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STORE Capital (STORE Capital) Effective Interest Rate on Debt % : 3.86% (As of Sep. 2022)


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What is STORE Capital 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. STORE Capital's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $185.4 Mil. STORE Capital's average total debt for the quarter that ended in Sep. 2022 was $4,800.9 Mil. Therefore, STORE Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 3.86%.


STORE Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for STORE Capital'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.

* Premium members only.

STORE Capital Effective Interest Rate on Debt % Chart

STORE Capital Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.87 4.56 4.74 4.36 3.95

STORE Capital Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 4.00 3.91 3.73 3.69 3.86

Competitive Comparison of STORE Capital's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, STORE Capital'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.


STORE Capital's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, STORE Capital's Effective Interest Rate on Debt % distribution charts can be found below:

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



STORE Capital Effective Interest Rate on Debt % Calculation

STORE Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -160.854/( (3761.563+4376.158)/ 2 )
=-1  *  -160.854/4068.8605
=3.95 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3761.563 + 0
=3761.563

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4246.158 + 130
=4376.158

STORE Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  -185.384/( (4715.902+4885.893)/ 2 )
=-1  *  -185.384/4800.8975
=3.86 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4670.902 + 45
=4715.902

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4662.893 + 223
=4885.893

* 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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


STORE Capital  (NYSE:STOR) Effective Interest Rate on Debt % Explanation

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


STORE Capital Effective Interest Rate on Debt % Related Terms

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STORE Capital (STORE Capital) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8377 East Hartford Drive, Suite 100, Scottsdale, AZ, USA, 85255
STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE's revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE's total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE's investments as well.
Executives
Ashley A. Dembowski officer: SVP - Chief Accounting Officer 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Alexander Mcelyea officer: EVP Data Analytics 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David Michael Edwards director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Lori Markson officer: EVP - Portfolio Operations 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Jawad A Ahsan director 17800 N 85TH ST, SCOTTSDALE AZ 85255
Sherry L Rexroad officer: CFO, EVP and Treasurer 2 BAYBERRY CIRCLE, AMBLER PA 19002
Joseph M Donovan director 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Tyler Maertz officer: EVP - Acquisitions 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Craig Barnett officer: EVP-Underwriting Portfolio Mgt 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Catherine F. Long officer: CFO, EVP and Treasurer 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Tawn Kelley director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher H Volk director, officer: President and CEO 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
William Franklin Hipp director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Chad Allen Freed officer: EVP GC CCO & Sec. 8377 E. HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Mary Fedewa officer: EVP - Acquisitions 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255