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Trustmark (Trustmark) Effective Interest Rate on Debt % : 46.54% (As of Dec. 2023)


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What is Trustmark 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. Trustmark's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $384.6 Mil. Trustmark's average total debt for the quarter that ended in Dec. 2023 was $826.3 Mil. Therefore, Trustmark's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 46.54%.


Trustmark Effective Interest Rate on Debt % Historical Data

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

Trustmark 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 82.78 22.80 10.24 6.58 35.52

Trustmark 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 14.49 16.84 21.03 31.21 46.54

Competitive Comparison of Trustmark's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Trustmark'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.


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

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

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



Trustmark Effective Interest Rate on Debt % Calculation

Trustmark'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  *  -325.954/( (1204.183+631.314)/ 2 )
=-1  *  -325.954/917.7485
=35.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1204.183 + 0
=1204.183

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=631.314 + 0
=631.314

Trustmark'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  *  -384.56/( (1021.206+631.314)/ 2 )
=-1  *  -384.56/826.26
=46.54 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1021.206 + 0
=1021.206

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=631.314 + 0
=631.314

* 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.


Trustmark  (NAS:TRMK) Effective Interest Rate on Debt % Explanation

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


Trustmark Effective Interest Rate on Debt % Related Terms

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Trustmark (Trustmark) Business Description

Industry
Traded in Other Exchanges
Address
248 East Capitol Street, Jackson, MS, USA, 39201
Trustmark Corp with over $12 billion in assets and more than 200 branches, Trustmark provides banking, insurance, and wealth management services in Mississippi, Alabama, Memphis, Houston, and the Florida Panhandle. Roughly 65% of its loans are in Mississippi, 12% in Houston, 10% in Alabama, and the rest are split between Memphis and Florida. Around three-fourths of its revenue comes from general banking, while insurance and wealth management services combine for roughly 10%.
Executives
Richard H Puckett director PO BOX 3170, JACKSON MS 39207
Marcelo L Eduardo director P. O. BOX 291, JACKSON MS 39205-0291
Adolphus B Baker director P. O. BOX 2960, JACKSON MS 39207
Tracy T Conerly director 10 BALLAMORE ROAD, MIRAMAR BEACH FL 32550
Gerard R Host other: Owned Subsidiary PO BOX 291, JACKSON MS 39205
Chambers George T. Jr. officer: Principal Accounting, Officer P. O. BOX 291, JACKSON MS 39205-0291
Augustus L Collins director C/O HUNTINGTON INGALLS INDUSTRIES, INC., 4101 WASHINGTON AVENUE, NEWPORT NEWS VA 23607
Harry M Walker other: Owned Subsidiary PO BOX 291, JACKSON MS 39205
Maria Luisa Sugay officer: Exec VP & Co-Treasurer P. O. BOX 291, JACKSON MS 39205-0291
Breck W Tyler officer: Executive Officer of P. O. BOX 291, JACKSON MS 39205
Charles Scott Woods other: Wholly Owned Subsidiary P. O. BOX 291, JACKSON MS 39205
Robert B Harvey officer: Executive Officer of P. O. BOX 291, JACKSON MS 39205-0291
David C Kennedy officer: Executive Vice President & P. O. BOX 291, JACKSON MS 39205-0291
Walker Leroy G Jr director 2310 HIGHWAY 80 WEST, STE 3160, JACKSON MS 39204
Joseph T Sarci officer: Executive Vice President & CIO 248 E CAPITOL STREET, JACKSON MS 39201