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Atlanticus Holdings (Atlanticus Holdings) Effective Interest Rate on Debt % : 6.56% (As of Dec. 2023)


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What is Atlanticus 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. Atlanticus Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $130.5 Mil. Atlanticus Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,989.6 Mil. Therefore, Atlanticus Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.56%.


Atlanticus Holdings Effective Interest Rate on Debt % Historical Data

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

Atlanticus Holdings 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 7.82 5.98 4.61 5.05 5.69

Atlanticus 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 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 5.45 5.39 5.37 5.98 6.56

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

For the Credit Services subindustry, Atlanticus 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.


Atlanticus Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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



Atlanticus Holdings Effective Interest Rate on Debt % Calculation

Atlanticus 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  *  -109.342/( (1817.803+2026.318)/ 2 )
=-1  *  -109.342/1922.0605
=5.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1817.803 + 0
=1817.803

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2026.318 + 0
=2026.318

Atlanticus 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  *  -130.476/( (1952.813+2026.318)/ 2 )
=-1  *  -130.476/1989.5655
=6.56 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1952.813 + 0
=1952.813

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2026.318 + 0
=2026.318

* 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.


Atlanticus Holdings  (NAS:ATLC) Effective Interest Rate on Debt % Explanation

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


Atlanticus Holdings Effective Interest Rate on Debt % Related Terms

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Atlanticus Holdings (Atlanticus Holdings) Business Description

Traded in Other Exchanges
Address
Five Concourse Parkway, Suite 300, Atlanta, GA, USA, 30328
Atlanticus Holdings Corp invests in the financial services industry. It provides various credit and related financial services and products to or associated with the financially underserved consumer credit market. The operating business segments are the Credit as a Service and the Auto Finance segment. It generates maximum revenue from the Credit as a Service segment.
Executives
Deal W Hudson director FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Denise M Harrod director FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
James Dennis H Jr director FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
David G Hanna director, 10 percent owner, officer: CEO & Chairman of the Board FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
William Mccamey officer: CFO and Treasurer FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Mitchell Saunders officer: Chief Accounting Officer FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Thomas G Rosencrants director C/O ATLANTICUS HOLDINGS CORPORATION, FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Mack F Mattingly director C/O ATLANTICUS HOLDINGS CORPORATION, FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Jeffrey A. Howard director, officer: President FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Joann G Jones director FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Kimberly M Hanna 10 percent owner FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Sally R Hanna 10 percent owner FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328
Richard W Gilbert officer: Chief Operating Officer C/O ATLANTICUS HOLDINGS CORP, FIVE CONCOURSE PARKWAY, SUITE 300 GA 30328
Jpmorgan Chase & Co 10 percent owner 383 MADISON AVENUE, NEW YORK NY 10017
Hanna Frank J Iii director, 10 percent owner FIVE CONCOURSE PARKWAY, SUITE 300, ATLANTA GA 30328

Atlanticus Holdings (Atlanticus Holdings) Headlines