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

: 20.96% (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. IF Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $23.36 Mil. IF Bancorp's average total debt for the quarter that ended in Dec. 2023 was $111.46 Mil. Therefore, IF Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.96%.


IF Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for IF 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.

IF Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.35 28.27 12.76 11.76 58.41

IF 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 % 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 Premium Member Only Premium Member Only Premium Member Only 12.78 20.65 42.36 34.24 20.96

Competitive Comparison

For the Banks - Regional subindustry, IF 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.


IF Bancorp Effective Interest Rate on Debt % Distribution

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

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



IF Bancorp Effective Interest Rate on Debt % Calculation

IF Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -10.075/( (15+19.5)/ 2 )
=-1  *  -10.075/17.25
=58.41 %

where

IF 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  *  -23.364/( (90.5+132.425)/ 2 )
=-1  *  -23.364/111.4625
=20.96 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.425 + 0
=132.425

* 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.


IF Bancorp  (NAS:IROQ) Effective Interest Rate on Debt % Explanation

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


IF Bancorp Effective Interest Rate on Debt % Related Terms

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IF Bancorp (IF Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
201 East Cherry Street, Watseka, IL, USA, 60970
IF Bancorp Inc is a holding company. It is mainly engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. The company with the association take deposits from the general public and invest those deposits together with funds generated from operations and borrowings in various loans such as multi-family residential and mortgage loans, commercial real estate loans, home equity lines of credit, consumer loans, others, and also a variety of deposit accounts and alternative delivery channels.
Executives
Thomas J Chamberlain officer: Vice President C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Richard Stenzinger director 201 E CHERRY STREET, WATSEKA IL 60970
Dennis C Wittenborn director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Linda L. Hamilton officer: EVP and COO C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Terry W Acree officer: Vice President C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Rodney E Yergler director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Frank J Simutis director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Wayne A Lehmann director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Joseph A Cowan director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Hasselbring Walter H Iii officer: Vice President and COO C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Alan D Martin director, officer: President and CEO C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Gary Martin director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Pamela J Verkler officer: VP, CFO and Treasurer C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Ardith Heuton director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
John D Martin director C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970

IF Bancorp (IF Bancorp) Headlines