Zions Bancorp NA (Zions Bancorp NA) Effective Interest Rate on Debt % : 140.24% (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Zions Bancorp NA 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. Zions Bancorp NA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,828 Mil. Zions Bancorp NA's average total debt for the quarter that ended in Dec. 2023 was $1,304 Mil. Therefore, Zions Bancorp NA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 140.24%.

Zions Bancorp NA Effective Interest Rate on Debt % Historical Data

The historical data trend for Zions Bancorp NA'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.

Zions Bancorp NA Effective Interest Rate on Debt % Chart

Zions Bancorp NA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

10.34

7.49

5.03

4.22

30.74

Zions Bancorp NA 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															22.91	257.12	315.40	140.24	143.39

Competitive Comparison of Zions Bancorp NA's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Zions Bancorp NA'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.

Zions Bancorp NA's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Zions Bancorp NA Effective Interest Rate on Debt % Calculation

Zions Bancorp NA'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 * -1509	/	( (7751	+	2067)	/ 2 )
=	-1 * -1509	/	4909
=	30.74 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	651	+	7100
=	7751

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	542	+	1525
=	2067

Zions Bancorp NA'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 * -1828	/	( (540	+	2067)	/ 2 )
=	-1 * -1828	/	1303.5
=	140.24 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	540	+	0
=	540

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	542	+	1525
=	2067

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.

Zions Bancorp NA (NAS:ZION) Effective Interest Rate on Debt % Explanation

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

Zions Bancorp NA Effective Interest Rate on Debt % Related Terms

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

Zions Bancorp NA (Zions Bancorp NA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zions Bancorp NA (NAS:ZION) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ZIONO.PFD:USA ZIONP.PFD:USA ZB1:Germany Z1IO34:Brazil

Address

One South Main Street, Salt Lake City, UT, USA, 84133-1109

Website

https://www.zionsbancorporation.com

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.

Executives

Keith D Maio	officer: President of subsidiary bank	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Steven Dan Stephens	officer: Executive Vice President	ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133-1109
Scott J Mclean	officer: Executive Vice President	4400 POST OAK PARKWAY, 4TH FL, HOUSTON TX 77027
A Scott Anderson	officer: Executive Vice President	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Randy R Stewart	officer: Exec VP	1 S MAIN STREET, 11TH FLOOR, SALT LAKE CITY UT 84133
Bruce K Alexander	officer: Exec VP and, Pres. of Subsidiary	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Alan M Forney	officer: Exec VP & Pres. Of Subsidiary	ONE S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133
Mark Richard Young	officer: Exec VP, other: Pres. of Subidiary	ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133-1109
Thomas E Laursen	officer: Sr. Vice President &, General Counsel	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Derek Steward	officer: Executive Vice President	1 S MAIN ST, 11TH FL, SALT LAKE CITY UT 84133-1109
Shannon R. Drage	officer: Senior Vice President	1 S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133-1109
Rebecca K Robinson	officer: Executive Vice President	ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY X1 84133
Claire A Huang	director	1 S MAIN STREET, 11TH FL, SALT LAKE CITY UT 84133
Harris H Simmons	director, officer: Chairman, President, & CEO	ZIONS BANCORPORATION, ONE MAIN STREET, SUITE 1134, SALT LAKE CITY UT 84111
Paul E. Burdiss	officer: Executive Vice President, other: & Chief Financial Officer	ONE SOUTH MAIN STREET, 15TH FLOOR, SALT LAKE CITY UT 84133