Navient (Navient) Effective Interest Rate on Debt % : 6.23% (As of Mar. 2024)

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What is Navient 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. Navient's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3,500 Mil. Navient's average total debt for the quarter that ended in Mar. 2024 was $56,198 Mil. Therefore, Navient's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.23%.

Navient Effective Interest Rate on Debt % Historical Data

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

Navient Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.73

2.40

1.66

2.94

5.74

Navient Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.17	5.92	5.81	6.31	6.23

Competitive Comparison of Navient's Effective Interest Rate on Debt %

For the Credit Services subindustry, Navient'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.

Navient's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Navient's Effective Interest Rate on Debt % distribution charts can be found below:

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

Navient Effective Interest Rate on Debt % Calculation

Navient'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 * -3557	/	( (66595	+	57299)	/ 2 )
=	-1 * -3557	/	61947
=	5.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62431	+	4164
=	66595

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53154	+	4145
=	57299

Navient's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -3500	/	( (57299	+	55096)	/ 2 )
=	-1 * -3500	/	56197.5
=	6.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53154	+	4145
=	57299

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50783	+	4313
=	55096

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

Navient (NAS:NAVI) Effective Interest Rate on Debt % Explanation

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

Navient Effective Interest Rate on Debt % Related Terms

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Navient (Navient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Navient Corp (NAS:NAVI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

10D:Germany

Address

123 Justison Street, Wilmington, DE, USA, 19801

Website

https://www.navient.com

Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.

Executives

John M Kane	officer: Chief Operating Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Mark L Heleen	officer: EVP & Chief Legal Officer	12061 BLUEMONT WAY, RESTON VA 20190
Stephen M Hauber	officer: SVP, Chief Risk&Compliance Off	123 S JUSTISON STREET, SUITE 300, WILMINGTON DE 19801
Newbury Investors Llc	10 percent owner	135 EAST 57TH STREET, NEW YORK NY 10022
Edward J Bramson	10 percent owner	SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Gp, Llc	10 percent owner	135 EAST 57TH STREET, NEW YORK NY 10022
Stephen Welker	10 percent owner	SHERBORNE INVESTORS MANAGEMENT LP, 135 EAST 57TH STREET, NEW YORK NY 10022
Sherborne Investors Lp	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Gp, Llc	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Sherborne Investors Management Lp	10 percent owner	135 E. 57TH STREET, 32ND FLOOR, NEW YORK NY 10022
Michael A Lawson	director	123 JUSTISON STREET, WILMINGTON DE 19801
Joe Fisher	officer: EVP, CFO & PAO	123 JUSTISON STREET, WILMINGTON DE 19801
Anna Escobedo Cabral	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
John F Remondi	director, officer: Chief Executive Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Ted A Morris	officer: Acting Chief Financial Officer	123 S. JUSTISON STREET, WILMINGTON DE 19801