GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Washington Trust Bancorp Inc (NAS:WASH) » Definitions » Effective Interest Rate on Debt %
中文

Washington Trust Bancorp (Washington Trust Bancorp) Effective Interest Rate on Debt %

: 16.97% (As of Dec. 2023)
View and export this data going back to 1995. Start your Free Trial

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. Washington Trust Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $205.2 Mil. Washington Trust Bancorp's average total debt for the quarter that ended in Dec. 2023 was $1,209.0 Mil. Therefore, Washington Trust Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.97%.


Washington Trust Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Washington Trust 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.

* Premium members only.

Washington Trust Bancorp 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 5.93 4.62 3.92 6.26 15.07

Washington Trust Bancorp 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 9.15 12.57 16.13 16.57 16.97

Competitive Comparison

For the Banks - Regional subindustry, Washington Trust 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.


Washington Trust Bancorp Effective Interest Rate on Debt % Distribution

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

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



Washington Trust Bancorp Effective Interest Rate on Debt % Calculation

Washington Trust Bancorp'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  *  -171.561/( (1032.239+1244.708)/ 2 )
=-1  *  -171.561/1138.4735
=15.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1032.239 + 0
=1032.239

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1244.708 + 0
=1244.708

Washington Trust Bancorp'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  *  -205.168/( (1173.235+1244.708)/ 2 )
=-1  *  -205.168/1208.9715
=16.97 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1173.235 + 0
=1173.235

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1244.708 + 0
=1244.708

* 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.


Washington Trust Bancorp  (NAS:WASH) Effective Interest Rate on Debt % Explanation

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


Washington Trust Bancorp Effective Interest Rate on Debt % Related Terms

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


Washington Trust Bancorp (Washington Trust Bancorp) Business Description

Traded in Other Exchanges
Address
23 Broad Street, Westerly, RI, USA, 02891
Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates. The bank generates a majority of its revenue from the Commercial Banking segment.
Executives
Mary E. Noons officer: SVP Retail Lending 37 WATCH HILL WAY, WAKEFIELD RI 02879
Rolando A Lora officer: EVP and Chief Retail Lend Off 140 STOW RD., HARVARD MA 01451
Howes Constance A director 253 FREEMAN PARKWAY, PROVIDENCE RI 02906
Edwin J Santos director 234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874
Kristen L Disanto officer: EVP Human Resources 23 BROAD STREET, WESTERLY RI 02891
Ronald S. Ohsberg officer: EVP and Treasurer 33 BELLE ISLE WAY, CRANSTON RI 02921
Dennis L Algiere officer: SVP Compliance & Comm Affairs
Jabbie Alimamy Dauda Jr. director 16 TECUMSEH STREET, PROVIDENCE RI 02906
Joseph P. Gencarella director 11 BLUEBILL AVE., APT. 604, NAPLES FL 34108
James M Hagerty officer: EVP & Chief Lending Officer 180 NATICK AVENUE, WARWICK RI 02886
Joseph J Marcaurele director, officer: Chairman and CEO 23 BROAD STREET, WESTERLY RI 02891
Lisa M. Stanton director 17064 CROSSGATE DRIVE, JUPITER FL 33477
Wray William K. Sr. officer: SVP Risk Management 71 CHURCH STREET, EAST GREENWICH RI 02818
Sandra Parrillo director 3 ROBIN WAY, NORTH SMITHFIELD RI 02896
Katherine W Hoxsie director