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Sterling Infrastructure (Sterling Infrastructure) Effective Interest Rate on Debt % : 6.69% (As of Dec. 2023)


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What is Sterling Infrastructure 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. 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%.


Sterling Infrastructure Effective Interest Rate on Debt % Historical Data

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.

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Sterling Infrastructure Effective Interest Rate on Debt % Chart

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 Premium Member Only Premium Member Only 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 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 5.12 6.31 6.96 6.90 6.69

Competitive Comparison of Sterling Infrastructure's Effective Interest Rate on Debt %

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.


Sterling Infrastructure's Effective Interest Rate on Debt % Distribution in the Construction Industry

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 Effective Interest Rate on Debt % Calculation

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.


Sterling Infrastructure Effective Interest Rate on Debt % Related Terms

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Sterling Infrastructure (Sterling Infrastructure) Business Description

Traded in Other Exchanges
Address
1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .
Executives
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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