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Community Bancorp (Community Bancorp) Effective Interest Rate on Debt % : 21.75% (As of Mar. 2024)


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What is Community Bancorp 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. Community Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $18.01 Mil. Community Bancorp's average total debt for the quarter that ended in Mar. 2024 was $82.79 Mil. Therefore, Community Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.75%.


Community Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Community 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.

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Community Bancorp Effective Interest Rate on Debt % Chart

Community Bancorp 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 40.99 31.05 20.89 28.41 31.08

Community Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 63.35 34.52 25.19 23.74 21.75

Competitive Comparison of Community Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Community 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.


Community Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Community Bancorp Effective Interest Rate on Debt % Calculation

Community Bancorp'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  *  -12.693/( (14.187+67.487)/ 2 )
=-1  *  -12.693/40.837
=31.08 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.187 + 0
=14.187

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=67.487 + 0
=67.487

Community Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -18.008/( (67.487+98.087)/ 2 )
=-1  *  -18.008/82.787
=21.75 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=67.487 + 0
=67.487

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=98.087 + 0
=98.087

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Community Bancorp  (OTCPK:CMTV) Effective Interest Rate on Debt % Explanation

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


Community Bancorp Effective Interest Rate on Debt % Related Terms

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Community Bancorp (Community Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4811 US Route 5, Derby, VT, USA, 05829
Community Bancorp Inc is a holding company that provides a complete line of personal and business banking services with personal services and solutions. It mainly offers Business banking, Commercial real estate lending, residential real estate lending, Retail credit, Municipal and Institutional Banking, and Retail Banking. The company's product and service portfolio consists of deposit services, loan services, investment services, mortgages, business lending, and others. The bank offers a complete line of personal and business products and services along with offerings for non-profit organizations, municipalities and local governments.
Executives
Aminta K Conant director 4811 US ROUTE 5, DERBY VT 05829
David Mark Bouffard director 33 MOUNTAIN VIEW DRIVE, NEWPORT VT 05855
Carol Martin director 4811 US ROUTE 5, DERBY VT 05829
Bruce D Baker director 4811 US ROUTE 5, DERBY VT 05829
Wheeler James G. Jr. director 4811 US ROUTE 5, DERBY VT 05829
Jeffrey Lee Moore director 4811 US ROUTE 5, DERBY VT 05829
Christopher L. Caldwell officer: EVP & Chief Lending Officer 4811 US ROUTE 5, DERBY VT 05829
Emma Marvin director 4811 US ROUTE 5, DERBY VT 05829
Leslie Delhaie officer: EVP/COIO 4811 US ROUTE 5, DERBY VT 05829
Louise M Bonvechio officer: Vice President & CFO 4811 US ROUTE 5, DERBY VT 05829
Jacques R Couture director 4811 US ROUTE 5, DERBY VT 05829
Frederic Oeschger director 4811 US ROUTE 5, DERBY VT 05829
David Laforce director 4811 US ROUTE 5, DERBY VT 05829
Dorothy R Mitchell director 4811 US ROUTE 5, DERBY VT 05829
Kathryn M Austin officer: Executive Vice President 4811 US ROUTE 5, DERBY VT 05829

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