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Renasant (Renasant) Effective Interest Rate on Debt %

: 53.77% (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. Renasant's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $337.9 Mil. Renasant's average total debt for the quarter that ended in Dec. 2023 was $628.4 Mil. Therefore, Renasant's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 53.77%.


Renasant Effective Interest Rate on Debt % Historical Data

The historical data trend for Renasant'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.

Renasant Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.19 10.72 9.45 7.57 29.93

Renasant 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 % 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 Premium Member Only Premium Member Only Premium Member Only 11.74 16.91 29.18 51.89 53.77

Competitive Comparison

For the Banks - Regional subindustry, Renasant'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.


Renasant Effective Interest Rate on Debt % Distribution

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

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



Renasant Effective Interest Rate on Debt % Calculation

Renasant'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  *  -277.992/( (1128.133+729.4)/ 2 )
=-1  *  -277.992/928.7665
=29.93 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=428.133 + 700
=1128.133

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=429.4 + 300
=729.4

Renasant'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  *  -337.912/( (527.399+729.4)/ 2 )
=-1  *  -337.912/628.3995
=53.77 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=427.399 + 100
=527.399

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=429.4 + 300
=729.4

* 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.


Renasant  (NYSE:RNST) Effective Interest Rate on Debt % Explanation

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


Renasant Effective Interest Rate on Debt % Related Terms

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Renasant (Renasant) Business Description

Industry
Traded in Other Exchanges
N/A
Address
209 Troy Street, Tupelo, MS, USA, 38804-4827
Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation operates in the southern United States.
Executives
Curtis J Perry officer: SEVP P.O. BOX 120, COLUMBUS GA 31902
John Foy director 1881 N PARC CIRCLE, TUPELO MS 38804
Rose J. Flenorl director 209 TROY STREET, TUPELO MS 38804
Holland Neal A Jr director PO BOX 1948, DECATUR AL 35602
Baxter Jimmy R. Iii officer: EVP/Chief Risk Officer 209 TROY ST, TUPELO MS 38804
James W Gray officer: Executive Vice President
John Creekmore director
Edward Robinson Mcgraw officer: CEO/Pres
Mabry James C. Iv officer: EVP and CFO 209 TROY STREET, TUPELO MS 38804
Kelly Hutcheson officer: EVP/Chief Accounting Officer 209 TROY STREET, TUPELO MS 38804
R Rick Hart director, officer: Sr Executive Vice President 916 CHANCERY LN, NASHVILLE TN 37205
Richard Heyer director
Gary D. Butler director 209 TROY STREET, TUPELO MS 38804
Bartow Jr Morgan officer: Executive Vice President 106 E CROGAN STREET, LAWRENCEVILLE GA 30046
Fred F Sharpe director C/O HERITAGE FINANCIAL GROUP, 721 N WESTOVER BOULEVARD, ALBANY GA 31707

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