GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Benchmark Bankshares Inc (OTCPK:BMBN) » Definitions » Effective Interest Rate on Debt %

BMBN (Benchmark Bankshares) Effective Interest Rate on Debt % : 1,089.23% (As of Jun. 2024)


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

What is Benchmark Bankshares 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. Benchmark Bankshares's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $14.36 Mil. Benchmark Bankshares's average total debt for the quarter that ended in Jun. 2024 was $1.32 Mil. Therefore, Benchmark Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 1,089.23%.


Benchmark Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Benchmark Bankshares'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.

Benchmark Bankshares Effective Interest Rate on Debt % Chart

Benchmark Bankshares Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 70.64 66.03 59.97 61.67

Benchmark Bankshares Quarterly Data
Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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 121.79 242.35 397.04 766.70 1,089.23

Competitive Comparison of Benchmark Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Benchmark Bankshares'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.


Benchmark Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Benchmark Bankshares Effective Interest Rate on Debt % Calculation

Benchmark Bankshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -2.014/( (3.829+2.703)/ 2 )
=-1  *  -2.014/3.266
=61.67 %

where

Benchmark Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -14.356/( (1.231+1.405)/ 2 )
=-1  *  -14.356/1.318
=1,089.23 %

where

* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Benchmark Bankshares  (OTCPK:BMBN) Effective Interest Rate on Debt % Explanation

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


Benchmark Bankshares Effective Interest Rate on Debt % Related Terms

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


Benchmark Bankshares Business Description

Traded in Other Exchanges
N/A
Address
100 South Broad Street, P.O. Box 569, Kenbridge, VA, USA, 23944
Benchmark Bankshares Inc is a bank holding company for Benchmark Community Bank, which offers a wide range of banking and related financial services to individuals and small to medium-sized businesses through offices located in Virginia and North Carolina. The bank provides personal accounts services, business accounts services, loan products, internet banking services, mobile banking services, debit cards, money management services, mortgage services, credit card facilities, and other services.

Benchmark Bankshares Headlines

No Headlines