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Oconee Financial (Oconee Financial) Effective Interest Rate on Debt % : 84.87% (As of Mar. 2024)


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What is Oconee 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. Oconee Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $8.78 Mil. Oconee Financial's average total debt for the quarter that ended in Mar. 2024 was $10.35 Mil. Therefore, Oconee Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 84.87%.


Oconee Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Oconee 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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Oconee Financial Effective Interest Rate on Debt % Chart

Oconee Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - 19.73 16.83 14.73 57.92

Oconee Financial 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 29.08 27.22 24.96 44.17 84.87

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

For the Banks - Regional subindustry, Oconee 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.


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

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

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



Oconee Financial Effective Interest Rate on Debt % Calculation

Oconee 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  *  -5.838/( (9.818+10.342)/ 2 )
=-1  *  -5.838/10.08
=57.92 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.342 + 0
=10.342

Oconee Financial'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  *  -8.78/( (10.342+10.348)/ 2 )
=-1  *  -8.78/10.345
=84.87 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.342 + 0
=10.342

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.348 + 0
=10.348

* 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.


Oconee Financial  (OTCPK:OSBK) Effective Interest Rate on Debt % Explanation

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


Oconee Financial Effective Interest Rate on Debt % Related Terms

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Oconee Financial (Oconee Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
41 N. Main Street, Watkinsville, GA, USA, 30677
Oconee Financial Corp is a United States-based commercial bank. The bank offers personal and business products and services including checking, savings, CDs, loans, mortgages, credit cards, safe deposit boxes, mobile deposits, business loans, and treasury services.
Executives
G Robert Bishop director 1741 EXPERIMENT STATION ROAD, WATKINSVILLE GA 30677
B Amrey Harden director, officer: President and CEO 35 NORTH MAIN STREET, P.O. BOX 205, WATKINSVILLE GA 30677
Hale J Albert Sr director P.O.BOX 205, WATKINSVILLE GA 30677
Steven Anthony Rogers officer: Chief Financial Officer 35 NORTH MAIN STREET, PO BOX 205, WATKINSVILLE GA 30677
Virginia S Wells director, 10 percent owner OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677
Ann B. Powers director 1051 ROSE CREEK DRIVE, WATKINSVILLE GA 30087
Douglas D Dickens director 1071 RAYS CHURCH RD, BISHOP GA 30621
Henry C Maxey director 1181 MAXEY ROAD, BISHOP GA 30621
Jimmy L Christopher director P.O. BOX 405, WATKINSVILLE GA 30677
Tom F Wilson officer: Executive Vice President OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677