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Conn's (Conn's) Effective Interest Rate on Debt %

: 8.15% (As of Oct. 2023)
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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. Conn's's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $90 Mil. Conn's's average total debt for the quarter that ended in Oct. 2023 was $1,102 Mil. Therefore, Conn's's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 8.15%.


Conn's Effective Interest Rate on Debt % Historical Data

The historical data trend for Conn's'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.

* Premium members only.

Conn's Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.13 5.04 4.20 2.69 3.82

Conn's 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 % 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 Premium Member Only Premium Member Only Premium Member Only 4.70 5.25 6.41 6.45 8.15

Competitive Comparison

For the Specialty Retail subindustry, Conn's'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.


Conn's Effective Interest Rate on Debt % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Conn's's Effective Interest Rate on Debt % distribution charts can be found below:

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



Conn's Effective Interest Rate on Debt % Calculation

Conn's'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  *  -36.891/( (908.011+1021.333)/ 2 )
=-1  *  -36.891/964.672
=3.82 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=852.588 + 55.423
=908.011

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=967.188 + 54.145
=1021.333

Conn's'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  *  -89.792/( (1058.937+1145.24)/ 2 )
=-1  *  -89.792/1102.0885
=8.15 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=989.604 + 69.333
=1058.937

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1077.003 + 68.237
=1145.24

* 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.


Conn's  (NAS:CONN) Effective Interest Rate on Debt % Explanation

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


Conn's Effective Interest Rate on Debt % Related Terms

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Conn's (Conn's) Business Description

Industry
Traded in Other Exchanges
Address
2445 Technology Forest Boulevard, Suite 800, The Woodlands, TX, USA, 77381
Conn's Inc is a United-States-based specialty retailer engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit-constrained consumers based on customer risk and income level. A material portion of the company's customers finances purchases through its credit segment. The company focuses its business on the U.S. and generates its revenue from the retail segment.
Executives
Stephens Group, Llc 10 percent owner 100 RIVER BLUFF DRIVE, SUITE 500, LITTLE ROCK AR 72202
Ann B Gugino director 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Timothy P Santo officer: Chief Accounting Officer 2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
Karen Hartje director 251 1ST AVENUE N, SUITE 200, MINNEAPOLIS MN 55401-1672
Douglas H Martin director, 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Paula W. & John P. Calhoun Family Trust - Wmas 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Warren Miles Amerine Stephens Family Trust One 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Brian Daly officer: Chief Human Resources Officer 4055 TECHNOLOGY FOREST BLVD., STE. 210, THE WOODLANDS TX 77381
Warren A Stephens 10 percent owner 111 CENTER STREET, LITTLE ROCK AR 72201
Harriet C Stephens 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Was Family Trust Five 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Stephens Warren A Trust Uid 9/30/87 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Thomas John Fenton officer: Chief Credit Officer 2445 TECHNOLOGY FOREST BLVD., SUITE 800, THE WOODLANDS TX 77381
Warren Miles Stephens 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
John Calhoun Stephens 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201