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Stewart Information Services (Stewart Information Services) Effective Interest Rate on Debt % : 3.40% (As of Dec. 2023)


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What is Stewart Information Services 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. Stewart Information Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $20 Mil. Stewart Information Services's average total debt for the quarter that ended in Dec. 2023 was $584 Mil. Therefore, Stewart Information Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.40%.


Stewart Information Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Stewart Information Services'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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Stewart Information Services Effective Interest Rate on Debt % Chart

Stewart Information Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.61 1.18 1.18 3.00 3.36

Stewart Information Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.27 3.29 3.43 3.40 3.49

Competitive Comparison of Stewart Information Services's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Stewart Information Services'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.


Stewart Information Services's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Stewart Information Services's Effective Interest Rate on Debt % distribution charts can be found below:

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



Stewart Information Services Effective Interest Rate on Debt % Calculation

Stewart Information Services'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  *  -19.737/( (595.009+580.944)/ 2 )
=-1  *  -19.737/587.9765
=3.36 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=595.009 + 0
=595.009

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=580.944 + 0
=580.944

Stewart Information Services'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  *  -19.84/( (587.202+580.944)/ 2 )
=-1  *  -19.84/584.073
=3.40 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=587.202 + 0
=587.202

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=580.944 + 0
=580.944

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


Stewart Information Services  (NYSE:STC) Effective Interest Rate on Debt % Explanation

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


Stewart Information Services Effective Interest Rate on Debt % Related Terms

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Stewart Information Services (Stewart Information Services) Business Description

Traded in Other Exchanges
Address
1360 Post Oak Boulevard, Suite 100, Houston, TX, USA, 77056
Stewart Information Services Corp is a customer-focused, title insurance and real estate services company offering products and services to home buyers and sellers, mortgage lenders and servicers, attorneys, and home builders. It has three operating segments; Title insurance and related services include the functions of searching, examining, closing, and insuring the condition of the title to real property. It also includes home and personal insurance services, Real estate solutions segment supports the real estate mortgage industry by providing appraisal management services, online notarization and closing solutions, credit, and real estate information services, search and valuation services, and Corporate and Other segment is comprised of the parent holding company.
Executives
Helen Vaid director 600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654
Frederick H Eppinger director THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN ST, WORCESTER MA 01653
Bradley C Allen Jr director AMERISAFE INC, 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Elizabeth Giddens officer: Chief Legal Officer; Secretary 10000 WEHRLE DRIVE, CLARENCE NY 14031
Hamm John Earl Jr. officer: EVP, Chief Information Officer 1360 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Steven Mark Lessack officer: Group President 1980 POST OAK BLVD., #800, HOUSTON TX 77056
Matthew Morris director, officer: Chief Executive Officer 1905 SHARP PL, HOUSTON TX 77019
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Deborah Jane Matz director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Emily Kain officer: Chief Human Resource Officer C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100, MC-14-1, HOUSTON TX 77056
Glenn C Christenson director 2411 W SAHARA AVENUE, LAS VEGAS NV 89102
James M Chadwick director C/O IMPERIAL HOLDINGS, INC., 701 PARK OF COMMERCE BLVD., #301, BOCA RATON FL 33487
Tara Smith officer: Group President STEWART INFORMATION SERVICES CORP., 1980 POST OAK BLVD., SUITE 710, HOUSTON TX 77056
Clifford Press director 152 WEST 57TH STREET, NEW YORK NY 10019
Robert Clarke director 711 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002-2781