Stellus Capital Investment (Stellus Capital Investment) Effective Interest Rate on Debt % : 5.52% (As of Dec. 2023)

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What is Stellus Capital Investment 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. Stellus Capital Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31.90 Mil. Stellus Capital Investment's average total debt for the quarter that ended in Dec. 2023 was $577.93 Mil. Therefore, Stellus Capital Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.52%.

Stellus Capital Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Stellus Capital Investment'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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Stellus Capital Investment Effective Interest Rate on Debt % Chart

Stellus Capital Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.55

4.20

4.11

4.36

5.43

Stellus Capital Investment 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															5.07	5.22	5.49	5.56	5.52

Competitive Comparison of Stellus Capital Investment's Effective Interest Rate on Debt %

For the Asset Management subindustry, Stellus Capital Investment'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.

Stellus Capital Investment's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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

Stellus Capital Investment Effective Interest Rate on Debt % Calculation

Stellus Capital Investment'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 * -32.011	/	( (604.13	+	575.835)	/ 2 )
=	-1 * -32.011	/	589.9825
=	5.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	604.13	+	0
=	604.13

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	575.835	+	0
=	575.835

Stellus Capital Investment'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 * -31.896	/	( (580.032	+	575.835)	/ 2 )
=	-1 * -31.896	/	577.9335
=	5.52 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	580.032	+	0
=	580.032

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	575.835	+	0
=	575.835

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.

Stellus Capital Investment (NYSE:SCM) Effective Interest Rate on Debt % Explanation

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

Stellus Capital Investment Effective Interest Rate on Debt % Related Terms

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Stellus Capital Investment (Stellus Capital Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Stellus Capital Investment Corp (NYSE:SCM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GO0:Germany

Address

4400 Post Oak Parkway, Suite 2200, Houston, TX, USA, 77027

Website

https://www.stelluscapital.com

Stellus Capital Investment Corp is a closed-end, non-diversified management investment company. Its objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. It invests through a first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The company invests in various sectors, such as business services, energy, general industrial, government services, healthcare, software, and specialty finance. Business activity of the firm is functioned through the United States and it generates revenue in the form of interest income on debt investments and capital gains and distributions.

Executives

Bruce R Bilger	director	C/O STELLUS CAPITAL, 10000 MEMORIAL DRIVE, SUITE 500, HOUSTON TX 77024
Robert T. Ladd	director, officer: President and CEO	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Dean D'angelo	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
J Tim Arnoult	director	100 NORTH TRYON STREET, NC1-007-52-10, CHARLOTTE NC 28255
Joshua T. Davis	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
W. Todd Huskinson	officer: CFO & Chief Compliance Officer	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Robert Ladd	director, officer: President and CEO	C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019
Paul Keglevic	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Dc Funding Spv 2, L.l.c.	10 percent owner, other: See Footnotes 1 and 2	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p.	10 percent owner, other: See Footnotes 1 and 2	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
David E Shaw	10 percent owner, other: See Footnotes 1 and 2	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw Direct Capital, L.l.c.	10 percent owner, other: See Footnotes 1 and 2	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
William C Repko	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024