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Cullen/Frost Bankers (Cullen/Frost Bankers) Effective Interest Rate on Debt % : 343.10% (As of Dec. 2023)


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What is Cullen/Frost Bankers 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. Cullen/Frost Bankers's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $764 Mil. Cullen/Frost Bankers's average total debt for the quarter that ended in Dec. 2023 was $223 Mil. Therefore, Cullen/Frost Bankers's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 343.10%.


Cullen/Frost Bankers Effective Interest Rate on Debt % Historical Data

The historical data trend for Cullen/Frost Bankers'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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Cullen/Frost Bankers Effective Interest Rate on Debt % Chart

Cullen/Frost Bankers 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 55.21 19.14 10.45 82.97 296.19

Cullen/Frost Bankers 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 190.79 243.45 282.38 315.79 343.10

Competitive Comparison of Cullen/Frost Bankers's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Cullen/Frost Bankers'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.


Cullen/Frost Bankers's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Cullen/Frost Bankers's Effective Interest Rate on Debt % falls into.



Cullen/Frost Bankers Effective Interest Rate on Debt % Calculation

Cullen/Frost Bankers'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  *  -659.052/( (222.404+222.618)/ 2 )
=-1  *  -659.052/222.511
=296.19 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.404 + 0
=222.404

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.618 + 0
=222.618

Cullen/Frost Bankers'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  *  -763.716/( (222.564+222.618)/ 2 )
=-1  *  -763.716/222.591
=343.10 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.564 + 0
=222.564

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.618 + 0
=222.618

* 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.


Cullen/Frost Bankers  (NYSE:CFR) Effective Interest Rate on Debt % Explanation

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


Cullen/Frost Bankers Effective Interest Rate on Debt % Related Terms

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Cullen/Frost Bankers (Cullen/Frost Bankers) Business Description

Industry
Traded in Other Exchanges
Address
111 W. Houston Street, San Antonio, TX, USA, 78205
Cullen/Frost Bankers is a financial holding company, headquartered in San Antonio. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments, and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio regions.
Executives
Patrick B Frost director, other: Member Executive Committee 100 WEST HOUSTON ST, SAN ANTONIO TX 78205
Howard Willome John director 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
Chris Avery director 510 POST OAK ROAD, FREDERICKSBURG TX 78624
Howard L. Kasanoff officer: GEVP Chief Credit Officer 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
Bobby Berman officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Candace K Wolfshohl officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Phillip D Green officer: Group EVP / CFO 100 WEST HOUSTON ST, SAN ANTONIO TX 78205
Carol Jean Severyn officer: GEVP and Chief Risk Officer 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Paul Bracher officer: President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Joseph A. Pierce director 111 WEST HOUSTON STREET, SUITE 100, SAN ANTONIO TX 78205
William L Perotti officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Jerry Salinas officer: Chief Financial Officer 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Linda B. Rutherford director 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Annette M Alonzo officer: Group Executive Vice President 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205