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ACNB (ACNB) Effective Interest Rate on Debt % : 7.96% (As of Dec. 2023)


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What is ACNB 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. ACNB's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15.2 Mil. ACNB's average total debt for the quarter that ended in Dec. 2023 was $190.5 Mil. Therefore, ACNB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.96%.


ACNB Effective Interest Rate on Debt % Historical Data

The historical data trend for ACNB'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.

* Premium members only.

ACNB Effective Interest Rate on Debt % Chart

ACNB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.22 19.30 14.58 11.67 6.68

ACNB 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 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 13.13 8.93 6.19 7.51 7.96

Competitive Comparison of ACNB's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, ACNB'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.


ACNB's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



ACNB Effective Interest Rate on Debt % Calculation

ACNB'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  *  -8.32/( (24.162+224.789)/ 2 )
=-1  *  -8.32/124.4755
=6.68 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.162 + 0
=24.162

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.907 + 26.882
=224.789

ACNB'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  *  -15.164/( (156.172+224.789)/ 2 )
=-1  *  -15.164/190.4805
=7.96 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.066 + 33.106
=156.172

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.907 + 26.882
=224.789

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


ACNB  (NAS:ACNB) Effective Interest Rate on Debt % Explanation

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


ACNB Effective Interest Rate on Debt % Related Terms

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ACNB (ACNB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ACNB Corp (NAS:ACNB) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
16 Lincoln Square, P.O. BOX 3129, Gettysburg, PA, USA, 17325
ACNB Corp provides banking, insurance, and financial services to businesses and consumers, through its wholly-owned subsidiaries, ACNB Bank and ACNB Insurance Services, Inc. The corporation has two reporting segments, the Bank and ACNB Insurance Services. ACNB Insurance Services is managed separately from the Banking segment, which includes the Bank and related financial services that the corporation offers through its banking subsidiary. ACNB Insurance Services, Inc. offers a broad range of property and casualty, life, and health insurance to both commercial and individual clients. The corporation's primary source of revenue is interest income on loans and investment securities and fee income on its products and services.
Executives
Frank Iii Elsner director 894 LAUREL WOODS LANE, HANOVER PA 17331
James Helt other: EVP/Banking Services ACNB Bank 360 THORNHILL DRIVE, HANOVER PA 17331
Scott L Kelley director 2068 ROSEWOOD LANE, YORK PA 17403
Alan J Stock director 245 ORCHARD DRIVE, HANOVER PA 17331
Andrew A Bradley other: ACNB Bank SVP 16 LINCOLN SQUARE, GETTYSBURG PA 17325
Brett D Fulk other: ACNB Bank EVP 34 MILLER ROAD, NEW RINGGOLD PA 17960
Kevin J Hayes officer: SVP/Secretary & CGO 16 LINCOLN SQUARE, GETTYSBURG PA 17325
Emily E Berwager other: ACNB Bank SVP 16 LINCOLN SQUARE, GETTYSBURG PA 17325
Mark E Blacksten other: ACNB Bank EVP 16 LINCOLN SQUARE, GETTYSBURG PA 17325
Thomas R Stone other: ACNB Bank EVP 2701 PRIMROSE LANE E, YORK PA 17402
Seibel Donald Arthur Jr director 1001 GREEN VALLEY ROAD, NEW WINDSOR MD 21776
James J Lott director 1230 IDAVILLE YORK SPRINGS ROAD, GARDNERS PA 17324
David L Sites director 220 DOUBLEDAY AVENUE, GETTYSBURG PA 17325
Lynda L Glass officer: EVP, Secretary & Treasurer 68 WEST MOUNTAIN TOP DRIVE, ORRTANNA PA 17353
Jason H Weber other: ACNB Bank EVP 1830 BOULDER DRIVE, DOWNINGTOWN PA 19335