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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. Sterling Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $27 Mil. Sterling Infrastructure's average total debt for the quarter that ended in Dec. 2023 was $407 Mil. Therefore, Sterling Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.69%.
The historical data trend for Sterling Infrastructure'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.
Sterling Infrastructure Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 6.31 | 7.05 | 4.51 | 4.28 | 6.59 |
Sterling Infrastructure 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 | 5.12 | 6.31 | 6.96 | 6.90 | 6.69 |
For the Engineering & Construction subindustry, Sterling Infrastructure'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.
For the Construction industry and Industrials sector, Sterling Infrastructure's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Sterling Infrastructure's Effective Interest Rate on Debt % falls into.
Sterling Infrastructure'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 * -29.32 | / | ( (491.163 | + | 398.879) | / 2 ) |
= | -1 * -29.32 | / | 445.021 | |||
= | 6.59 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 438.838 | + | 52.325 |
= | 491.163 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 352.718 | + | 46.161 |
= | 398.879 |
Sterling Infrastructure'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 * -27.216 | / | ( (415.338 | + | 398.879) | / 2 ) |
= | -1 * -27.216 | / | 407.1085 | |||
= | 6.69 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 361.793 | + | 53.545 |
= | 415.338 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 352.718 | + | 46.161 |
= | 398.879 |
* 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.
Sterling Infrastructure (NAS:STRL) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Sterling Infrastructure's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ronald A Ballschmiede | officer: EVP & CFO | 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380 |
Mark D. Wolf | officer: General Counsel, Corporate Sec | 770 SOUTH POST OAK LANE, SUITE 405, C/O U.S. WELL SERVICES, INC., HOUSTON TX 77056 |
Joseph A Cutillo | officer: Chief Executive Officer | 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380 |
Julie Dill | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Dwayne Andree Wilson | director | 6700 LAS COLINAS BOULEVARD, IRVING TX 75039 |
Roger A Cregg | director | 100 BLOOMFIELD HILL PARKWAY, STE 300, BLOOMFIELD HILLS MI 48304 |
Raymond F Messer | director | 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380 |
Dana C. O'brien | director | 1111 LOUISIANA STREET, HOUSTON TX 77002 |
Thomas M White | director | C/O APOLLO MANAGEMENT, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Marian M Davenport | director | 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380 |
Milton L Scott | director | |
Charles R. Patton | director | 1 RIVERSIDE PLAZA, COLUMBUS OH 43215 |
Richard O Schaum | director | 388 WARREN COURT, BIRMINGHAM MI 48009 |
Craig B Allen | officer: SVP & CHRO/CCO | 1800 HUGHES LANDING BLVD, STE 250, THE WOODLANDS TX 77380 |
Wadsworth Con L | officer: EVP & Chief Operating Officer | 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380 |
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