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Bank OZK (Bank OZK) Effective Interest Rate on Debt % : 59.22% (As of Dec. 2023)


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What is Bank OZK 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. Bank OZK's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $940 Mil. Bank OZK's average total debt for the quarter that ended in Dec. 2023 was $1,587 Mil. Therefore, Bank OZK's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 59.22%.


Bank OZK Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank OZK'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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Bank OZK Effective Interest Rate on Debt % Chart

Bank OZK 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 49.08 21.47 7.04 10.77 58.61

Bank OZK 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 26.58 32.74 39.95 45.67 59.22

Competitive Comparison of Bank OZK's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bank OZK'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.


Bank OZK's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Bank OZK Effective Interest Rate on Debt % Calculation

Bank OZK'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  *  -688.688/( (1075.204+1274.731)/ 2 )
=-1  *  -688.688/1174.9675
=58.61 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1075.204 + 0
=1075.204

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1274.731 + 0
=1274.731

Bank OZK'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  *  -939.788/( (1899.4+1274.731)/ 2 )
=-1  *  -939.788/1587.0655
=59.22 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1899.4 + 0
=1899.4

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1274.731 + 0
=1274.731

* 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.


Bank OZK  (NAS:OZK) Effective Interest Rate on Debt % Explanation

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


Bank OZK Effective Interest Rate on Debt % Related Terms

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Bank OZK (Bank OZK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank OZK (NAS:OZK) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
18000 Cantrell Road, Little Rock, AR, USA, 72223
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices primarily in the southeastern United States, as well as Texas, New York, and California. The bank holding company also owns a number of finance subsidiary business trusts formed in connection with the issuance of debt and preferred securities. Bank of the Ozarks provides a wide range of retail and commercial banking services, but principally concentrates its activities on real estate loans, which account for the great majority of the bank's loans and leases. The bank's real estate lending arm, which finances many metropolitan construction and development projects, extends further than many of its community banking competitors.
Executives
Kathleen M Franklin director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Bradly Rebel officer: Chief Audit Executive 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dennis R James officer: EVP/Director of M & A 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Mullen Walter J Iii director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Paula H Cholmondeley director 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
Timothy D Hicks officer: EVP Corporate Finance 17901 CHENAL PARKWAY, LITTLE ROCK AR 72227
John Crawford Carter officer: Director Community Bank Lend 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Edward J Wydock officer: Chief Risk Officer SUSQUEHANNA BANCSHARES, INC., 26 N CEDAR ST, LITITZ PA 17543
William A Koefoed director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Jennifer R Junker officer: Dir of Trust and Wealth Mgmt 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Matthew Reddin officer: Dir of Comm Bank Lending 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Ross M Whipple director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Catherine B Freedberg director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Peter C Kenny director 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223
Dan Thomas officer: Chief Lending Officer 17901 CHENAL PARKWAY, LITTLE ROCK AR 72223