GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fentura Financial Inc (OTCPK:FETM) » Definitions » Effective Interest Rate on Debt %

Fentura Financial (Fentura Financial) Effective Interest Rate on Debt % : 17.07% (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Fentura Financial 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. Fentura Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $34.10 Mil. Fentura Financial's average total debt for the quarter that ended in Dec. 2023 was $199.78 Mil. Therefore, Fentura Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.07%.


Fentura Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Fentura Financial'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.

Fentura Financial Effective Interest Rate on Debt % Chart

Fentura Financial 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 10.72 5.53 4.97 13.35

Fentura Financial 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 8.60 8.87 11.26 15.45 17.07

Competitive Comparison of Fentura Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Fentura Financial'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.


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

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

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



Fentura Financial Effective Interest Rate on Debt % Calculation

Fentura Financial'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  *  -28.087/( (222.35+198.5)/ 2 )
=-1  *  -28.087/210.425
=13.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=222.35 + 0
=222.35

Fentura Financial'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  *  -34.104/( (201.05+198.5)/ 2 )
=-1  *  -34.104/199.775
=17.07 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=201.05 + 0
=201.05

* 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.


Fentura Financial  (OTCPK:FETM) Effective Interest Rate on Debt % Explanation

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


Fentura Financial Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Fentura Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fentura Financial (Fentura Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
175 North Leroy Street, P.O. Box 725, Fenton, MI, USA, 48430-3805
Fentura Financial Inc is a bank holding company engaged in the business of financial services through its wholly-owned subsidiaries. The corporation provides banking and trust services principally to individuals, small businesses, and governmental entities through its community banking and loan processing offices. The primary deposit products include Checking, Savings, and Term certificate accounts, and the primary lending products comprise Residential mortgage, Commercial real estate, Commercial, Home equity, and Consumer loans. The corporation's sources of revenue include trust-related income, investment services income, ATM card income, debit card income, and service charges on deposit accounts.
Executives
James Distelrath director, officer: Chief Financial Officer 101 N LEROY STREET, FENTON MI 48430
Craig L Johnson officer: Senior Lender - The State Bank 101 N LEROY STREET, FENTON MI 48430
Randy D Hicks director 101 N. LEROY STREET, FENTON MI 48430
Frederick P Dillingham director 175 N LEROY, FENTON MI 48340
Joanne Shaw director 175 N LEROY, FENTON MI 48340
Ronald Rybar director 175 N LEROY, FENTON MI 48340
James Wesseling director 175 N LEROY STREET, FENTON MI 48340
William Dery director 175 N LEROY STREET, FENTON MI 48340
Daniel Wollschlager officer: SVP, Senior Lending Officer 175 NORTH LEROY STREET, FENTON MI 48430
Douglas Rotman director 175 N LEROY, FENTON MI 48430
Sheryl Stephens director 175 N LEROY, FENTON MI 48430
Kenneth R Elston director 175 NORTH LEROY STREET, P.O. BOX 725, FENTON MI 48430
Holly J Pingatore officer: Senior VP-The State Bank 175 NORTH LEROY STREET, FENTON MI 48430
John Emmendorfer officer: President-Davison State Bank 175 NORTH LEROY STREET, FENTON MI 48430
Dennis Leyder officer: Senior VP-The State Bank 175 NORTH LEROY STREET, FENTON MI 48430