Absecon Bancorp (Absecon Bancorp) Effective Interest Rate on Debt % : 0.00% (As of . 20)

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What is Absecon Bancorp 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. Absecon Bancorp's annualized positive value of Interest Expense for the quarter that ended in . 20 was $ Mil. Absecon Bancorp's average total debt for the quarter that ended in . 20 was $ Mil. Therefore, Absecon Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in . 20 was %.

Absecon Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Absecon 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.

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Absecon Bancorp Effective Interest Rate on Debt % Chart

Absecon Bancorp Annual Data

Trend

Effective Interest Rate on Debt %

Absecon Bancorp Quarterly Data

Effective Interest Rate on Debt %

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

For the Banks - Regional subindustry, Absecon 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.

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

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

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

Absecon Bancorp Effective Interest Rate on Debt % Calculation

Absecon Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Absecon Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: . 20 )	+	Total Debt (Q: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (Q: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (Q: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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 (. 20) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Absecon Bancorp (OTCPK:ASCN) Effective Interest Rate on Debt % Explanation

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

Absecon Bancorp Effective Interest Rate on Debt % Related Terms

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Absecon Bancorp (Absecon Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409

Website

https://www.fnbabsecon.com

Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp (Absecon Bancorp) Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020