CURO Group Holdings (CURO Group Holdings) Effective Interest Rate on Debt % : 9.10% (As of Sep. 2023)

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What is CURO Group 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. CURO Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $223.2 Mil. CURO Group Holdings's average total debt for the quarter that ended in Sep. 2023 was $2,453.0 Mil. Therefore, CURO Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 9.10%.

CURO Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for CURO Group 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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CURO Group Holdings Effective Interest Rate on Debt % Chart

CURO Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.10

7.83

6.47

7.84

8.73

CURO Group 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															12.62	8.81	9.59	9.10	11.15

Competitive Comparison of CURO Group Holdings's Effective Interest Rate on Debt %

For the Credit Services subindustry, CURO Group 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.

CURO Group Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

CURO Group Holdings Effective Interest Rate on Debt % Calculation

CURO Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -185.661	/	( (2068.224	+	2670.161)	/ 2 )
=	-1 * -185.661	/	2369.1925
=	7.84 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1088.724	+	979.5
=	2068.224

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1060.734	+	1609.427
=	2670.161

CURO Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -223.192	/	( (2829.457	+	2076.513)	/ 2 )
=	-1 * -223.192	/	2452.985
=	9.10 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1165.944	+	1663.513
=	2829.457

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1178.793	+	897.72
=	2076.513

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

CURO Group Holdings (OTCPK:CUROQ) Effective Interest Rate on Debt % Explanation

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

CURO Group Holdings Effective Interest Rate on Debt % Related Terms

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CURO Group Holdings (CURO Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CURO Group Holdings Corp (OTCPK:CUROQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CGE:Germany

Address

200 W Hubbard Street, 8th Floor, Chicago, IL, USA, 60654

Website

https://www.curo.com

CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.

Executives

Chadwick Heath Faulkner	director, 10 percent owner	30459 MORNING VIEW DRIVE, MALIBU CA 90265
Douglas D Clark	officer: Pres., N. Amer. Direct Lending	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ismail Dawood	officer: Chief Financial Officer	3527 NORTH RIDGE ROAD, WICHITA KS 67205
Robert Hurzeler	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Gary L. Fulk	officer: COO, Direct Lending	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Issac Vaughn	director	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Michael Mcknight	director, 10 percent owner	THE WATERFRONT, CHESNEY HOUSE, 96 PITTS BAY ROAD, PEMBROKE D0 HM 08
Tamara L Schulz	officer: Chief Accounting Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Daniel David Kirsche	officer: Chief Technology Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Peter E Kalen	officer: CEO, Flexiti	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Jillian R Slagter	officer: Chief Human Resources Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ffl Partners, Llc	director, 10 percent owner	ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111-3512
Friedman Fleischer & Lowe Gp Ii, Llc	director, 10 percent owner	C/O FFL PARTNERS, LLC, ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111
Donald Gayhardt	director, officer: See Remarks	DOLLAR FINANCIAL CORP., 1436 LANCASTER AVE., BERWYN PA 19312
William C Baker	officer: See Remarks