HireRight Holdings (HireRight Holdings) Effective Interest Rate on Debt % : 8.90% (As of Dec. 2023)

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What is HireRight Holdings 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. HireRight Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $65.3 Mil. HireRight Holdings's average total debt for the quarter that ended in Dec. 2023 was $734.1 Mil. Therefore, HireRight Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.90%.

HireRight Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for HireRight Holdings'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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HireRight Holdings Effective Interest Rate on Debt % Chart

HireRight Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

7.97

7.37

8.71

4.63

9.08

HireRight Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											6.39	7.18	7.86	12.62	8.90

Competitive Comparison of HireRight Holdings's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, HireRight Holdings'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.

HireRight Holdings's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HireRight Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

HireRight Holdings Effective Interest Rate on Debt % Calculation

HireRight Holdings'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 * -64.722	/	( (691.556	+	734.267)	/ 2 )
=	-1 * -64.722	/	712.9115
=	9.08 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	683.206	+	8.35
=	691.556

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	726.767	+	7.5
=	734.267

HireRight Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -65.32	/	( (733.838	+	734.267)	/ 2 )
=	-1 * -65.32	/	734.0525
=	8.90 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	726.338	+	7.5
=	733.838

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	726.767	+	7.5
=	734.267

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

HireRight Holdings (NYSE:HRT) Effective Interest Rate on Debt % Explanation

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

HireRight Holdings Effective Interest Rate on Debt % Related Terms

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HireRight Holdings (HireRight Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HireRight Holdings Corp (NYSE:HRT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Centerview Drive, Suite 300, Nashville, TN, USA, 37214

Website

https://www.hireright.com

HireRight Holdings Corp is a global provider of technology-driven workforce risk management and compliance solutions. It provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services. It offers services via a unified global software and data platform that tightly integrates into its customers' human capital management (HCM) systems enabling effective and efficient workflows for workforce hiring, onboarding, and monitoring. The company's revenues is derived from contracts to provide services. Majority of the revenue is generated from United States.

Executives

Mary O'loughlin	officer: EVP, North America	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
Michael E Ensor	officer: SVP, Global Head of Operations	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James R Daxner	officer: EVP, Global Head of Product	100 CENTERVIEW DRIVE, SUITE 300, NASHVILLE TN 37214
James Laplaine	director	100 CENTERVIEW DR,, NASHVILLE TN 37214
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rjc Gis Holdings Llc	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Venkat Bhamidipati	director	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence M Kutscher	director	ONE DIAMOND HILL RD, MURRAY HILL NJ 07974
Jeanne S. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
Raymond W. Conrad	10 percent owner	401 QUAY COMMONS UNIT 1801, SARASOTA FL 34236
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (bermuda), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY,LLC, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055
General Atlantic Partners (bermuda) Hrg Ii, L.p.	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
General Atlantic (spv) Gp (bermuda), Llc	director, 10 percent owner	C/O CONYERS CLIENT SERVICES LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
Gap (bermuda) L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY, 55 EAST 52ND ST. 32ND FLOOR, NEW YORK NY 10055