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Central Pacific Financial (Central Pacific Financial) Effective Interest Rate on Debt %

: 48.88% (As of Dec. 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. Central Pacific Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $91.9 Mil. Central Pacific Financial's average total debt for the quarter that ended in Dec. 2023 was $188.0 Mil. Therefore, Central Pacific Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 48.88%.


Central Pacific Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Central Pacific 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.

* Premium members only.

Central Pacific Financial 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 10.37 6.16 4.81 11.66 43.57

Central Pacific 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 17.31 27.81 32.68 43.20 48.88

Competitive Comparison

For the Banks - Regional subindustry, Central Pacific 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.


Central Pacific Financial Effective Interest Rate on Debt % Distribution

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

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



Central Pacific Financial Effective Interest Rate on Debt % Calculation

Central Pacific 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  *  -72.657/( (146.748+186.736)/ 2 )
=-1  *  -72.657/166.742
=43.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=141.748 + 5
=146.748

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=186.736 + 0
=186.736

Central Pacific 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  *  -91.884/( (189.227+186.736)/ 2 )
=-1  *  -91.884/187.9815
=48.88 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.227 + 0
=189.227

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=186.736 + 0
=186.736

* 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.


Central Pacific Financial  (NYSE:CPF) Effective Interest Rate on Debt % Explanation

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


Central Pacific Financial Effective Interest Rate on Debt % Related Terms

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Central Pacific Financial (Central Pacific Financial) Business Description

Traded in Other Exchanges
N/A
Address
220 South King Street, Honolulu, HI, USA, 96813
Central Pacific Financial Corp operates in the financial services sector in the United States. It is a full-service commercial bank offering a broad range of banking products and services, including accepting time and demand deposits and originating loans. Bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. The bank is not a member of the Federal Reserve System. The company's loans include commercial loans, construction loans, commercial and residential mortgage loans and consumer loans. The company derives income from interest and fees on loans, interest on investment securities and fees received in connection with deposits and other services.
Executives
Agnes Catherine Ngo officer: EVP and CAO 220 S KING STREET, HONOLULU HI 96817
Camp Friedman Christine H H director 220 SOUTH KING STREET, HONOLULU HI 96813
Arnold D Martines officer: Senior Vice President 220 SOUTH KING ST, HONOLULU HI 96813
Paul K Yonamine director C/O HOKU SCIENTIFIC, INC., 2153 NORTH KING STREET, SUITE 300, HONOLULU HI 96819
Earl E Fry director C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Kisan Jo officer: EVP 220 SOUTH KING ST, 870, HONOLULU HI 96813
Diane Murakami officer: EVP 220 SOUTH KING ST, 870, HONOLULU HI 96813
Jason Fujimoto director 220 SOUTH KING ST, 870, HONOLULU HI 96813
Paul Kosasa director ABC STORE, 766 POHNKAINA ST, HONOLULU HI 96813
Jonathan B Kindred director 220 SOUTH KING STREET, HONOLULU HI 96813
Saedene K Ota director 220 SOUTH KING ST, #870, HONOLULU HI 96813
Wayne K Kamitaki director 220 SOUTH KING ST, #870, HONOLULU HI 96813
Crystal Rose director 47-460 WAIHEE PLACE, KANEOHE HI 96744
Kevin Vincent Dahlstrom officer: EVP, CHIEF MARKETING OFFICER 220 S KING STREET, #870, HONOLULU HI 96813
John C Dean other: Acting Exec Chairman of Board 220 S. KING STREET, HONOLULU HI 96813

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