SS&C Technologies Holdings (SS&C Technologies Holdings) Effective Interest Rate on Debt % : 7.19% (As of Dec. 2023)

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What is SS&C Technologies 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. SS&C Technologies Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $503 Mil. SS&C Technologies Holdings's average total debt for the quarter that ended in Dec. 2023 was $6,997 Mil. Therefore, SS&C Technologies Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.19%.

SS&C Technologies Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for SS&C Technologies 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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SS&C Technologies Holdings Effective Interest Rate on Debt % Chart

SS&C Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.20

3.50

3.17

4.61

6.69

SS&C Technologies Holdings 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															5.90	6.14	6.55	6.79	7.19

Competitive Comparison of SS&C Technologies Holdings's Effective Interest Rate on Debt %

For the Software - Application subindustry, SS&C Technologies 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.

SS&C Technologies Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings's Effective Interest Rate on Debt % falls into.

SS&C Technologies Holdings Effective Interest Rate on Debt % Calculation

SS&C Technologies 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 * -476.3	/	( (7316.6	+	6919.1)	/ 2 )
=	-1 * -476.3	/	7117.85
=	6.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7260.9	+	55.7
=	7316.6

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6867.6	+	51.5
=	6919.1

SS&C Technologies 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 * -503.2	/	( (7075.5	+	6919.1)	/ 2 )
=	-1 * -503.2	/	6997.3
=	7.19 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6948.2	+	127.3
=	7075.5

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6867.6	+	51.5
=	6919.1

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.

SS&C Technologies Holdings (NAS:SSNC) Effective Interest Rate on Debt % Explanation

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

SS&C Technologies Holdings Effective Interest Rate on Debt % Related Terms

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SS&C Technologies Holdings (SS&C Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SS&C Technologies Holdings Inc (NAS:SSNC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SSNC:Mexico WGSA:Germany WGSA:Germany

Address

80 Lamberton Road, Windsor, CT, USA, 06095

Website

https://www.ssctech.com

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services but also healthcare firms. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in Virtual Data Room solutions. With its purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services.

Executives

Normand A Boulanger	director, officer: President and COO	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Rahul Kanwar	officer: Senior Vice President	80 LAMBERTON ROAD, WINDSOR CT 06095
Brian N Schell	officer: EVP & CFO	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Patrick J Pedonti	officer: SVP and CFO	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095
Jonathan E Michael	director	C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
William C Stone	director, 10 percent owner, officer: Chairman of the Board & CEO
Jason Douglas White	officer: SVP & General Counsel	588 THE PARKWAY, MAMARONECK NY 10543
Joseph J. Frank	officer: Chief Legal Officer and GC	C/O SS&C TECHNOLOGIES HOLDINGS, INC., 4 TIMES SQUARE, NEW YORK NY 10036
Michael E Daniels	director	TYCO, 9 ROSZEL ROAD, PRINCETON NJ 08540
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708
Michael Jay Zamkow	director	27 KENSINGTON SQUARE, LONDON X0 06095
Paul Gerard Igoe	officer: Sr. VP & General Counsel	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
William A Etherington	director	CANADIAN IMPERIAL BANK OF COMMERCE, 199 BAY STREET - SUITE 4460, TORONTO A6 M5L 1A2
Tc Group Iv, L.p.	10 percent owner	1001 PENNSYLVANIA AVENUE, N.W., SUITE 200 SOUTH, WASHINGTON DC 20004
Whitman Stephen V R	officer: SVP and General Counsel	SS&C TECHNOLOGIES, 80 LAMBERTON RD, WINDSOR CT 06095