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Main Street Capital (Main Street Capital) Effective Interest Rate on Debt % : 5.23% (As of Dec. 2023)


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What is Main Street 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. Main Street Capital's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $97.6 Mil. Main Street Capital's average total debt for the quarter that ended in Dec. 2023 was $1,868.6 Mil. Therefore, Main Street Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.23%.


Main Street Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Main Street 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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Main Street Capital Effective Interest Rate on Debt % Chart

Main Street Capital 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 4.76 4.27 3.92 4.13 5.40

Main Street Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 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 4.57 5.01 5.34 5.34 5.23

Competitive Comparison of Main Street Capital's Effective Interest Rate on Debt %

For the Asset Management subindustry, Main Street 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.


Main Street Capital's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Main Street Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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



Main Street Capital Effective Interest Rate on Debt % Calculation

Main Street Capital'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  *  -102.575/( (1999.102+1802.344)/ 2 )
=-1  *  -102.575/1900.723
=5.40 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1999.102 + 0
=1999.102

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1802.344 + 0
=1802.344

Main Street Capital'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  *  -97.64/( (1934.922+1802.344)/ 2 )
=-1  *  -97.64/1868.633
=5.23 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1934.922 + 0
=1934.922

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1802.344 + 0
=1802.344

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


Main Street Capital  (NYSE:MAIN) Effective Interest Rate on Debt % Explanation

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


Main Street Capital Effective Interest Rate on Debt % Related Terms

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Main Street Capital (Main Street Capital) Business Description

Traded in Other Exchanges
Address
1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market companies. The investment portfolio of the company is typically made to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies that operate in diverse industry sectors. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle market companies based in the US. Business functioned through the U.S. region and it derives the majority of its income from the source of fees, commission, and interest.
Executives
Jason B Beauvais officer: VP, General Counsel, Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
John Earl Jackson director 12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Nicholas Meserve officer: Managing Director 1300 POST OAK BLVD., STE 800, HOUSTON TX 77056
Ryan Robert Nelson officer: VP, CAO, Assistant Treasurer 2445 TECHNOLOGY FOREST BLVD., STE 800, THE WOODLANDS TX 77381
Dwayne L. Hyzak officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
David L. Magdol officer: Senior Vice President 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Vincent D Foster director, officer: Chief Executive Officer QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Lance A Parker officer: VP, CHIEF ACCOUNTING OFFICER 800 GESSNER, SUITE 500, HOUSTON TX 77024
Dunia A Shive director 14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Beverly Kay Matthews director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Jesse E Morris officer: EVP , CFO AND COO 2800 POST OAK BLVD., STE. 2600, HOUSTON TX 77056
Arthur L. French director 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Brent D. Smith officer: SVP - Finance 2500 CITYWEST BOULEVARD, SUITE 2200, HOUSTON TX 77042
Rodger A. Stout officer: CAO, CCO & Secretary 1300 POST OAK BOULEVARD, SUITE 800, HOUSTON TX 77056
Valerie Lebeaux Banner director 35 BROAD OAKS ESTATES LANE, HOUSTON TX 77056