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Cornerstone Financial (Cornerstone Financial) Effective Interest Rate on Debt % : 13.15% (As of Mar. 2012)


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What is Cornerstone 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. Cornerstone Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2012 was $3.35 Mil. Cornerstone Financial's average total debt for the quarter that ended in Mar. 2012 was $25.50 Mil. Therefore, Cornerstone Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2012 was 13.15%.


Cornerstone Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Cornerstone 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.

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Cornerstone Financial Effective Interest Rate on Debt % Chart

Cornerstone Financial Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 63.37 26.91 17.58 13.00 13.06

Cornerstone Financial Quarterly Data
Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12
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 13.14 13.47 13.23 12.38 13.15

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

For the Banks - Regional subindustry, Cornerstone 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.


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

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

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



Cornerstone Financial Effective Interest Rate on Debt % Calculation

Cornerstone Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2011 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2010 )+Total Debt  (A: Dec. 2011 ))/ count )
=-1  *  -4.303/( (32.877+33)/ 2 )
=-1  *  -4.303/32.9385
=13.06 %

where

Total Debt  (A: Dec. 2010 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28 + 4.877
=32.877

Cornerstone Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2011 )+Total Debt  (Q: Mar. 2012 ))/ count )
=-1  *  -3.352/( (33+18)/ 2 )
=-1  *  -3.352/25.5
=13.15 %

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 (Mar. 2012) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Cornerstone Financial  (OTCPK:CFIC) Effective Interest Rate on Debt % Explanation

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


Cornerstone Financial Effective Interest Rate on Debt % Related Terms

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Cornerstone Financial (Cornerstone Financial) Business Description

Traded in Other Exchanges
N/A
Address
6000 Midlantic Drive, Suite 120S, Mount Laurel, NJ, USA, 08054
Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses and professionals. It offers savings, business lending, mobile banking, online banking, and other services.

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