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Cambridge Bancorp (Cambridge Bancorp) Effective Interest Rate on Debt % : 31.33% (As of Dec. 2023)


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What is Cambridge 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. Cambridge Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $115.2 Mil. Cambridge Bancorp's average total debt for the quarter that ended in Dec. 2023 was $367.7 Mil. Therefore, Cambridge Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 31.33%.


Cambridge Bancorp Effective Interest Rate on Debt % Historical Data

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

Cambridge Bancorp Annual Data
Trend Dec14 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 13.36 7.58 9.16 18.34 32.04

Cambridge 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 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 35.01 27.81 31.25 31.33 22.28

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

For the Banks - Regional subindustry, Cambridge 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.


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

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

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



Cambridge Bancorp Effective Interest Rate on Debt % Calculation

Cambridge Bancorp'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  *  -97.728/( (132.625+477.32)/ 2 )
=-1  *  -97.728/304.9725
=32.04 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.625 + 0
=132.625

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.32 + 0
=477.32

Cambridge Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -115.2/( (258.101+477.32)/ 2 )
=-1  *  -115.2/367.7105
=31.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=258.101 + 0
=258.101

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.32 + 0
=477.32

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Cambridge Bancorp  (NAS:CATC) Effective Interest Rate on Debt % Explanation

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


Cambridge Bancorp Effective Interest Rate on Debt % Related Terms

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Cambridge Bancorp (Cambridge Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1336 Massachusetts Avenue, Cambridge, MA, USA, 02138
Cambridge Bancorp is a United States-based bank holding company. Its core services include Wealth Management, Commercial Banking, Residential Lending, and Personal Banking. It provides banking services such as deposit accounts, online and mobile banking, business banking, wealth planning and other services. The company's loan portfolio comprises Residential & commercial mortgages, Home equity, Commercial & Industrial and Consumer.
Executives
Joseph P. Sapienza officer: SVP, Interim CFO 26 MANTER MILL ROAD, LONDONDERRY NH 03053
Simon R Gerlin director C/O CLEAN HARBORS, INC., 42 LONGWATER DRIVE, NORWELL MA 02061-9149
Jeffrey F. Smith officer: EVP/Head of Wealth Mgmt 83 WESTON FARM PATH, MARSHFIELD MA 02050
Stone Robert Gregg Iii director 78 BLANCHARD ROAD, BURLINGTON MA 01803
Denis K Sheahan director, officer: Chairman & CEO 78 BLANCHARD ROAD, BURLINGTON MA 01803
Hambleton Douglas Lord director 78 BLANCHARD ROAD, BURLINGTON MA 01803
Michael Carotenuto officer: Senior VP & CFO 78 BLANCHARD ROAD, BURLINGTON MA 01803
Martin B Millane officer: Exec VP & Chief Lending Off 78 BLANCHARD ROAD, BURLINGTON MA 01803
Peter J. Halberstadt officer: SVP, Chief Credit Officer 11 VIRGINIA ROAD, NEWTON MA 02466
Steven J. Mead officer: SVP, Head of Commercial Serv. 64 SPRINGS ROAD, BEDFORD MA 01730
Jane C. Walsh director 47 MYSTIC VALLEY PARKWAY, WINCHESTER MA 01890
Andargachew S Zelleke director C/O CAMBRIDGE BANCORP, 1336 MASSACHUSETTS AVENUE, CAMBRIDGE MA 02138
Kerri Mooney officer: SVP Dir. of Banking Offices 78 BLANCHARD ROAD, BURLINGTON MA 01803
Danielle Remis Hackel officer: Chief Marketing Officer C/O CAMBRIDGE BANCORP, 78 BLANCHARD RD, BURLINGTON MA 01803
Cathleen Agnes Schmidt director 78 BLANCHARD ROAD, BURLINGTON MA 01803