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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. Sun Bancorp's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was $10.44 Mil. Sun Bancorp's average total debt for the quarter that ended in Sep. 2017 was $155.75 Mil. Therefore, Sun Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 was 6.70%.
The historical data trend for Sun Bancorp'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.
Sun Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 13.26 | 9.49 | 7.62 | 5.56 | 5.79 |
Sun Bancorp Quarterly Data | ||||||||||||||||||||
Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 5.95 | 6.25 | 6.34 | 7.68 | 6.70 |
For the Banks - Regional subindustry, Sun Bancorp'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.
For the Banks industry and Financial Services sector, Sun Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Sun Bancorp's Effective Interest Rate on Debt % falls into.
Sun Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2015 ) | + | Total Debt (A: Dec. 2016 )) | / count ) |
= | -1 * -10.706 | / | ( (185.091 | + | 184.494) | / 2 ) |
= | -1 * -10.706 | / | 184.7925 | |||
= | 5.79 % |
where
Total Debt (A: Dec. 2015 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 185.091 | + | 0 |
= | 185.091 |
Total Debt (A: Dec. 2016 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 184.494 | + | 0 |
= | 184.494 |
Sun Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Jun. 2017 ) | + | Total Debt (Q: Sep. 2017 )) | / count ) |
= | -1 * -10.436 | / | ( (168.718 | + | 142.784) | / 2 ) |
= | -1 * -10.436 | / | 155.751 | |||
= | 6.70 % |
where
Total Debt (Q: Jun. 2017 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 168.718 | + | 0 |
= | 168.718 |
Total Debt (Q: Sep. 2017 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 142.784 | + | 0 |
= | 142.784 |
* 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 (Sep. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Sun Bancorp (NAS:SNBC) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Sun Bancorp's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Patricia M Schaubeck | officer: EVP & General Counsel | C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901 |
Sidney R Brown | director | 226 LANDIS AVENUE, VINELAND NJ 08360 |
Nicos Katsoulis | officer: EVP/Chief Lending Officer | C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753 |
Michele B Estep | officer: EVP/Chief Administrative Offic, other: of Sun National Bank | 226 LANDIS AVENUE, VINELAND NJ 08360 |
Grace C Torres | director | C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102 |
Anthony R Coscia | director | C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663 |
Neelesh Kalani | officer: SVP/Chief Accounting Officer | SUN BANCORP, INC., 226 LANDIS AVENUE, VINELAND PA 19087 |
Thomas R Brugger | officer: EVP/Chief Financial Officer | 1130 BERKSHIRE BLVD, WYOMISSING PA 19610 |
Keith Stock | director | 1819 A WEST ST ANNAPOLIS MD 21401 |
William J Marino | director | COMPUTER HORIZONS, 49 OLD BLOOMFIELD AVE, MOUNTAIN LAKES NJ 07046 |
Thomas M Obrien | director, officer: President & CEO | C/O STATE BANK OF LONG ISLAND, 2 JERICHO PLAZA, JERICHO NY 11753 |
Alberino J Celini | officer: EVP/Chief Risk Officer, other: of Sun National Bank | 226 LANDIS AVENUE, VINELAND NJ 08360 |
Steven A Kass | director | 226 LANDIS AVENUE, VINELAND NJ 08360 |
Thomas X Geisel | director, officer: President & CEO | 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
Ross Wilbur L Jr | director, 10 percent owner | 328 EL VEDADO ROAD, PALM BEACH FL 33480 |
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