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Enterprise Bancorp (Enterprise Bancorp) Effective Interest Rate on Debt %

: 67.60% (As of Dec. 2023)
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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. Enterprise Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $66.9 Mil. Enterprise Bancorp's average total debt for the quarter that ended in Dec. 2023 was $99.0 Mil. Therefore, Enterprise Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 67.60%.


Enterprise Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Enterprise Bancorp'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.

Enterprise Bancorp 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 17.38 13.06 8.12 10.42 48.82

Enterprise Bancorp 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 17.86 31.65 48.81 62.96 67.60

Competitive Comparison

For the Banks - Regional subindustry, Enterprise Bancorp'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.


Enterprise Bancorp Effective Interest Rate on Debt % Distribution

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

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



Enterprise Bancorp Effective Interest Rate on Debt % Calculation

Enterprise Bancorp'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  *  -47.969/( (86.813+109.707)/ 2 )
=-1  *  -47.969/98.26
=48.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.813 + 0
=86.813

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.707 + 0
=109.707

Enterprise Bancorp'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  *  -66.924/( (88.298+109.707)/ 2 )
=-1  *  -66.924/99.0025
=67.60 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.298 + 0
=88.298

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.707 + 0
=109.707

* 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.


Enterprise Bancorp  (NAS:EBTC) Effective Interest Rate on Debt % Explanation

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


Enterprise Bancorp Effective Interest Rate on Debt % Related Terms

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Enterprise Bancorp (Enterprise Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
222 Merrimack Street, Lowell, MA, USA, 01852
Enterprise Bancorp Inc is a holding company. The Company is engaged in the business of gathering deposits from the general public and investing in loans and investment securities. Through the Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services.
Executives
Gino J Baroni director 222 MERRIMACK STREET, LOWELL MA 01852
Michael T Putziger director C/O NEW HAMPSHIRE THRIFT BANCSHARES, 9 MAIN STREET, NEWPORT NH 03773
Ken S Ansin director 390 GOODRICH ST, LUNENBURG MA 01462
George L Duncan director, officer: Chief Executive Officer 222 MERRIMACK ST, LOWELL MA 01852
Stephen J Irish officer: EVP - Principal Subsidiary 222 MERRIMACK ST, LOWELL MA 01852
Ryan C Dunn officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Mary Jane King director 222 MERRIMACK STREET, LOWELL MA 01852
Luis M Pedroso director 222 MERRIMACK STREET, LOWELL MA 01852
Diane J Silva officer: EVP - Principal Subsidiary 222 MERRIMACK STREET, LOWELL MA 01852
Anita R Worden director C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
John A Koutsos director 222 MERRIMACK STREET, LOWELL MA 01852
Peter Rayno officer: EVP - Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Joseph R Lussier officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Keith N Soucie officer: EVP-Principal Subsidiary C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Carol L Reid director C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876