Oportun Financial (STU:4L0) Effective Interest Rate on Debt % : 7.73% (As of Sep. 2024)

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What is Oportun 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. Oportun Financial's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €200.9 Mil. Oportun Financial's average total debt for the quarter that ended in Sep. 2024 was €2,600.9 Mil. Therefore, Oportun Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.73%.

Oportun Financial Effective Interest Rate on Debt % Historical Data

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

Oportun Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.00

3.31

2.28

3.25

5.43

Oportun Financial 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															5.59	6.26	7.20	7.71	7.73

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

For the Credit Services subindustry, Oportun 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.

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

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

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

Oportun Financial Effective Interest Rate on Debt % Calculation

Oportun Financial'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 * -164.523	/	( (3099.752	+	2960.532)	/ 2 )
=	-1 * -164.523	/	3030.142
=	5.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2799.968	+	299.784
=	3099.752

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2694.647	+	265.885
=	2960.532

Oportun Financial'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 * -200.92	/	( (2627.707	+	2574.052)	/ 2 )
=	-1 * -200.92	/	2600.8795
=	7.73 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2627.707	+	0
=	2627.707

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2574.052	+	0
=	2574.052

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.

Oportun Financial (STU:4L0) Effective Interest Rate on Debt % Explanation

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

Oportun Financial Effective Interest Rate on Debt % Related Terms

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Oportun Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Oportun Financial Corp (STU:4L0) » Definitions » Effective Interest Rate on Debt %

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OPRT:USA

Address

2 Circle Star Way, San Carlos, CA, USA, 94070

Website

https://www.oportun.com

Oportun Financial Corp is engaged in providing financial services to people who either do not have a credit score or who may have a limited credit history. The company offers Personal Loans, Auto Loans, unsecured personal loans, and secured personal loans, and provides deposit accounts, debit card services, and other transaction services to its customers. Its product offerings include small-dollar, unsecured installment loans and other products and services.

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