High Country Bancorp (High Country Bancorp) Effective Interest Rate on Debt % : 16.78% (As of Mar. 2024)

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What is High Country 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. High Country Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.09 Mil. High Country Bancorp's average total debt for the quarter that ended in Mar. 2024 was $36.30 Mil. Therefore, High Country Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.78%.

High Country Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for High Country 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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High Country Bancorp Effective Interest Rate on Debt % Chart

High Country Bancorp Annual Data

Trend

Jun02

Jun03

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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650.00

9.87

6.55

5.96

High Country 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															22.86	18.46	19.87	21.42	16.78

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

For the Banks - Regional subindustry, High Country 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.

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

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

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

High Country Bancorp Effective Interest Rate on Debt % Calculation

High Country Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -1.353	/	( (0	+	22.7)	/ 1 )
=	-1 * -1.353	/	22.7
=	5.96 %

where

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

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.7	+	0
=	22.7

High Country 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 * -6.092	/	( (30.5	+	42.1)	/ 2 )
=	-1 * -6.092	/	36.3
=	16.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.5	+	0
=	30.5

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.1	+	0
=	42.1

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.

High Country Bancorp (OTCPK:HCBC) Effective Interest Rate on Debt % Explanation

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

High Country Bancorp Effective Interest Rate on Debt % Related Terms

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High Country Bancorp (High Country Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » High Country Bancorp Inc (OTCPK:HCBC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7360 West US Highway 50, P.O. Box 309, Salida, CO, USA, 81201

Website

https://www.highcountrybank.net

High Country Bancorp Inc is a full-service financial institution delivering banking and investment solutions for both consumers and businesses. Its primary deposit products are non interest-bearing and interest-bearing checking accounts, savings accounts and time deposit accounts, and its primary lending products are real estate mortgage loans, construction, consumer and commercial loans.

Executives

Lorin D Smith	director, officer: President & CEO
Scott G Erchul	director, officer: Vice President
Frances Pasquale	officer: Acting CFO	7360 WEST US HIGHWAY 50, SALIDA CO 81201
Young Richard A /co	director
Philip W Harsh	director	7360 WEST US HIGHWAY 50, SALIDA CO 81201