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. Stem's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $19.6 Mil. Stem's average total debt for the quarter that ended in Dec. 2023 was $535.6 Mil. Therefore, Stem's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.65%.
Stem Effective Interest Rate on Debt % Historical Data
The historical data trend for Stem'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.
|
Stem Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
|
- |
19.58 |
7.94 |
2.63 |
3.00 |
|
Stem Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Effective Interest Rate on Debt % |
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|
|
|
|
|
|
|
|
|
|
1.77 |
1.54 |
3.13 |
3.30 |
3.65 |
Competitive Comparison
For the Software - Infrastructure subindustry, Stem'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.
Stem Effective Interest Rate on Debt % Distribution
For the Software industry and Technology sector, Stem's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Stem's Effective Interest Rate on Debt % falls into.
Stem Effective Interest Rate on Debt % Calculation
Stem'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 * -14.977 | / | ( (463.048 | + | 537.038) | / 2 ) |
| = | -1 * -14.977 | / | 500.043 |
| = | 3.00 % |
where
Stem'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 * -19.568 | / | ( (534.213 | + | 537.038) | / 2 ) |
| = | -1 * -19.568 | / | 535.6255 |
| = | 3.65 % |
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 (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Stem (STEM) Business Description
Traded in Other Exchanges
Address
100 California Street, 14th Floor, San Francisco, CA, USA, 94111
Stem is a provider of energy storage systems. The company bundles third-party hardware with its proprietary Athena software to provide customers a turnkey solution. Stem sells its solutions to commercial and industrial customers as well as independent power producers and renewable developers. Its solutions help customers maximize renewable energy generation and help build a cleaner and more resilient grid. In 2022, the company acquired AlsoEnergy, a provider of solar asset management software.
Executives
| Rahul Shukla |
officer: Chief Accounting Officer |
100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
| Michael James Carlson |
officer: Chief Operating Officer |
100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
| David S Buzby |
director |
|
| Alan Russo |
officer: Chief Revenue Officer |
100 ROLLINS ROAD, MILLBRAE CA 94030 |
| Matthew Tappin |
officer: President, Asset Management |
100 CALIFORNIA STREET, 14TH FLOOR, SAN FRANCISCO CA 94111 |
| Lisa L Troe |
director |
12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094 |
| Saul R. Laureles |
officer: Chief Legal Officer |
5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056 |
| John Eugene Carrington |
director, officer: CEO and Director |
350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
| William John Bush |
officer: Chief Financial Officer |
539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107 |
| Kim Homenock |
officer: Chief People Officer |
100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
| Robert Schaefer |
officer: President, AlsoEnergy |
100 CALIFORNIA STREET, SAN FRANCISCO CA 94111 |
| Larsh Johnson |
officer: Chief Technical Officer |
100 ROLLINS RD, MILLBRAE CA 94030 |
| Prakesh Patel |
officer: Chief Strategy Officer |
100 ROLLINS ROAD, MILLBRAE CA 94030 |
| Adam Daley |
director |
C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201 |
| Anil Tammineedi |
director |
100 ROLLINS RD, MILLBRAE CA 94030 |
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