NewtekOne (NAS:NEWT) Effective Interest Rate on Debt %

: 9.02% (As of Mar. 2023)

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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. NewtekOne's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $56.5 Mil. NewtekOne's average total debt for the quarter that ended in Mar. 2023 was $626.9 Mil. Therefore, NewtekOne's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 9.02%.

NewtekOne Effective Interest Rate on Debt % Historical Data

The historical data trend for NewtekOne'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.

* Premium members only.

NewtekOne Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

5.82

5.27

3.96

4.36

5.12

NewtekOne Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %																3.94	4.72	5.15	6.48	9.02

Competitive Comparison

For the Banks - Regional subindustry, NewtekOne'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.

Annual Data Quarterly Data

NewtekOne Effective Interest Rate on Debt % Distribution

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

* The bar in red indicates where NewtekOne's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.

NewtekOne Effective Interest Rate on Debt % Calculation

NewtekOne's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -26.325	/	( (481.108	+	547.299)	/ 2 )
=	-1 * -26.325	/	514.2035
=	5.12 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	481.108	+	0
=	481.108

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	547.299	+	0
=	547.299

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -56.528	/	( (547.299	+	706.539)	/ 2 )
=	-1 * -56.528	/	626.919
=	9.02 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	547.299	+	0
=	547.299

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	539.035	+	167.504
=	706.539

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

NewtekOne (NAS:NEWT) Effective Interest Rate on Debt % Explanation

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

NewtekOne Effective Interest Rate on Debt % Related Terms

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NewtekOne (NAS:NEWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NewtekOne Inc (NAS:NEWT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1N31:Germany

Address

4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431

Website

https://www.newtekone.com

NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.

Executives

Fernando Perez-hickman	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Halli Razon-feingold	director	4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young	officer: Chief Risk Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger	officer: Chief Accounting Officer	348 ALFRED STREET, NORTH BABYLON NY 11703
Christopher Towers	officer: Chief Accounting Officer	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Gregory L Zink	director	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Nilesh Joshi	officer: Chief Information Officer	5617 W. MOLLY LANE, PHOENIX AZ 85083
Dean Choksi	officer: Treasurer	212 WEST 35TH STREET, FLOOR 2, NEW YORK NY 10001
John Raven	officer: Chief Info. Security Officer
Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Michael Adam Schwartz	officer: Chief Legal Officer, Secretary	C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Barry Sloane	director, officer: CEO and President
Peter Mathison Downs	director	1440 PINEACRES BLVD, BAY SHORE NY 11706
Salvatore Francis Mulia	director	4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Jennifer Catherine Eddelson	officer: Principal Financial Officer	60 HEMPSTEAD AVENUE, 6TH FLOOR, WEST HEMPSTEAD NY 11552