FirstCash Holdings (FirstCash Holdings) Effective Interest Rate on Debt %

: 5.57% (As of Dec. 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. FirstCash Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $106 Mil. FirstCash Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,911 Mil. Therefore, FirstCash Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.57%.

FirstCash Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for FirstCash 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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FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.53

3.24

2.61

4.34

5.19

FirstCash 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 %																4.79	5.05	5.04	5.48	5.57

Competitive Comparison

For the Credit Services subindustry, FirstCash 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.

FirstCash Holdings Effective Interest Rate on Debt % Distribution

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

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

FirstCash Holdings Effective Interest Rate on Debt % Calculation

FirstCash 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 * -93.243	/	( (1670.757	+	1923.094)	/ 2 )
=	-1 * -93.243	/	1796.9255
=	5.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1577.813	+	92.944
=	1670.757

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1821.132	+	101.962
=	1923.094

FirstCash 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 * -106.344	/	( (1898.641	+	1923.094)	/ 2 )
=	-1 * -106.344	/	1910.8675
=	5.57 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1799.896	+	98.745
=	1898.641

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1821.132	+	101.962
=	1923.094

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.

FirstCash Holdings (NAS:FCFS) Effective Interest Rate on Debt % Explanation

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

FirstCash Holdings Effective Interest Rate on Debt % Related Terms

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FirstCash Holdings (FirstCash Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (NAS:FCFS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FF60:Germany

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

Executives

R Douglas Orr	officer: EVP & Chief Financial Officer	1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel	director, 10 percent owner	8425 MYSTIC LAKES, MAIZE KS 67101
Randel G Owen	director	C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
Howard F Hambleton	officer: AFF President	1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos	officer: SVP Latin American Operations	1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves	director	ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis	director	1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc.	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett	director	1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner	director	180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan	director	CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart	officer: President and COO	1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado	officer: General Counsel	1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce	director	801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102