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Avidbank Holdings (Avidbank Holdings) Effective Interest Rate on Debt % : 43.74% (As of Dec. 2019)


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What is Avidbank Holdings 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. Avidbank Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2019 was $7.31 Mil. Avidbank Holdings's average total debt for the quarter that ended in Dec. 2019 was $16.71 Mil. Therefore, Avidbank Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 was 43.74%.

Avidbank Holdings Effective Interest Rate on Debt % Historical Data

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

Avidbank Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 17.08 10.57 17.60 43.74

Avidbank Holdings Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
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 6.09 17.08 10.57 17.60 43.74

Competitive Comparison of Avidbank Holdings's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Avidbank Holdings'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.

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

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

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


Avidbank Holdings Effective Interest Rate on Debt % Calculation

Avidbank Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -7.308/( (11.845+21.57)/ 2 )
=-1  *  -7.308/16.7075
=43.74 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.845 + 0
=11.845

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.57 + 0
=21.57

Avidbank Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2018 )+Total Debt  (Q: Dec. 2019 ))/ count )
=-1  *  -7.308/( (11.845+21.57)/ 2 )
=-1  *  -7.308/16.7075
=43.74 %

where

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.845 + 0
=11.845

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.57 + 0
=21.57

* 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 one times the annual (Dec. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Avidbank Holdings  (OTCPK:AVBH) Effective Interest Rate on Debt % Explanation

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

Avidbank Holdings Effective Interest Rate on Debt % Related Terms

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Avidbank Holdings (Avidbank Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Avidbank Holdings Inc (OTCPK:AVBH) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
BKSC OPBK PBIP EFSI KTYB LMST CPKF FFNW EMYB PROV SHSE:600036 NSE:HDFCBANK HKSE:01658 MIC:SBERP USB SHSE:601166 TFC PNC SHSE:600000 ISX:BBCA
Traded in Other Exchanges
N/A
Address
1732 North 1st Street, 6th Floor, San Jose, CA, USA, 95112
Website
https://www.avidbank.com
Avidbank Holdings Inc is a full-service commercial bank. It offers various services such as commercial and industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, real estate construction, and commercial real estate lending.