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JOB (GEE Group) Effective Interest Rate on Debt % : 14.47% (As of Jun. 2024)


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What is GEE Group 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. GEE Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.5 Mil. GEE Group's average total debt for the quarter that ended in Jun. 2024 was $3.2 Mil. Therefore, GEE Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 14.47%.


GEE Group Effective Interest Rate on Debt % Historical Data

The historical data trend for GEE Group'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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GEE Group Effective Interest Rate on Debt % Chart

GEE Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.02 16.42 12.17 3.06 9.38

GEE Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 10.97 6.85 7.57 7.77 14.47

Competitive Comparison of GEE Group's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, GEE Group'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.


GEE Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GEE Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



GEE Group Effective Interest Rate on Debt % Calculation

GEE Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.336/( (3.222+3.945)/ 2 )
=-1  *  -0.336/3.5835
=9.38 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.889 + 1.333
=3.222

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.47 + 1.475
=3.945

GEE Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.46/( (3.332+3.028)/ 2 )
=-1  *  -0.46/3.18
=14.47 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.001 + 1.331
=3.332

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.802 + 1.226
=3.028

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


GEE Group  (AMEX:JOB) Effective Interest Rate on Debt % Explanation

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


GEE Group Effective Interest Rate on Debt % Related Terms

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GEE Group Business Description

Industry
Traded in Other Exchanges
N/A
Address
7751 Belfort Parkway, Suite 150, Jacksonville, FL, USA, 32256
GEE Group Inc is a provider of specialized staffing solutions across the United States. The company's operating segment includes Industrial Staffing Services and Professional Staffing Services. It generates maximum revenue from the Professional Staffing Services segment. The company provides the following services, direct hire placement services, temporary professional services staffing in the fields of information technology, accounting, finance and office, engineering, and medical, and temporary light industrial staffing.
Executives
John Randall Waterfield director 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Kim D Thorpe officer: Chief Financial Officer 275 WATER ST, STE 1400, JACKSONVILL FL 32202-1547
Thomas Vetrano director 7751 BELFORT PARKWAY, SUITE 150, JACKSONVILLE FL 32256
Peter J Tanous director
Jyrl James director 7751 BELFORT PARKWAY, SUITE 150,, JACKSONVILLE FL 32256
David Sandberg director 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Derek E Dewan director, officer: CEO 7751 BELFORT PARKWAY, SUITE 150, JACKSONVILLE FL 32256
Darla D Moore director 11 WEST 42ND ST, NEW YORK NY 10036
Matthew E Gormly director 7751 BELFORT PARKWAY, SUITE 150, JACKSONVILLE FL 32256
Stuckey Alexander Preston Alexander director 13500 SUTTON PARK DRIVE SOUTH, SUITE 204, JACKSONVILLE FL 32224
Carl T Camden director 999 WEST BIG BEAVER ROAD, TROY MI 48084
Arthur B Laffer director 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Thomas Charles Williams director 150 TROTTERS RIDGE, FAYETTEVILLE GA 30215
William M Isaac director C/O ASSOCIATES FIRST CAPITAL CORP, 250 E CARPENTER FREEWAY, IRVING TX 75062
George A Bajalia director P.O. BOX 551125, JACKSONVILLE FL 32255