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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. Tompkins Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $113.7 Mil. Tompkins Financial's average total debt for the quarter that ended in Dec. 2023 was $449.5 Mil. Therefore, Tompkins Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.30%.
The historical data trend for Tompkins 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.
Tompkins 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 | 5.74 | 6.08 | 8.71 | 10.13 | 19.67 |
Tompkins 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 | 20.86 | 19.40 | 22.38 | 28.60 | 25.30 |
For the Banks - Regional subindustry, Tompkins 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.
For the Banks industry and Financial Services sector, Tompkins Financial's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Tompkins Financial's Effective Interest Rate on Debt % falls into.
Tompkins 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 * -87.844 | / | ( (291.3 | + | 602.1) | / 2 ) |
= | -1 * -87.844 | / | 446.7 | |||
= | 19.67 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 50 | + | 241.3 |
= | 291.3 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 125 | + | 477.1 |
= | 602.1 |
Tompkins 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 * -113.704 | / | ( (296.8 | + | 602.1) | / 2 ) |
= | -1 * -113.704 | / | 449.45 | |||
= | 25.30 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 296.8 | + | 0 |
= | 296.8 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 125 | + | 477.1 |
= | 602.1 |
* 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.
Tompkins Financial (AMEX:TMP) 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 Tompkins Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles J Guarino | officer: SVP Chief Bank Operations Off. | 220 LIBERTY STREET, WARSAW NY 14569 |
David Kershaw | officer: SVP, PAO | PO BOX 460, ITHACA NY 14851 |
Matthew D Tomazin | officer: EVP, CFO & Treasurer | PO BOX 460, ITHACA NY 14851 |
Johanna B Anderson | officer: Officer: EVP, Pres., TCB CNY | PO BOX 460, ITHACA NY 14851 |
Alfred J Weber | director | 5 FOXGLOVE LANE, READING PA 19606 |
John D Mcclurg | director | PO BOX 460, ITHACA NY 14851 |
Nancy E. Catarisano | director | 27 FAIRPORT DRIVE, FAIRPORT NY 14450 |
Angela B Lee | director | PO BOX 460, ITHACA NY 14851 |
Diane D Torcello | officer: EVP & President, Tompkins WNY | PO BOX 460, ITHACA NY 14851 |
Gregory J Hartz | officer: Executive Vice Pres. | C/O TOMPKINS TRUSTCO, INC., P.O. BOX 460, ITHACA NY 14851 |
Francis M Fetsko | officer: EVP, CFO, Treasurer | C/O TOMKINS TRUSTCO, INC., PO BOX #460, ITHACA NY 14851 |
Ita M Rahily | director | P.O. BOX 460, ITHACA NY 14851 |
Ginger G Kunkel | officer: President TCB Pennsylvania | 389 COAL MOUNTAIN ROAD, ORWIGSBURG PA 17961 |
Scott L Gruber | officer: EVP, Pres & CEO, VIST Bank | 1240 BROADCASTING RD., WYOMISSING PA 19610 |
John M Mckenna | officer: EVP, Tompkins Bank of Castile | P.O. BOX 460, ITHACA NY 14851 |
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