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First Financial (First Financial) Effective Interest Rate on Debt % : 38.98% (As of Dec. 2023)


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What is First 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. First Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $76.6 Mil. First Financial's average total debt for the quarter that ended in Dec. 2023 was $196.6 Mil. Therefore, First Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 38.98%.


First Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for First 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.

First Financial Effective Interest Rate on Debt % Chart

First 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 56.40 76.78 80.72 37.88 47.71

First 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 38.09 37.08 27.63 29.24 38.98

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

For the Banks - Regional subindustry, First 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.


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

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

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



First Financial Effective Interest Rate on Debt % Calculation

First 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  *  -61.135/( (80.464+175.798)/ 2 )
=-1  *  -61.135/128.131
=47.71 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.589 + 70.875
=80.464

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=108.577 + 67.221
=175.798

First 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  *  -76.62/( (217.312+175.798)/ 2 )
=-1  *  -76.62/196.555
=38.98 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.578 + 132.734
=217.312

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=108.577 + 67.221
=175.798

* 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.


First Financial  (NAS:THFF) Effective Interest Rate on Debt % Explanation

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


First Financial Effective Interest Rate on Debt % Related Terms

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


First Financial (First Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
One First Financial Plaza, Terre Haute, IN, USA, 47807
First Financial Corp operates as a financial holding company, which is engaged in the provision of financial services in the United States. The company offers a wide variety of financial services including commercial, mortgage, and consumer lending, lease financing, trust account services, depositor services, and insurance services, through its subsidiaries. Its primary source of revenue is derived from loans to customers and investment activities.
Executives
Susan M Jensen director 3935 NORTH RANDALL STREET, TERRE HAUTE IN 47805
Pierson Paul Joseph Ii director 1214 LADBROOKE DRIVE, EVANSVILLE IN 47725
James O Mcdonald director 8305 N COAL CREEK PLACE, WEST TERRE HAUTE IN 47885
William Randolph Krieble director 6158 BIG STONE DR., INDIANAPOLIS IN 46234
Thomas T Dinkel director 100 HAMILTON DR, TERRE HAUTE IN 47803
William Curtis Brighton director INDIANAPOLIS MOTOR SPEEDWAY, 4790 WEST 16TH STREET, INDIANAPOLIS IN 46222
Tina Jane Maher director 2000 BOLTON ROAD, WEST TERRE HAUTE IN 47885
Thomas Craig Martin director 2609 STERLING AVENUE, BLOOMINGTON IN 47401
Richard Jerome Shagley director 1924 S FRUITRIDGE AVENUE, TERRE HAUTE IN 47803
Blade Mark Jason Sr director 3755 NORTH ANDERSON DRIVE, TERRE HAUTE IN 47803
Mark Allen Franklin officer: Chief Lending Officer 2600 S ROBINS BOW, BLOOMINGTON IN 47401
Michael A Carty director 322 S WASHINGTON ST, CLINTON IN 47842
Gregory L Gibson director 12081 EAST RIO GRANDE, BRAZIL IN 47834
Norman L Lowery director, officer: President & C.E.O. 93 ALLENDALE, TERRE HAUTE IN 47802
Norman D Lowery officer: Chief Operations Officer ONE FIRST FINANCIAL PLAZA, TERRE HAUTE X1 47807

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