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Axos Financial (Axos Financial) Effective Interest Rate on Debt % : 170.96% (As of Mar. 2024)


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What is Axos 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. Axos Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $728 Mil. Axos Financial's average total debt for the quarter that ended in Mar. 2024 was $426 Mil. Therefore, Axos Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 170.96%.


Axos Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Axos 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.

* Premium members only.

Axos Financial Effective Interest Rate on Debt % Chart

Axos Financial Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.44 26.27 15.03 9.24 73.73

Axos 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 100.98 130.28 123.53 137.12 170.96

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

For the Banks - Regional subindustry, Axos 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.


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

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

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



Axos Financial Effective Interest Rate on Debt % Calculation

Axos Financial'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  *  -374.017/( (562.744+451.779)/ 2 )
=-1  *  -374.017/507.2615
=73.73 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=535.244 + 27.5
=562.744

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=451.779 + 0
=451.779

Axos 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  *  -727.832/( (431.086+420.389)/ 2 )
=-1  *  -727.832/425.7375
=170.96 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=431.086 + 0
=431.086

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=420.389 + 0
=420.389

* 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.


Axos Financial  (NYSE:AX) Effective Interest Rate on Debt % Explanation

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


Axos Financial Effective Interest Rate on Debt % Related Terms

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Axos Financial (Axos Financial) Business Description

Industry
Traded in Other Exchanges
Address
9205 West Russell Road, Suite 400, Las Vegas, NV, USA, 89148
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
Executives
Andrew J Micheletti officer: VP & Chief Financial Officer C/O AXOS FINANCIAL, 4350 LA JOLLA VILLAGE DRIVE STE 140, SAN DIEGO CA 92122
Edward James Ratinoff director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Gregory Garrabrants director, officer: President & CEO 9205 WEST RUSSELL ROAD, SUITE #400, LAS VEGAS NV 89148
David M Crow other: EVP, Head of Axos Clearing 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Mosich Nick director 12777 HIGH BLUFF DRIVE, SUITE #100, SAN DIEGO CA 92130
Paul Grinberg director C/O ENCORE CAPITAL GROUP INC, 8875 AERO DRIVE, SUITE 200, SAN DIEGO CA 92123
Ron Pitters other: SVP, Head of Axos Securities 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
James John Court director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Uzair Dada director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Tamara N Bohlig director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Thomas M Constantine other: EVP and Chief Credit Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Roque A Santi director C/O ECC CAPITAL CORPORATION, 1833 ALTON PARKWAY, IRVINE CA 92606
Brian D Swanson other: EVP, Chief Lending Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Eshel Bar-adon officer: EVP, Chief Legal Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122