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NewStar Financial (NewStar Financial) Effective Interest Rate on Debt % : 5.48% (As of Sep. 2017)


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What is NewStar Financial 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. NewStar Financial's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was $172.6 Mil. NewStar Financial's average total debt for the quarter that ended in Sep. 2017 was $3,147.7 Mil. Therefore, NewStar Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 was 5.48%.


NewStar Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for NewStar Financial'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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NewStar Financial Effective Interest Rate on Debt % Chart

NewStar Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.60 2.76 3.12 4.56 4.97

NewStar Financial Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 4.82 5.21 5.15 5.37 5.48

Competitive Comparison of NewStar Financial's Effective Interest Rate on Debt %

For the Credit Services subindustry, NewStar Financial'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.


NewStar Financial's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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



NewStar Financial Effective Interest Rate on Debt % Calculation

NewStar Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2015 )+Total Debt  (A: Dec. 2016 ))/ count )
=-1  *  -161.345/( (3235.867+3255.866)/ 2 )
=-1  *  -161.345/3245.8665
=4.97 %

where

Total Debt  (A: Dec. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3235.867 + 0
=3235.867

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3255.866 + 0
=3255.866

NewStar Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2017 )+Total Debt  (Q: Sep. 2017 ))/ count )
=-1  *  -172.58/( (3113.51+3181.883)/ 2 )
=-1  *  -172.58/3147.6965
=5.48 %

where

Total Debt  (Q: Jun. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3113.51 + 0
=3113.51

Total Debt  (Q: Sep. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3181.883 + 0
=3181.883

* 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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


NewStar Financial  (NAS:NEWS) Effective Interest Rate on Debt % Explanation

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


NewStar Financial Effective Interest Rate on Debt % Related Terms

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NewStar Financial (NewStar Financial) Business Description

Traded in Other Exchanges
N/A
Address
NewStar Financial Inc is a finance company which develops specialized platforms for complex financing needs of companies and private investors for the middle market. The company and its subsidiary provides asset management services to institutional customers and also manages private credit funds, sponsored funds, series of funds structured as CLOs and managed accounts. Through specialized lending platforms the company provides senior secured debt financing options to mid-sized companies to fund working capital growth strategies, acquisitions, recapitalizations, purchases of equipment and other capital assets. The company derives its revenues from leveraged finance, business credit, real estate, equipment finance and asset management segments.
Executives
Richard E Thornburgh director 401 N. MAIN STREET, WINSTON-SALEM NC 27101
Frank R Noonan director
Bradley E Cooper director UNIVERSAL AMERICAN FINANCIAL CORP, 6 INTERNATIONAL DR STE 190, RYE BROOK NY 10573
Capital Z Financial Services Fund Ii Lp 10 percent owner
Capital Z Partners Ltd 10 percent owner
Capital Z Partners Lp 10 percent owner
Corsair Capital Llc 10 percent owner 717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Second Curve Capital Llc 10 percent owner 150 N RADNOR CHESTER ROAD, SUITE F120, RADNOR PA 19087
Thomas K Brown 10 percent owner C/O SECOND CURVE CAPITAL, LLC, 237 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017
Mark K Gormley director 1067 FIFTH AVENUE, #6, NEW YORK NY 10128
Burnaman Phillip R Ii officer: M.Dir & Head Structured Prods
Joseph W Saunders director C/O VISA INC., P.O. BOX 8999, SAN FRANCISCO CA 94128-8999

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