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Independence Bancshares (Independence Bancshares) Effective Interest Rate on Debt % : 10.20% (As of Sep. 2017)


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What is Independence Bancshares 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. Independence Bancshares's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was $0.41 Mil. Independence Bancshares's average total debt for the quarter that ended in Sep. 2017 was $4.00 Mil. Therefore, Independence Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 was 10.20%.


Independence Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Independence Bancshares'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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Independence Bancshares Effective Interest Rate on Debt % Chart

Independence Bancshares Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.81 7.00 5.57 5.91 -

Independence Bancshares Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 - - 8.40 9.30 10.20

Competitive Comparison of Independence Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Independence Bancshares'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.


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

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

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



Independence Bancshares Effective Interest Rate on Debt % Calculation

Independence Bancshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2015 )+Total Debt  (A: Dec. 2016 ))/ count )
=-1  *  -0.326/( (0+0)/ 1 )
=-1  *  -0.326/0
=N/A %

where

Independence Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2017 )+Total Debt  (Q: Sep. 2017 ))/ count )
=-1  *  -0.408/( (4+4)/ 2 )
=-1  *  -0.408/4
=10.20 %

where

* 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 (Sep. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Independence Bancshares  (OTCPK:IEBS) Effective Interest Rate on Debt % Explanation

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


Independence Bancshares Effective Interest Rate on Debt % Related Terms

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Independence Bancshares (Independence Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
Independence Bancshares Inc is a holding company for Independence National Bank. The company operates through four segments: Community Banking, Transaction Services, Asset Management and Parent Only. Most of its revenue is derived from the Community Banking segment. The bank is engaged in the business of banking and providing services related to banking, including accepting demand deposits and saving deposits and providing commercial, consumer and mortgage loans.
Executives
Robert B Willumstad director CITIGROUP INC/CORP LAW DEPT, 425 PARK AVE 2ND FL, NEW YORK NY 10043
Adam Gabriel Hurwich director C/O FIRST SECURITY GROUP, INC. 531 BROAD STREET CHATTANOOGA TN 37402
Keith Stock director 1819 A WEST ST ANNAPOLIS MD 21401
Russell Echlov director 500 E WASHINGTON ST, GREENVILLE SC 29601
Gordon A Baird director, officer: CHIEF EXECUTIVE OFFICER C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Mclean A A Iii director P O BOX 6429, GREENVILLE SC 296066429

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