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CPSS (Consumer Portfolio Services) Effective Interest Rate on Debt % : 6.62% (As of Sep. 2024)


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What is Consumer Portfolio Services 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. Consumer Portfolio Services's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $200.2 Mil. Consumer Portfolio Services's average total debt for the quarter that ended in Sep. 2024 was $3,022.4 Mil. Therefore, Consumer Portfolio Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 6.62%.


Consumer Portfolio Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Consumer Portfolio Services'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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Consumer Portfolio Services Effective Interest Rate on Debt % Chart

Consumer Portfolio Services 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 4.86 4.76 3.84 3.97 5.82

Consumer Portfolio Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.95 6.29 6.44 6.69 6.62

Competitive Comparison of Consumer Portfolio Services's Effective Interest Rate on Debt %

For the Credit Services subindustry, Consumer Portfolio Services'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.


Consumer Portfolio Services's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

* The bar in red indicates where Consumer Portfolio Services's Effective Interest Rate on Debt % falls into.



Consumer Portfolio Services Effective Interest Rate on Debt % Calculation

Consumer Portfolio Services'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  *  -146.631/( (2468.958+2566.534)/ 2 )
=-1  *  -146.631/2517.746
=5.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2183.63 + 285.328
=2468.958

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2332.509 + 234.025
=2566.534

Consumer Portfolio Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -200.224/( (2939.835+3104.975)/ 2 )
=-1  *  -200.224/3022.405
=6.62 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2857.66 + 82.175
=2939.835

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2999.192 + 105.783
=3104.975

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Consumer Portfolio Services  (NAS:CPSS) Effective Interest Rate on Debt % Explanation

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


Consumer Portfolio Services Effective Interest Rate on Debt % Related Terms

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Consumer Portfolio Services Business Description

Traded in Other Exchanges
Address
3800 Howard Hughes Parkway, Las Vegas, NV, USA, 89169
Consumer Portfolio Services Inc is a U.S.-based company operating in the specialty finance sector. Its business is to purchase and service retail automobile contracts originated by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers having limited credit histories, low incomes, or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers.
Executives
William B Roberts director 126 EAST 56TH STREET, TOWER 56 12TH FLOOR, NEW YORK NY 10022
April Crisp officer: Sr. Vice President 19500 JAMBOREE RD, STE 600, IRVINE CA 92610
Daniel S Wood director
Chris Terry officer: Sr. Vice President
Greg Washer director 3187 PULLMAN STREET, COSTA MESA CA 92618
Denesh Bharwani officer: Sr. Vice President 19500 JAMBOREE ROAD, IRVINE CA 92612
John Patrick Harton officer: Sr. Vice President 19500 JAMBOREE ROAD, IRVINE CA 92612
Bradley Charles E Jr director, officer: CEO and President 2 ADA, IRVINE CA 92618
Susan Ryan officer: Sr. Vice President 3800 HOWARD HUGHES PARKWAY, SUITE 1400, LAS VEGAS NV 89169
Charles E. Gonel officer: Sr. Vice President 3800 HOWARD HUGHES PARKWAY, SUITE 1400, LAS VEGAS NV 86169
Michele L Baumeister officer: Sr. Vice President 19500 JAMBOREE RD, SUITE 600, IRVINE CA 92612
Lisette Reynoso officer: Sr. Vice President 19500 JAMBOREE RD., IRVINE CA 92612
Steven Howard Schween officer: Sr. Vice President 3800 HOWARD HUGHES PARKWAY, SUITE 1400, LAS VEGAS CA 89169
Catrina Marie Ralston officer: Sr. Vice President 3800 HOWARD HUGHES PARKWAY, SUITE 1400, LAS VEGAS NV 89169
Jeffrey P Fritz officer: SVP & CFO 16355 LAGUNA CANYON ROAD, IRVINE CA 92618