Marlin Business Services (Marlin Business Services) Effective Interest Rate on Debt % : 45.75% (As of Sep. 2021)

View and export this data going back to 2003. Start your Free Trial

What is Marlin Business Services 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. Marlin Business Services's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $10.38 Mil. Marlin Business Services's average total debt for the quarter that ended in Sep. 2021 was $22.68 Mil. Therefore, Marlin Business Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 45.75%.

Marlin Business Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Marlin Business Services'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.

Marlin Business Services Effective Interest Rate on Debt % Chart

Marlin Business Services Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

11.61

21.23

31.74

Marlin Business Services Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															34.53	36.97	36.48	39.06	45.75

Competitive Comparison of Marlin Business Services's Effective Interest Rate on Debt %

For the Credit Services subindustry, Marlin Business Services'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.

Marlin Business Services's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

* The bar in red indicates where Marlin Business Services's Effective Interest Rate on Debt % falls into.

Marlin Business Services Effective Interest Rate on Debt % Calculation

Marlin Business Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -19.868	/	( (85.821	+	39.365)	/ 2 )
=	-1 * -19.868	/	62.593
=	31.74 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.821	+	0
=	85.821

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.365	+	0
=	39.365

Marlin Business Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -10.376	/	( (25.553	+	19.81)	/ 2 )
=	-1 * -10.376	/	22.6815
=	45.75 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.553	+	0
=	25.553

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.81	+	0
=	19.81

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Marlin Business Services (NAS:MRLN) Effective Interest Rate on Debt % Explanation

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

Marlin Business Services Effective Interest Rate on Debt % Related Terms

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

Marlin Business Services (Marlin Business Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Marlin Business Services Corp (NAS:MRLN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Fellowship Road, Mount Laurel, NJ, USA, 08054

Website

https://www.marlincapitalsolutions.com

Marlin Business Services Corp is a provider of credit products and services to small businesses. The company provide equipment financing programs to manufacturers, distributors and dealers to help increase their sales and meet the needs of their small business customers. Marlin derives its revenue from interest and fees from leases and loans and, to a lesser extent, income from its property insurance program and other fee income.

Executives

Jeffrey Albert Hilzinger	officer: Chief Executive Officer	3 CEDAR RIDGE DRIVE, CHESTER NJ 07930
Matthew J Sullivan	10 percent owner	1230 PEACHTREE STREET, NE SUITE 1900 ATLANTA GA 30309
Lawrence J Deangelo	director	C/O MARLIN BUSINESS SERVICES CORP 124 GAITHER DR MOUNT LAUREL NJ 08054
Ryan S Melcher	officer: SVP and General Counsel	C/O MARLIN BUSINESS SERVICES CORP. 300 FELLOWSHIP ROAD MT. LAUREL NJ 07728
Michael R Bogansky	officer: Chief Financial Officer	C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054
Willem Mesdag	10 percent owner	C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
James Sherlock	officer: Senior Vice President	8 WILCOTE WAY MEDFORD NJ 08055
Dietz Edward Ralph Jr.	officer: General Counsel	139 GLENWOOD ROAD HADDONFIELD NJ 08033
James W Wert	director
Aswin Rajappa	officer: Chief Marketing Officer	1 GREYLYNNE DRIVE PRINCETON NJ 08540
Laura C Anger	officer: Chief Human Resources Officer	C/O FLAGSTAR BANCORP INC., 5151 CORPORATE DRIVE, TROY MI 48098
Louis Evan Maslowe	officer: Chief Credit Officer	11 SOUTHWINDS LANE MALVERN PA 19355
Edward John Siciliano	officer: Chief Sales Officer	343 CHRISTOPHER DRIVE PRINCETON NJ 08540
Michael Louis Mattingly	officer: Senior Vice President	223 NATHAN DRIVE CINNAMINSON NJ 08077
Gregory Lee Sting	officer: Senior Vice President	4 SHEFFIELD COURT MEDFORD NJ 08055