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Sterling Check (Sterling Check) Effective Interest Rate on Debt % : 7.69% (As of Mar. 2024)


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What is Sterling Check 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. Sterling Check's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $41.2 Mil. Sterling Check's average total debt for the quarter that ended in Mar. 2024 was $536.5 Mil. Therefore, Sterling Check's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.69%.


Sterling Check Effective Interest Rate on Debt % Historical Data

The historical data trend for Sterling Check'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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Sterling Check Effective Interest Rate on Debt % Chart

Sterling Check Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
6.35 5.34 5.51 5.75 7.05

Sterling Check Quarterly Data
Dec19 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 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 6.61 6.97 7.28 7.35 7.69

Competitive Comparison of Sterling Check's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Sterling Check'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.


Sterling Check's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Sterling Check's Effective Interest Rate on Debt % distribution charts can be found below:

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



Sterling Check Effective Interest Rate on Debt % Calculation

Sterling Check'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  *  -36.233/( (522.042+506.285)/ 2 )
=-1  *  -36.233/514.1635
=7.05 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=510.825 + 11.217
=522.042

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=487.066 + 19.219
=506.285

Sterling Check'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  *  -41.248/( (506.285+566.727)/ 2 )
=-1  *  -41.248/536.506
=7.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=487.066 + 19.219
=506.285

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=547.848 + 18.879
=566.727

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


Sterling Check  (NAS:STER) Effective Interest Rate on Debt % Explanation

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


Sterling Check Effective Interest Rate on Debt % Related Terms

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Sterling Check (Sterling Check) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 State Street Plaza, 24th Floor, New York, NY, USA, 10004
Sterling Check Corp is a global provider of technology-enabled background and identity verification services. It offers a hiring and risk management solution that begins with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding, and ongoing risk monitoring. Its services are delivered through a purpose-built, proprietary, cloud-based technology platform that empowers organizations with real-time and data-driven insights to conduct and manage their employment screening programs.
Executives
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Adrian M Jones director C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Steven L Barnett officer: See Remarks 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Kristin Ann Johnsen director 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Villon Bertrand Eric Arnaud director STERLING CHECK CORP, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
L Frederick Sutherland director STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Stonehill Robyn Price officer: See Remarks STERLING CHECKCORP INC., 1 STATE STREET PLAZA, NEW YORK NY 10004
Crampton Christopher A.s. director 85 BROAD STREET, NEW YORK NY 10004
William W Chen director STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Mohit Kapoor director 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Ross M Cummings 10 percent owner STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Broad Street Control Advisors, L.l.c. 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Peter Walker officer: See Remarks STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Lou Paglia officer: See Remarks STERLING CHECKCORP INC, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131