Sunlands Technology Group (Sunlands Technology Group) Effective Interest Rate on Debt % : 2.08% (As of Dec. 2023)

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What is Sunlands Technology Group 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. Sunlands Technology Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.9 Mil. Sunlands Technology Group's average total debt for the quarter that ended in Dec. 2023 was $43.2 Mil. Therefore, Sunlands Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.08%.

Sunlands Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Sunlands Technology Group'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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Sunlands Technology Group Effective Interest Rate on Debt % Chart

Sunlands Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.50

1.48

1.59

1.66

1.83

Sunlands Technology Group 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 %	Get a 7-Day Free Trial															1.63	1.67	1.90	2.30	2.08

Competitive Comparison of Sunlands Technology Group's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Sunlands Technology Group'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.

Sunlands Technology Group's Effective Interest Rate on Debt % Distribution in the Education Industry

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

* The bar in red indicates where Sunlands Technology Group's Effective Interest Rate on Debt % falls into.

Sunlands Technology Group Effective Interest Rate on Debt % Calculation

Sunlands Technology Group'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 * -1.072	/	( (73.996	+	43.221)	/ 2 )
=	-1 * -1.072	/	58.6085
=	1.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.004	+	7.992
=	73.996

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.684	+	6.537
=	43.221

Sunlands Technology Group'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 * -0.9	/	( (43.229	+	43.221)	/ 2 )
=	-1 * -0.9	/	43.225
=	2.08 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.882	+	6.347
=	43.229

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.684	+	6.537
=	43.221

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.

Sunlands Technology Group (NYSE:STG) Effective Interest Rate on Debt % Explanation

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

Sunlands Technology Group Effective Interest Rate on Debt % Related Terms

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Sunlands Technology Group (Sunlands Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Sunlands Technology Group (NYSE:STG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

S790:Germany

Address

No. 36 Chuangyuan Road, Building 4-6, Chaolai Science Park, Chaoyang District, Beijing, CHN, 100012

Website

https://www.sunlands.com

Sunlands Technology Group is a provider of online post-secondary and professional education services in China. The company offers various degree- and diploma-oriented post-secondary courses through its online platforms. In addition, it provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The Group has one operating segment, which is the provision of online education services.