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Guaranty Bancshares (Guaranty Bancshares) Effective Interest Rate on Debt % : 44.14% (As of Mar. 2024)


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What is Guaranty Bancshares 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. Guaranty Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $68.7 Mil. Guaranty Bancshares's average total debt for the quarter that ended in Mar. 2024 was $155.6 Mil. Therefore, Guaranty Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 44.14%.


Guaranty Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Guaranty Bancshares'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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Guaranty Bancshares Effective Interest Rate on Debt % Chart

Guaranty Bancshares Annual Data
Trend Dec04 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 24.44 12.63 6.56 7.48 22.48

Guaranty Bancshares 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 13.16 17.43 27.56 32.74 44.14

Competitive Comparison of Guaranty Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Guaranty Bancshares'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.


Guaranty Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Guaranty Bancshares Effective Interest Rate on Debt % Calculation

Guaranty Bancshares'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  *  -59.512/( (339.153+190.285)/ 2 )
=-1  *  -59.512/264.719
=22.48 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=339.153 + 0
=339.153

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=185.785 + 4.5
=190.285

Guaranty Bancshares'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  *  -68.66/( (190.285+120.819)/ 2 )
=-1  *  -68.66/155.552
=44.14 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=185.785 + 4.5
=190.285

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.819 + 0
=120.819

* 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.


Guaranty Bancshares  (NYSE:GNTY) Effective Interest Rate on Debt % Explanation

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


Guaranty Bancshares Effective Interest Rate on Debt % Related Terms

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Guaranty Bancshares (Guaranty Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16475 Dallas Parkway, Suite 600, Addison, TX, USA, 75001
Guaranty Bancshares Inc is a bank holding company conducting banking activities through its wholly-owned subsidiary. The company provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management products and services that are tailored to meet the needs of small and medium-sized businesses, professionals, and individuals. It also provides other services such as Credit cards, Personal Loans, Account Management, Business Checking, Treasury Management, Business savings, and other related services. The company generates its revenue from interest on loans and investments, customer service and loan fees, fees related to the sale of mortgage loans, and trust and wealth management services.
Executives
James S. Bunch director 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Jeffrey W Brown director 1400 LAKE HEARN DR, ATLANTA GA 30319
Lisa S. Gallerano officer: VP and General Counsel 16475 DALLAS PARKWAY, SUITE 600, ADDISON TX 75001
Shalene A. Jacobson officer: Senior VP & Chief Risk Officer 16475 DALLAS PKWY, SUITE 100, ADDISON TX 75001
Charles A. Cowell officer: Chm. & EVP-Guaranty Bank&Trust 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Richard W. Baker director 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Sondra Cunningham director P.O. BOX 1158, MT. PLEASANT TX 75455
William Travis Brown officer: Austin Area Chairman P.O. BOX 1158, MT. PLEASANT TX 75455
Tyson T Abston director, officer: Chairman and CEO 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Molly Curl director 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Martin C Bell officer: EVP - Guaranty Bank & Trust 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Randall R. Kucera officer: VP and General Counsel 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Robert P. Sharp officer: EVP - Guaranty Bank & Trust 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
William D. Priefert director 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Daniel J. Muskrat officer: EVP & CIO-Guaranty Bank&Trust 201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455