STAFQ (Staffing 360 Solutions) Effective Interest Rate on Debt %: 9.44% (As of Sep. 2024)


STAFQ Staffing 360 Solutions Inc STAFQ
12 GF Score
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What is Staffing 360 Solutions Effective Interest Rate on Debt %?

Staffing 360 Solutions STAFQ -99.00% 12 Effective Interest Rate on Debt % is 9.44% as of Sep. 2024. GuruFocus rates STAFQ with a GF Score™ of 12/100.

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. Staffing 360 Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $2.3 Mil. Staffing 360 Solutions's average total debt for the quarter that ended in Sep. 2024 was $24.3 Mil. Therefore, Staffing 360 Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.44%.


Staffing 360 Solutions  (OTCPK:STAFQ) Effective Interest Rate on Debt % Explanation

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


Staffing 360 Solutions Effective Interest Rate on Debt % Related Terms


Staffing 360 Solutions Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Staffing 360 Solutions'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.

Staffing 360 Solutions Effective Interest Rate on Debt % Chart

Staffing 360 Solutions Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.21 15.28 11.50 24.62 36.54

Staffing 360 Solutions 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 28.33 42.53 22.56 24.68 9.44

STAFQ vs IPDN, GLXG, RLBY: Effective Interest Rate on Debt % Comparison

For the Staffing & Employment Services subindustry, Staffing 360 Solutions'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.


Staffing 360 Solutions Effective Interest Rate on Debt % vs Business Services Industry

For the Business Services industry and Industrials sector, Staffing 360 Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Staffing 360 Solutions's Effective Interest Rate on Debt % falls into.


STAFQ
12GF Score
Staffing 360 Solutions Inc STAFQ
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Staffing 360 Solutions Effective Interest Rate on Debt % Calculation

Staffing 360 Solutions'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  *  -5.461/( (14.815+15.074)/ 2 )
=-1  *  -5.461/14.9445
=36.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.771 + 1.044
=14.815

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.213 + 10.861
=15.074

Staffing 360 Solutions'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  *  -2.296/( (24.181+24.486)/ 2 )
=-1  *  -2.296/24.3335
=9.44 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.034 + 20.147
=24.181

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.782 + 20.704
=24.486

* 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.

What does a Effective Interest Rate on Debt % of 9.44% mean?
Staffing 360 Solutions (STAFQ) has a Effective Interest Rate on Debt % of 9.44% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Staffing 360 Solutions and its competitors.
Is Staffing 360 Solutions' Effective Interest Rate on Debt % too high?
Staffing 360 Solutions' current Effective Interest Rate on Debt % is 9.44%. Overall, Staffing 360 Solutions has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Staffing 360 Solutions' Effective Interest Rate on Debt % compare to IPDN and GLXG?
Staffing 360 Solutions' Effective Interest Rate on Debt % of 9.44% can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Business Services company?
A good Effective Interest Rate on Debt % depends on the Business Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Staffing 360 Solutions and its competitors. Staffing 360 Solutions's current Effective Interest Rate on Debt % is 9.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Staffing 360 Solutions stock overvalued right now?
Staffing 360 Solutions (STAFQ) has a current Effective Interest Rate on Debt % of 9.44%. The current Effective Interest Rate on Debt % is 9.44%. Staffing 360 Solutions' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Staffing 360 Solutions (STAFQ), the current Effective Interest Rate on Debt % is 9.44% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Staffing 360 Solutions Business Description

Address 757 3rd Avenue, 27th Floor, New York, NY, USA, 10017
Staffing 360 Solutions, Inc. is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and the UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space.
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