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StepStone Group (StepStone Group) Effective Interest Rate on Debt % : 4.15% (As of Mar. 2024)


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What is StepStone 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. StepStone Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $10.6 Mil. StepStone Group's average total debt for the quarter that ended in Mar. 2024 was $255.4 Mil. Therefore, StepStone Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.15%.


StepStone Group Effective Interest Rate on Debt % Historical Data

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

StepStone Group Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.12 5.14 0.83 2.37 3.82

StepStone Group 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 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 3.14 3.71 3.69 4.23 4.15

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

For the Asset Management subindustry, StepStone 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.


StepStone Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, StepStone Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



StepStone Group Effective Interest Rate on Debt % Calculation

StepStone Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -9.331/( (219.575+268.561)/ 2 )
=-1  *  -9.331/244.068
=3.82 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=121.224 + 98.351
=219.575

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.739 + 148.822
=268.561

StepStone Group'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  *  -10.596/( (242.147+268.561)/ 2 )
=-1  *  -10.596/255.354
=4.15 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=242.147 + 0
=242.147

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.739 + 148.822
=268.561

* 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.


StepStone Group  (NAS:STEP) Effective Interest Rate on Debt % Explanation

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


StepStone Group Effective Interest Rate on Debt % Related Terms

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StepStone Group (StepStone Group) Business Description

Traded in Other Exchanges
Address
450 Lexington Avenue, 31st Floor, New York, NY, USA, 10017
StepStone Group Inc is a private market investment firm. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The Company consists of a single operating segment and single reportable segment for accounting and financial reporting purposes.
Executives
James Lim 10 percent owner 100 PAINTERS MILL ROAD, SUITE 700, OWINGS MILLS MD 21117
David Y Park officer: Chief Accounting Officer 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Jason P Ment officer: See Remarks 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Michael I Mccabe officer: Head of Strategy 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Thomas Keck director, other: See Remarks 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Argonaut Private Equity, L.l.c. 10 percent owner 6733 S. YALE AVE., TULSA OK 74136
Monte M Brem director, officer: See Remarks 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Johnny D Randel officer: Chief Financial Officer 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Scott W Hart officer: Co-Chief Executive Officer 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Robert Waldo director, 10 percent owner 6733 S. YALE AVE., TULSA, OK 74136
Steven R Mitchell director, 10 percent owner C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Valerie Gay Brown director 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Jose A Fernandez officer: Co-Chief Operating Officer 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Mark Maruszewski director, other: See Remarks 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
David Jeffrey other: See Remarks 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017