Stifel Financial (Stifel Financial) Effective Interest Rate on Debt % : 63.54% (As of Mar. 2024)

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What is Stifel 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. Stifel Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,018.62 Mil. Stifel Financial's average total debt for the quarter that ended in Mar. 2024 was $1,603.07 Mil. Therefore, Stifel Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 63.54%.

Stifel Financial Effective Interest Rate on Debt % Historical Data

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

Stifel Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.39

5.26

3.92

17.15

68.96

Stifel Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															52.78	65.05	75.06	82.93	63.54

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

For the Capital Markets subindustry, Stifel 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.

Stifel Financial's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

Stifel Financial Effective Interest Rate on Debt % Calculation

Stifel 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 * -810.336	/	( (1174.554	+	1175.629)	/ 2 )
=	-1 * -810.336	/	1175.0915
=	68.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1174.554	+	0
=	1174.554

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1175.629	+	0
=	1175.629

Stifel Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1018.62	/	( (1175.629	+	2030.513)	/ 2 )
=	-1 * -1018.62	/	1603.071
=	63.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1175.629	+	0
=	1175.629

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2030.513	+	0
=	2030.513

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

Stifel Financial (NYSE:SFpD.PFD) Effective Interest Rate on Debt % Explanation

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

Stifel Financial Effective Interest Rate on Debt % Related Terms

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Stifel Financial (Stifel Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Stifel Financial Corp (NYSE:SFpD.PFD) » Definitions » Effective Interest Rate on Debt %

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Address

501 North Broadway, One Financial Plaza, Saint Louis, MO, USA, 63102-2188

Website

https://www.stifel.com

Stifel Financial is a middle-market-focused investment bank that produces more than 90% of its revenue in the United States. Approximately 60% of the company's net revenue is derived from its global wealth management division, which supports over 2,000 financial advisors, with the remainder coming from its institutional securities business. Stifel has a history of being an active acquirer of other financial service firms.