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Coastal Financial (Coastal Financial) Effective Interest Rate on Debt % : 212.00% (As of Dec. 2023)


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What is Coastal Financial 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. Coastal Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $114.3 Mil. Coastal Financial's average total debt for the quarter that ended in Dec. 2023 was $53.9 Mil. Therefore, Coastal Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 212.00%.


Coastal Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Coastal 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.

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Coastal Financial Effective Interest Rate on Debt % Chart

Coastal Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 19.99 14.47 6.94 36.42 171.81

Coastal Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 107.56 118.49 159.95 193.19 212.00

Competitive Comparison of Coastal Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Coastal 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.


Coastal Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Coastal Financial Effective Interest Rate on Debt % Calculation

Coastal Financial'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  *  -91.644/( (52.821+53.858)/ 2 )
=-1  *  -91.644/53.3395
=171.81 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.821 + 0
=52.821

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.858 + 0
=53.858

Coastal Financial'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  *  -114.344/( (54.016+53.858)/ 2 )
=-1  *  -114.344/53.937
=212.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.016 + 0
=54.016

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.858 + 0
=53.858

* 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.


Coastal Financial  (NAS:CCB) Effective Interest Rate on Debt % Explanation

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


Coastal Financial Effective Interest Rate on Debt % Related Terms

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Coastal Financial (Coastal Financial) Business Description

Industry
Traded in Other Exchanges
Address
5415 Evergreen Way, Everett, WA, USA, 98203
Coastal Financial Corp is a financial service provider. The company is engaged in providing banking products and services to consumers and small to medium sized businesses. The operating segment of the company is community banking. The services provided by the company include online banking and pay, mobile banking, securlock equip, and loans and deposit.
Executives
Eric M Sprink director, officer: President & CEO 5415 EVERGREEN WAY, EVERETT WA 98203
Steven D Hovde director 1110 LAKE COOK ROAD, SUITE 165, BUFFALO GROVE IL 60089
Andrew P Skotdal director 5415 EVERGREEN WAY, EVERETT WA 98203
John J Dickson officer: Chief Operations Officer C/O COASTAL FINANCIAL CORP, 5415 EVERGREEN WAY, EVERETT WA 98203
Russ A Keithley officer: Chief Lending Officer 5415 EVERGREEN WAY, EVERETT WA 98203
Curt Queyrouze officer: President 5415 EVERGREEN WAY, EVERETT WA 98203
Thomas D Lane director 5415 EVERGREEN WAY, EVERETT WA 98203
Michael Robert Patterson director 5415 EVERGREEN WAY, EVERETT WA 98203
Andrew R Dale director 5415 EVERGREEN WAY, EVERETT WA 98203
Pamela Unger director 5415 EVERGREEN WAY, EVERETT WA 98203
Rilla S Delorier director 5415 EVERGREEN WAY, EVERETT WA 98203
Daniel J Lee officer: EVP & Chief Credit & Risk Off. 5415 EVERGREEN WAY, EVERETT WA 98203
Sadhana Akella-mishra director 5415 EVERGREEN WAY, EVERETT WA 98203
Haugen John M Jr director 5415 EVERGREEN WAY, EVERETT VA 98203
Stephan Klee director 5415 EVERGREEN WAY, EVERETT WA 98203

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