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Univest Financial (Univest Financial) Effective Interest Rate on Debt % : 38.92% (As of Dec. 2023)


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What is Univest Financial 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. Univest Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $193.9 Mil. Univest Financial's average total debt for the quarter that ended in Dec. 2023 was $498.1 Mil. Therefore, Univest Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 38.92%.


Univest Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Univest 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.

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Univest Financial Effective Interest Rate on Debt % Chart

Univest 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 Premium Member Only Premium Member Only 16.25 9.80 7.64 10.78 33.91

Univest Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.79 22.38 31.44 38.92 40.51

Competitive Comparison of Univest Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Univest 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.


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

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

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



Univest Financial Effective Interest Rate on Debt % Calculation

Univest 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  *  -151.733/( (401.413+493.612)/ 2 )
=-1  *  -151.733/447.5125
=33.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=276.413 + 125
=401.413

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=493.612 + 0
=493.612

Univest 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  *  -193.888/( (502.653+493.612)/ 2 )
=-1  *  -193.888/498.1325
=38.92 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=502.653 + 0
=502.653

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=493.612 + 0
=493.612

* 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.


Univest Financial  (NAS:UVSP) Effective Interest Rate on Debt % Explanation

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


Univest Financial Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Univest Financial's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Univest Financial (Univest Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
14 North Main Street, Souderton, PA, USA, 18964
Univest Financial Corp is engaged in domestic banking services for individuals, businesses, municipalities, and non-profit organizations. The bank has three operating segments; Banking segment provides financial services including a full range of banking services such as deposit taking, loan origination, and servicing, mortgage banking, other general banking services, and equipment lease financing, Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, and The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefits solutions, personal insurance lines and human resources consulting. It generates a majority of its revenue from the banking segment.
Executives
Jeffrey M Schweitzer officer: EVP & CFO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Natalye Paquin director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Martin P. Connor director 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Todd S Benning director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Robert C Wonderling director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Thomas M Petro director 14 NORTH MAIN STREET, PO BOX197, SOUDERTON PA 18964
William S Aichele director, officer: Director and President & CEO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Roger H Ballou director C/O CDI CORP, 1717 ARCH ST 35TH FL, PHILADELPHIA PA 19103
Patrick C Mccormick officer: EVP & Chief Credit Officer 14 NORTH MAIN ST, PO BOX 197, SOUDERTON PA 18964
Duane J Brobst officer: Executive VP 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Michael S Keim officer: EVP & CFO 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
K Leon Moyer officer: Senior Executive Vice Presiden 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Joseph P Beebe director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Glenn E Moyer director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964
Suzanne Keenan director 14 NORTH MAIN STREET, PO BOX 197, SOUDERTON PA 18964

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