What is FirstMerit 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. FirstMerit's annualized positive value of Interest Expense for the quarter that ended in Jun. 2016 was $61 Mil. FirstMerit's average total debt for the quarter that ended in Jun. 2016 was $947 Mil. Therefore, FirstMerit's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2016 was 6.45%.
FirstMerit Effective Interest Rate on Debt % Historical Data
The historical data trend for FirstMerit'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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FirstMerit Effective Interest Rate on Debt % Chart
Competitive Comparison of FirstMerit's Effective Interest Rate on Debt %
For the Banks - Regional subindustry, FirstMerit'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.
FirstMerit's Effective Interest Rate on Debt % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, FirstMerit's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where FirstMerit's Effective Interest Rate on Debt % falls into.
FirstMerit Effective Interest Rate on Debt % Calculation
FirstMerit's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as
* 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. 2016) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
FirstMerit (NAS:FMER) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
FirstMerit Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of FirstMerit's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Firstmerit Corp was organized in 1981 under the laws of the State of Ohio, It is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois, Michigan, Wisconsin and Western Pennsylvania. The Company manages its operations through the following primary lines of business: Commercial, Retail, Wealth and Other. Banking services are provided by the Company's national banking subsidiary, FirstMerit Bank. The Bank's trust department offers wealth management and trust services. The majority of its customers are comprised of consumers and small and medium sized businesses. The Bank has a small international department to service clients in its markets. The Company competes with other local, regional and national providers of financial services such as other bank holding companies, commercial banks, savings associations, credit unions, consumer and commercial finance companies, equipment leasing companies, mortgage banking companies, investment brokers and other brokerage institutions, money market and mutual funds and insurance companies. The Company is subject to extensive regulation, examination and supervision under by federal and state law.
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