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Streamline Health Solutions (Streamline Health Solutions) Effective Interest Rate on Debt % : 11.02% (As of Oct. 2023)


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What is Streamline Health Solutions 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. Streamline Health Solutions's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $1.06 Mil. Streamline Health Solutions's average total debt for the quarter that ended in Oct. 2023 was $9.65 Mil. Therefore, Streamline Health Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 11.02%.


Streamline Health Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Streamline Health Solutions'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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Streamline Health Solutions Effective Interest Rate on Debt % Chart

Streamline Health Solutions Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.09 7.90 1.55 3.67 7.53

Streamline Health Solutions Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 7.92 9.35 10.24 11.16 11.02

Competitive Comparison of Streamline Health Solutions's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Streamline Health Solutions'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.


Streamline Health Solutions's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Streamline Health Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Streamline Health Solutions Effective Interest Rate on Debt % Calculation

Streamline Health Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -0.749/( (10.141+9.749)/ 2 )
=-1  *  -0.749/9.945
=7.53 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.687 + 0.454
=10.141

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.964 + 0.785
=9.749

Streamline Health Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -1.064/( (9.517+9.792)/ 2 )
=-1  *  -1.064/9.6545
=11.02 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.542 + 1.25
=9.792

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


Streamline Health Solutions  (NAS:STRM) Effective Interest Rate on Debt % Explanation

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


Streamline Health Solutions Effective Interest Rate on Debt % Related Terms

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Streamline Health Solutions (Streamline Health Solutions) Business Description

Traded in Other Exchanges
Address
2400 Old Milton Parkway, Box 1353, Alpharetta, GA, USA, 30009
Streamline Health Solutions Inc provides transformational data-driven solutions for healthcare organizations. It provides computer software-based solutions through its looking glass platform. Its solutions include coding and CDI, coding audit, and financial management solutions. It offers various services, such as custom integration services, training services, electronic image conversion and database monitoring services. It sells its solutions and services in North America to hospitals and health systems, including physician practices, through its direct sales force and its reseller partnerships.
Executives
Reeves Bryant J Iii officer: Interim CFO 2400 OLD MILTON PARKWAY, BOX 1353, ALPHARETTA GA 30009
Benjamin Louis Stilwill officer: President 4512 BAKER STREET, PHILADELPHIA PA 19127
Kenan Lucas director C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Wendy L Lucio officer: Chief People Officer 101 ABBY LANE, CARROLLTON GA 30117
Tamarack Global Healthcare Fund Qp, L.p. other: Member of a group 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
David Driscoll officer: SVP & Chief Revenue Officer 1175 PEACHTREE STREET NE, 10TH FLOOR, ATLANTA GA 30361
Raymond J Harbert 10 percent owner 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Tamarack Capital Gp, Llc 10 percent owner 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Advisers, Lp 10 percent owner 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Capital Management, Llc 10 percent owner 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Tamarack Global Healthcare Fund, L.p. 10 percent owner 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Justin John Ferayorni 10 percent owner 5050 AVENIDA ENCINAS, SUITE 360, CARLSBAD CA 92008
Judith Starkey director 1327 PEACHTREE STREET, UNIT 803, ATLANTA GA 30309
Jonathan R Phillips director 792 CHATHAM AVENUE, ELMHURST IL 60126
Green Wyche T Iii director P.O. BOX 1510, FRANKLIN GA 30217