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Fidelity Southern (Fidelity Southern) Effective Interest Rate on Debt % : 13.10% (As of Mar. 2019)


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What is Fidelity Southern 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. Fidelity Southern's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was $35.6 Mil. Fidelity Southern's average total debt for the quarter that ended in Mar. 2019 was $271.8 Mil. Therefore, Fidelity Southern's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 was 13.10%.


Fidelity Southern Effective Interest Rate on Debt % Historical Data

The historical data trend for Fidelity Southern'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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Fidelity Southern Effective Interest Rate on Debt % Chart

Fidelity Southern Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 4.74 5.89 7.16 12.00

Fidelity Southern Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 7.45 8.10 10.11 12.80 13.10

Competitive Comparison of Fidelity Southern's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Fidelity Southern'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.


Fidelity Southern's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Fidelity Southern Effective Interest Rate on Debt % Calculation

Fidelity Southern's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -31.9/( (271.167+260.467)/ 2 )
=-1  *  -31.9/265.817
=12.00 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.587 + 150.58
=271.167

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.707 + 139.76
=260.467

Fidelity Southern's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2018 )+Total Debt  (Q: Mar. 2019 ))/ count )
=-1  *  -35.596/( (260.467+283.186)/ 2 )
=-1  *  -35.596/271.8265
=13.10 %

where

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.707 + 139.76
=260.467

Total Debt  (Q: Mar. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.733 + 162.453
=283.186

* 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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Fidelity Southern  (NAS:LION) Effective Interest Rate on Debt % Explanation

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


Fidelity Southern Effective Interest Rate on Debt % Related Terms

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Fidelity Southern (Fidelity Southern) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3490 Piedmont Road, Suite 1550, Atlanta, GA, USA, 30305
Fidelity Southern Corporation operates as the bank holding company based in the metropolitan Atlanta area. It offers financial products and services for business and retail customers primarily in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton and Florida markets. The company serves both individuals and small to medium-sized businesses. It is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. In addition, it also conducts indirect automobile lending, residential mortgage lending, and Small Business Administration lending activities in over 10 states.
Executives
William Millard Choate director 3490 PIEDMONT ROAD, SUITE 1550, ATLANTA GA 30305
Rodney D Bullard director 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Miller James B Jr director, 10 percent owner, officer: Chairman, other: Executive Officer C/O FIDELITY SOUTHERN CORPORATION, 3490 PIEDMONT ROAD #1550, ATLANTA GA 30305
Proctor H Palmer Jr director, officer: Executive officer
Stephen H Brolly officer: Chief Financial Officer, other: Executive Officer 500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Miller James H Iii director GEORGIA POWER CO, BIN 10240 241 RALPH MCGILL BLVD, ATLANTA GA 30308-3374