Upstart Holdings (Upstart Holdings) Effective Interest Rate on Debt % : 3.95% (As of Mar. 2024)

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What is Upstart Holdings 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. Upstart Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $42.9 Mil. Upstart Holdings's average total debt for the quarter that ended in Mar. 2024 was $1,083.7 Mil. Therefore, Upstart Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.95%.

Upstart Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Upstart Holdings'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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Upstart Holdings Effective Interest Rate on Debt % Chart

Upstart Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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20.08

7.37

0.75

1.15

3.19

Upstart Holdings Quarterly Data
	Dec18	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															2.61	1.61	3.55	5.12	3.95

Competitive Comparison of Upstart Holdings's Effective Interest Rate on Debt %

For the Credit Services subindustry, Upstart Holdings'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.

Upstart Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

Upstart Holdings Effective Interest Rate on Debt % Calculation

Upstart Holdings'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 * -34.894	/	( (1087.181	+	1102.748)	/ 2 )
=	-1 * -34.894	/	1094.9645
=	3.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	750.729	+	336.452
=	1087.181

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	715.323	+	387.425
=	1102.748

Upstart Holdings'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 * -42.856	/	( (1102.748	+	1064.641)	/ 2 )
=	-1 * -42.856	/	1083.6945
=	3.95 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	715.323	+	387.425
=	1102.748

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	713.131	+	351.51
=	1064.641

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.

Upstart Holdings (NAS:UPST) Effective Interest Rate on Debt % Explanation

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

Upstart Holdings Effective Interest Rate on Debt % Related Terms

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Upstart Holdings (Upstart Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Upstart Holdings Inc (NAS:UPST) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

UPST:Mexico 855:Germany 855:Germany

Address

2950 S. Delaware Street, Suite 300, San Mateo, CA, USA, 94403

Website

https://www.upstart.com

Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company comprised of fees paid by banks.

Executives

Sanjay Datta	officer: Chief Financial Officer	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Scott Darling	officer: Chief Legal Officer	C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Paul Gu	director, officer: SVP, Product and Data Science	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Natalia Mirgorodskaya	officer: Corporate Controller	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Dave Girouard	director, 10 percent owner, officer: Chief Executive Officer	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Kerry Whorton Cooper	director	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Alison Nicoll	officer: General Counsel	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Daniel S Loeb	10 percent owner, other: See Footnote (1)	THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Third Point Llc	10 percent owner	55 HUDSON YARDS, NEW YORK NY 10001
Cassidy Sukhinder Singh	director	C/O URBAN OUTFITTERS INC, 5000 SOUTH BROAD STREET, PHILADELPHIA PA 19112
Mary Hentges	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Terry Hilliard C. Iii	director	ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Anna M. Counselman	officer: SVP, People and Operations	C/O UPSTART HOLDINGS, INC., 2950 S. DELAWARE STREET, SUITE 300, SAN MATEO CA 94403
Jeff Huber	director	209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Robert S Schwartz	director	C/O THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022