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Investar Holding (Investar Holding) Effective Interest Rate on Debt % : 24.19% (As of Dec. 2023)


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What is Investar Holding 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. Investar Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $72.71 Mil. Investar Holding's average total debt for the quarter that ended in Dec. 2023 was $300.57 Mil. Therefore, Investar Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.19%.


Investar Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Investar Holding'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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Investar Holding Effective Interest Rate on Debt % Chart

Investar Holding 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 11.99 11.59 7.84 5.19 16.11

Investar Holding 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 10.90 16.85 20.11 24.19 24.95

Competitive Comparison of Investar Holding's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Investar Holding'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.


Investar Holding's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Investar Holding Effective Interest Rate on Debt % Calculation

Investar Holding'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  *  -58.681/( (439.74+288.95)/ 2 )
=-1  *  -58.681/364.345
=16.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=439.74 + 0
=439.74

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=288.95 + 0
=288.95

Investar Holding'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  *  -72.708/( (312.198+288.95)/ 2 )
=-1  *  -72.708/300.574
=24.19 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312.198 + 0
=312.198

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=288.95 + 0
=288.95

* 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.


Investar Holding  (NAS:ISTR) Effective Interest Rate on Debt % Explanation

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


Investar Holding Effective Interest Rate on Debt % Related Terms

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Investar Holding (Investar Holding) Business Description

Industry
Traded in Other Exchanges
Address
10500 Coursey Boulevard, Baton Rouge, LA, USA, 70816
Investar Holding Corp is a US-based financial holding company. Through its subsidiaries, it offers a variety of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals. It has business operations spread across the United States and serves its customers through several service branches. The bank also offers cashiers' checks, direct deposit of payroll and Social Security checks, night depository, bank-by-mail, automated teller machines with deposit automation and debit cards.
Executives
John J D'angelo officer: Chief Executive Officer 418 PECAN MEADOW DRIVE, BATON ROUGE LA 70810
Andrew C Nelson director 3235 MCCONNELL DRIVE, BATON ROUGE LA 70809
Linda M Crochet officer: Chief Operations Officer 10500 COURSEY BLVD, BATON ROUGE LA 70816
Anita M Fontenot director 217 WORTH AVENUE, LAFAYETTE LA 70508
Julio A Melara director 18580 SANTA MARIA DRIVE, BATON ROUGE LA 70809
James E Yegge director 19434 S LAKEWAY AVENUE, BATON ROUGE LA 70810
Rose J Hudson director 555 LAUREL STREET, BATON ROUGE LA 70801
William H Hidalgo director 1501 FRONT STREET P O BOX 790, MORGAN CITY LA 70381
John R Campbell officer: Chief Financial Officer 10500 COURSEY BOULEVARD, BATON ROUGE LA 70816
Robert Chris Jordan director 204-C EAST MAIN STREET, NEW IBERIA LA 70560
Moore Corey E officer: Chief Accounting Officer 10500 COURSEY BOULEVARD, BATON ROUGE LA 70816
Joffrion Gordon H Iii director 10218 VERANDA COURT, BATON ROUGE LA 70810
James M Baker director 18423 N MISSION HILLS AVENUE, BATON ROUGE LA 70810
Jeffrey Wayne Martin officer: Chief Credit Officer 10500 COURSEY BLVD, BATON ROUGE LA 70816
Suzanne O Middleton director 340 LAKE AVENUE, METAIRIE LA 70005