OneMain Holdings (FRA:0S1) Effective Interest Rate on Debt % : 5.64% (As of Mar. 2024)

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What is OneMain 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. OneMain Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €1,019 Mil. OneMain Holdings's average total debt for the quarter that ended in Mar. 2024 was €18,063 Mil. Therefore, OneMain Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.64%.

OneMain Holdings Effective Interest Rate on Debt % Historical Data

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

OneMain Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.06

5.61

5.47

5.11

5.28

OneMain Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.21	5.19	5.51	5.39	5.64

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

For the Credit Services subindustry, OneMain 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.

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

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

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

OneMain Holdings Effective Interest Rate on Debt % Calculation

OneMain 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 * -934.423	/	( (17257.264	+	18168.521)	/ 2 )
=	-1 * -934.423	/	17712.8925
=	5.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17257.264	+	0
=	17257.264

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18168.521	+	0
=	18168.521

OneMain Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1019.36	/	( (18168.521	+	17958.4)	/ 2 )
=	-1 * -1019.36	/	18063.4605
=	5.64 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18168.521	+	0
=	18168.521

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17958.4	+	0
=	17958.4

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

OneMain Holdings (FRA:0S1) Effective Interest Rate on Debt % Explanation

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

OneMain Holdings Effective Interest Rate on Debt % Related Terms

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OneMain Holdings (FRA:0S1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OneMain Holdings Inc (FRA:0S1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OMF:USA 0S1:Germany

Address

601 N.W. Second Street, Evansville, IN, USA, 47708

Website

https://www.omf.com

OneMain Holdings is engaged in nonprime consumer finance companies in the United States and one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has a significant online business. The main source of revenue is net interest income.

OneMain Holdings (FRA:0S1) Headlines

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