SPAR Group (SPAR Group) Effective Interest Rate on Debt % : 12.65% (As of Dec. 2023)

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What is SPAR Group 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. SPAR Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.7 Mil. SPAR Group's average total debt for the quarter that ended in Dec. 2023 was $21.2 Mil. Therefore, SPAR Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.65%.

SPAR Group Effective Interest Rate on Debt % Historical Data

The historical data trend for SPAR Group'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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SPAR Group Effective Interest Rate on Debt % Chart

SPAR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.64

4.86

4.37

5.70

9.48

SPAR Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.96	7.56	9.63	7.40	12.65

Competitive Comparison of SPAR Group's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, SPAR Group'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.

SPAR Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SPAR Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

SPAR Group Effective Interest Rate on Debt % Calculation

SPAR Group'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 * -1.919	/	( (20.325	+	20.163)	/ 2 )
=	-1 * -1.919	/	20.244
=	9.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.982	+	18.343
=	20.325

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.47	+	18.693
=	20.163

SPAR Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.684	/	( (22.268	+	20.163)	/ 2 )
=	-1 * -2.684	/	21.2155
=	12.65 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.999	+	20.269
=	22.268

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.47	+	18.693
=	20.163

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SPAR Group (NAS:SGRP) Effective Interest Rate on Debt % Explanation

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

SPAR Group Effective Interest Rate on Debt % Related Terms

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SPAR Group (SPAR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SPAR Group Inc (NAS:SGRP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PMH:Germany

Address

1910 Opdyke Court, Auburn Hills, MI, USA, 48326

Website

https://www.sparinc.com

SPAR Group Inc is a supplier of merchandising and other marketing services. It also provides in-store event staffing, product sampling, audit services, furniture and other product assembly services, technology services and marketing research services. The company divides its operations into two reportable segments: Domestic division is comprised of all operations within the United States; and The International division is a consolidation of all other operations and joint ventures. Its customers are from retail and manufacturing segments. Its geographic presence is in Brazil, South Africa, Mexico, China, Japan, India, Canada, Australia, Turkey, and United States from where it generates maximum revenue.

Executives

Pato Antonio Calisto	officer: Chief Financial Officer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Robert G/ Brown	director, 10 percent owner, officer: Chairman, Chief Executive Offi
Spar Business Services Inc	other: Affiliated with Robert G Brown	7711 N MILITARY TRAIL, SUITE 1000, WEST PALM BEACH FL 33410
Williams H Bartels	director, 10 percent owner, officer: Vice Chairman
Sean Whelan	director	C/O ZOMEDICA CORP., 100 PHOENIX DRIVE, SUITE 125, ANN ARBOR MI 48108
Michael Wager	director	100 BURTT ROAD, SUITE 115, BOSTON MA 01810
Kori Belzer	officer: Chief Operations Officer	SPAR GROUP INC, 580 WHITE PLAINS RD., TARRYTOWN NY 10591
Fay Devriese	officer: Chief Financial Officer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Ronald Wayne Lutz	officer: Chief Global CommercialOfficer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
William Linnane	officer: Chief Strategy & GrowthOfficer	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Arthur H Baer	director	61 BUSHNELL ROAD, HILLSDALE NY 12529
Mike R. Matacunas	director, officer: Chief Executive Officer	500 VOLVO PARKWAY, CHESAPEAKE VA 23320
James Richard Brown	director	C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326
Igor Novgorodtsev	director	C/O SPAR GROUP, INC. 333 WESTCHESTER AVE, SOUTH BUILDING, SUITE 204, WHITE PLAINS NY 10604
James R Segreto	officer: Controller	C/O SPAR GROUP INC, 580 WHITE PLAINS RD, TARRYTOWN NY 10591