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GP Strategies (GP Strategies) Effective Interest Rate on Debt % : 3.29% (As of Jun. 2021)


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What is GP Strategies 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. GP Strategies's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $0.8 Mil. GP Strategies's average total debt for the quarter that ended in Jun. 2021 was $24.0 Mil. Therefore, GP Strategies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 3.29%.


GP Strategies Effective Interest Rate on Debt % Historical Data

The historical data trend for GP Strategies'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.

* Premium members only.

GP Strategies Effective Interest Rate on Debt % Chart

GP Strategies Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 5.08 3.23 5.28 3.98

GP Strategies Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 2.59 2.30 7.01 2.67 3.29

Competitive Comparison of GP Strategies's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, GP Strategies'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.


GP Strategies's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, GP Strategies's Effective Interest Rate on Debt % distribution charts can be found below:

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



GP Strategies Effective Interest Rate on Debt % Calculation

GP Strategies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -2.934/( (112.9+34.531)/ 2 )
=-1  *  -2.934/73.7155
=3.98 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105.029 + 7.871
=112.9

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.008 + 5.523
=34.531

GP Strategies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2021 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -0.788/( (19.664+28.255)/ 2 )
=-1  *  -0.788/23.9595
=3.29 %

where

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.615 + 5.049
=19.664

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.873 + 5.382
=28.255

* 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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


GP Strategies  (NYSE:GPX) Effective Interest Rate on Debt % Explanation

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


GP Strategies Effective Interest Rate on Debt % Related Terms

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GP Strategies (GP Strategies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
70 Corporate Center, Suite 300, 11000 Broken Land Parkway, Columbia, MD, USA, 21044
GP Strategies Corp provides training, e-Learning solutions, management consulting, and engineering services. The company serves companies in the automotive, financial services and insurance, steel, oil and gas, power, chemical, electronics and technology, manufacturing, software, retail, healthcare, education, and food and beverage industries, as well as government agencies. Its training offerings include content and curriculum development, e-Learning, learning and training outsourcing, and documentation development.
Executives
Pfenniger Richard C Jr director 4400 BISCAYNE BLVD., MIAMI FL 33137
Marshall S Geller director 10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Tamar Elkeles director 1040 MUIRLANDS DRIVE LA JOLLA CA 92037
Samuel D. Robinson director C/O SAGARD CAPITAL MGMT. CORPORATION 325 GREENWICH AVENUE GREENWICH CT 06830
Steven Elliot Koonin director 1535 RANCHO CONEJO BLVD THOUSAND OAKS CA 91320
Jacques Manardo director
Adam H Stedham officer: CEO & President GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
James L Galante officer: SVP & General Counsel GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY SUITE 200 COLUMBIA MD 21044
Scott N Greenberg director 9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Russell L. Becker officer: EVP, Chief Sales Officer GP STRATEGIES CORPORATION 11000 BROKEN LAND PKWY, SUITE 200 COLUMBIA MD 21044
Michael R Dugan officer: EVP & Chief Financial Officer GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY, SUITE 200 COLUMBIA MD 21044
Donald R Duquette officer: Executive Vice President 6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Patricia R. Begley officer: Executive Vice President GP STRATEGIES CORPORATION 6095 MARSHALEE DR., SUITE 300 ELKRIDGE MD 21075
Kenneth L Crawford officer: EVP & General Counsel 6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Cove Street Capital, Llc 10 percent owner 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO CA 90245