SWK Holdings (SWK Holdings) Effective Interest Rate on Debt % : 13.86% (As of Dec. 2023)

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What is SWK Holdings 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. SWK Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.51 Mil. SWK Holdings's average total debt for the quarter that ended in Dec. 2023 was $32.57 Mil. Therefore, SWK Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.86%.

SWK Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for SWK Holdings'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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SWK Holdings Effective Interest Rate on Debt % Chart

SWK Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.87

6.36

27.72

8.11

SWK Holdings 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															16.03	11.26	13.85	3.20	13.86

Competitive Comparison of SWK Holdings's Effective Interest Rate on Debt %

For the Asset Management subindustry, SWK Holdings'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.

SWK Holdings's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SWK Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

SWK Holdings Effective Interest Rate on Debt % Calculation

SWK Holdings'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 * -1.849	/	( (2.445	+	43.131)	/ 2 )
=	-1 * -1.849	/	22.788
=	8.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.445
=	2.445

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.131	+	0
=	43.131

SWK Holdings'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 * -4.512	/	( (22	+	43.131)	/ 2 )
=	-1 * -4.512	/	32.5655
=	13.86 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	22
=	22

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.131	+	0
=	43.131

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.

SWK Holdings (NAS:SWKH) Effective Interest Rate on Debt % Explanation

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

SWK Holdings Effective Interest Rate on Debt % Related Terms

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SWK Holdings (SWK Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SWK Holdings Corp (NAS:SWKH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14755 Preston Road, Suite 105, Dallas, TX, USA, 75254

Website

https://www.swkhold.com

SWK Holdings Corp is a healthcare capital provider. The company offers financing solutions to various life science companies, institutions, and inventors. It involves monetizing cash flow streams derived from commercial-stage products and related intellectual property through royalty purchases and financings, as well as through the creation of synthetic revenue interests in commercialized products. Through its wholly-owned subsidiary, it also provides non-discretionary investment advisory services to institutional clients. The company's operating segments are Finance Receivables and Pharmaceutical Development Services. It generates maximum revenue from the Finance Receivables segment.

Executives

Jerry Albright	director	C/O SWK HOLDINGS CORP, 14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Yvette M Heinrichson	officer: Chief Financial Officer	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Staggs Joe David Jr	officer: PRESIDENT	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Marcus Edward Pennington	director	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Wendy F Dicicco	director
Robert K. Hatcher	director	2929 ALLEN PARKWAY, SUITE 3000, HOUSTON TX 77019
Laurie L. Dotter	director	3615 WEST LAWTHER DRIVE, DALLAS TX 75214
Black Winston L Iii	officer: Chief Executive Officer	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Fletcher Aaron G.l.	director	40 GUEST STREET, BOSTON MA 02135
Carlson Capital L P	director, 10 percent owner, other: See Remarks	2100 MCKINNEY AVE, STE 1900, DALLAS TX 75201
Dana Blair Baker	director	200 CRESCENT COURT, SUITE 1450, DALLAS TX 75201
James Brett Pope	director, officer: CEO	4020 SAHARA CT., CARROLLTON TX 75010
Edward B Stead	director	14755 PRESTON ROAD, SUITE 105, DALLAS TX 75254
Christopher W Haga	director	PO BOX 10809, DAYTONA BEACH FL 32120
Black Diamond Offshore Ltd.	director, 10 percent owner, other: See Remarks	CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, GRAND CAYMAN E9 KY1-1205