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Strategic Education (Strategic Education) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Strategic Education 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. Strategic Education's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0 Mil. Strategic Education's average total debt for the quarter that ended in Mar. 2024 was $207 Mil. Therefore, Strategic Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Strategic Education Effective Interest Rate on Debt % Historical Data

The historical data trend for Strategic Education'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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Strategic Education Effective Interest Rate on Debt % Chart

Strategic Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
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Strategic Education Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Strategic Education's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Strategic Education'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.


Strategic Education's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Strategic Education's Effective Interest Rate on Debt % distribution charts can be found below:

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



Strategic Education Effective Interest Rate on Debt % Calculation

Strategic Education'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  *  0/( (259.281+213.325)/ 2 )
=-1  *  0/236.303
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=235.402 + 23.879
=259.281

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.135 + 24.19
=213.325

Strategic Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (213.325+200.922)/ 2 )
=-1  *  0/207.1235
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.135 + 24.19
=213.325

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=177.606 + 23.316
=200.922

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Strategic Education  (NAS:STRA) Effective Interest Rate on Debt % Explanation

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


Strategic Education Effective Interest Rate on Debt % Related Terms

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Strategic Education (Strategic Education) Business Description

Traded in Other Exchanges
Address
2303 Dulles Station Boulevard, Herndon, VA, USA, 20171
Strategic Education Inc. is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. The company operates through wholly-owned subsidiaries Strayer University and Capella University, both accredited post-secondary institutions of higher education located in the United States, as well as Torrens University, an accredited post-secondary institution of higher education located in Australia. It provide employees with access to affordable and industry relevant training, certificate, and degree programs.
Executives
Viet D Dinh director GEORGETOWN UNIVERSITY LAW CENTER, 600 NEW JERSEY AVENUE NW, WASHINGTON DC 20001
Robert R Grusky director C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Raymond Karl Mcdonnell officer: President and COO C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Daniel Wayne Jackson officer: Vice President - Operations C/O STRAYER EDUCATION INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Michael Thawley director C/O STRATEGIC EDUCATION, INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Robert S Silberman director, officer: Chairman & CEO C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Michael A. Mcrobbie director C/O STRATEGIC EDUCATION, INC., 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
William J Slocum director C/O INCLUSIVE CAPITAL PARTNERS, L.P., 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Tal Darmon officer: Chief Accounting Officer 650 SOUTH EXETER STREET, BALTIMORE MD 21202
Jerry Lavell Johnson director 512 HERNDON PARKWAY, SUITE A, HERNDON VA 20170
Casteen John T Iii director 301 S. COLLEGE STREET, 30TH FLOOR, NC0630, CHARLOTTE NC 28288-0630
J Kevin Gilligan director, officer: Executive Vice Chairman P O BOX 1441, MINNEAPOLIS MN 55440-1441
Andrew E Watt officer: Chief Operating Officer 225 SOUTH SIXTH STREET, 9TH FLOOR, MINNEAPOLIS MN 55402
Lizette Benedi Herraiz officer: SVP and General Counsel 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Thomas J Aprahamian officer: Chief Accounting Officer 2303 DULLES STATION BOULEVARD, HERNDON VA 20171