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MoneyGram International (MoneyGram International) Effective Interest Rate on Debt % : 7.23% (As of Mar. 2023)


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What is MoneyGram International 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. MoneyGram International's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $60 Mil. MoneyGram International's average total debt for the quarter that ended in Mar. 2023 was $830 Mil. Therefore, MoneyGram International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 7.23%.


MoneyGram International Effective Interest Rate on Debt % Historical Data

The historical data trend for MoneyGram International'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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MoneyGram International Effective Interest Rate on Debt % Chart

MoneyGram International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.93 8.53 10.15 7.90 5.90

MoneyGram International Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 5.18 5.78 5.85 6.83 7.23

Competitive Comparison of MoneyGram International's Effective Interest Rate on Debt %

For the Credit Services subindustry, MoneyGram International'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.


MoneyGram International's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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



MoneyGram International Effective Interest Rate on Debt % Calculation

MoneyGram International'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  *  -49.4/( (843+830.8)/ 2 )
=-1  *  -49.4/836.9
=5.90 %

where

MoneyGram International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -60/( (830.8+829)/ 2 )
=-1  *  -60/829.9
=7.23 %

where

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


MoneyGram International  (NAS:MGI) Effective Interest Rate on Debt % Explanation

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


MoneyGram International Effective Interest Rate on Debt % Related Terms

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MoneyGram International (MoneyGram International) Business Description

Traded in Other Exchanges
N/A
Address
2828 North Harwood Street, 15th Floor, Dallas, TX, USA, 75201
MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries.
Executives
Robert L Villasenor officer: GC, Corp Sec and CAO 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Chris H. Russell officer: Chief Accounting Officer 15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSOTN TX 77032
Julie Silcock director
Adrianna E. Greenwald officer: Chief Readiness Officer 2828 N. HARWOOD ST., 15TH FLOOR, DALLAS TX 75201
Alka Gupta director 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Francisco Lorca director 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Brian Johnson officer: Chief Financial Officer 2828 NORTH HARWOOD ST, 15TH FLOOR, DALLAS TX 75201
Andres Villareal officer: SVP Chief Compliance Officer 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Lawrence Angelilli officer: EVP Chief Financial Officer 2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Peggy Vaughan director 2828 NORTH HARVARD STREET, 15TH FLOOR, DALLAS TX 75201
Grant A. Lines officer: EVP Business Development 2828 NORTH HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
W Bruce Turner director 3773 HOWARD HUGHES PKWY, SUITE 490 SOUTH, LAS VAGAS NV 89109
Michael P Rafferty director 12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
W. Alexander Holmes director, officer: CEO 2828 NORTH HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Antonio O Garza director 500 W. ILLINOIS, SUITE 100, MIDLAND TX 79701