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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 Jun. 2024 was $773 Mil. Axos Financial's average total debt for the quarter that ended in Jun. 2024 was $418 Mil. Therefore, Axos Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 185.02%.
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.
Axos Financial Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 26.27 | 15.03 | 9.24 | 73.73 | 160.05 |
Axos Financial Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 130.28 | 123.53 | 137.12 | 170.96 | 185.02 |
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.
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's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Jun. 2023 ) | + | Total Debt (A: Jun. 2024 )) | / count ) |
= | -1 * -694.178 | / | ( (451.779 | + | 415.679) | / 2 ) |
= | -1 * -694.178 | / | 433.729 | |||
= | 160.05 % |
where
Total Debt (A: Jun. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 451.779 | + | 0 |
= | 451.779 |
Total Debt (A: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 385.679 | + | 30 |
= | 415.679 |
Axos Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Mar. 2024 ) | + | Total Debt (Q: Jun. 2024 )) | / count ) |
= | -1 * -773.464 | / | ( (420.389 | + | 415.679) | / 2 ) |
= | -1 * -773.464 | / | 418.034 | |||
= | 185.02 % |
where
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 420.389 | + | 0 |
= | 420.389 |
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 385.679 | + | 30 |
= | 415.679 |
* 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 (Jun. 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.
Thank you for viewing the detailed overview of Axos Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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