Washington Prime Group (Washington Prime Group) Effective Interest Rate on Debt % : 9.56% (As of Jun. 2021)

View and export this data going back to 2013. Start your Free Trial

What is Washington Prime Group 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. Washington Prime Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $210.01 Mil. Washington Prime Group's average total debt for the quarter that ended in Jun. 2021 was $2,196.28 Mil. Therefore, Washington Prime Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 9.56%.

Washington Prime Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group Effective Interest Rate on Debt % Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.81

3.95

4.87

5.11

4.99

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.71	4.92	5.08	6.40	9.56

Competitive Comparison of Washington Prime Group's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Washington Prime Group's Effective Interest Rate on Debt % falls into.

Washington Prime Group Effective Interest Rate on Debt % Calculation

Washington Prime Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -156.752	/	( (3061.562	+	3221.475)	/ 2 )
=	-1 * -156.752	/	3141.5185
=	4.99 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2857.417	+	204.145
=	3061.562

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2581.499	+	639.976
=	3221.475

Washington Prime Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * -210.012	/	( (3221.84	+	1170.714)	/ 2 )
=	-1 * -210.012	/	2196.277
=	9.56 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2581.098	+	640.742
=	3221.84

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1170.714	+	0
=	1170.714

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Washington Prime Group (OTCPK:WPGIQ.PFD) Effective Interest Rate on Debt % Explanation

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

Washington Prime Group Effective Interest Rate on Debt % Related Terms

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

Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGIQ.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.

Executives

Stephan Gerber	officer: Senior VP, Property Mgmt.	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Joshua Lindimore	officer: Senior VP, Head of Leasing	C/O WASHINGTON PRIME GROUP, 180 EAST BROAD STREET, COLUMBUS OH 43215
Armand Mastropietro	officer: Exec VP, Property Management	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Paul S Ajdaharian	officer: Exec VP, Head of Open Air Ctrs	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory E Zimmerman	officer: Exec VP, Development	909 WALNUT, SUITE 200, KANSAS CITY MO 64106
J. Taggart Birge	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Von Blucher Sheryl G.	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John F Levy	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John J Dillon	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory A Gorospe	officer: EVP, General Counsel,Secretary	180 EAST BROAD STREET, COLUMBUS OH 43215
Farinaz S Tehrani	officer: EVP, Legal & Compliance	180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher	director, officer: Vice Chairman and CEO	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Mark Edward Yale	officer: EVP, CFO	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Melissa A. Indest	officer: CAO and SVP,Finance	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Niles C Overly	director	180 EAST BROAD STREET, COLUMBUS OH 43215