOpB.PFD:USA TWOpA.PFD:USA TWO:USA 2H2:Germany 2H2:Germany
Address
1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416
Website
https://www.twoharborsinvestment.com
Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.