GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » United Development Funding IV (OTCPK:UDFI) » Definitions » Effective Interest Rate on Debt %

United Development Funding IV (United Development Funding IV) Effective Interest Rate on Debt % : 6.15% (As of Sep. 2015)


View and export this data going back to 2014. Start your Free Trial

What is United Development Funding IV 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. United Development Funding IV's annualized positive value of Interest Expense for the quarter that ended in Sep. 2015 was $10.49 Mil. United Development Funding IV's average total debt for the quarter that ended in Sep. 2015 was $170.57 Mil. Therefore, United Development Funding IV's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 was 6.15%.


United Development Funding IV Effective Interest Rate on Debt % Historical Data

The historical data trend for United Development Funding IV'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.

* Premium members only.

United Development Funding IV Effective Interest Rate on Debt % Chart

United Development Funding IV Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Effective Interest Rate on Debt %
- 4.69 3.25 5.35

United Development Funding IV Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 7.09 6.35 6.00 6.19 6.15

Competitive Comparison of United Development Funding IV's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, United Development Funding IV'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.


United Development Funding IV's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, United Development Funding IV's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where United Development Funding IV's Effective Interest Rate on Debt % falls into.



United Development Funding IV Effective Interest Rate on Debt % Calculation

United Development Funding IV's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2013 )+Total Debt  (A: Dec. 2014 ))/ count )
=-1  *  -5.367/( (30.519+170.238)/ 2 )
=-1  *  -5.367/100.3785
=5.35 %

where

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 30.519
=30.519

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50 + 120.238
=170.238

United Development Funding IV's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2015 )+Total Debt  (Q: Sep. 2015 ))/ count )
=-1  *  -10.488/( (170.226+170.906)/ 2 )
=-1  *  -10.488/170.566
=6.15 %

where

Total Debt  (Q: Jun. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50 + 120.226
=170.226

Total Debt  (Q: Sep. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50 + 120.906
=170.906

* 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. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


United Development Funding IV  (OTCPK:UDFI) Effective Interest Rate on Debt % Explanation

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


United Development Funding IV Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of United Development Funding IV's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


United Development Funding IV (United Development Funding IV) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1301 Municipal Way, Suite 200, Grapevine, TX, USA, 76051
United Development Funding IV is a real estate investment trust. It invests in the development and construction of single-family homes through a family of public and private funds, which direct investor capital towards the financing of homebuilders and land developers. The company offers investors to diversify their portfolios with investments in affordable residential real estate. The vast majority of the company's loan portfolio is secured by parcels of land intended for development and finished lots. Nearly all of the company's property loans and investments are secured by or related to properties located in Texas.
Executives
Phillip Kent Marshall director 10959 CUTTEN ROAD, HOUSTON TX 77066
Stacey Dwyer director, officer: Chief Operating Officer 301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102