GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bogota Financial Corp (NAS:BSBK) » Definitions » Effective Interest Rate on Debt %

BSBK (Bogota Financial) Effective Interest Rate on Debt % : 16.80% (As of Dec. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Bogota Financial 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. Bogota Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $32.38 Mil. Bogota Financial's average total debt for the quarter that ended in Dec. 2024 was $192.76 Mil. Therefore, Bogota Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 16.80%.


Bogota Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Bogota Financial'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.

Bogota Financial Effective Interest Rate on Debt % Chart

Bogota Financial Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 9.61 6.12 7.76 16.52 17.80

Bogota Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 17.50 18.70 18.81 16.68 16.80

Competitive Comparison of Bogota Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bogota Financial'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.


Bogota Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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


;
;

Bogota Financial Effective Interest Rate on Debt % Calculation

Bogota Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -31.199/( (167.69+182.954)/ 2 )
=-1  *  -31.199/175.322
=17.80 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.19 + 37.5
=167.69

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=153.454 + 29.5
=182.954

Bogota Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -32.38/( (202.566+182.954)/ 2 )
=-1  *  -32.38/192.76
=16.80 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.066 + 53.5
=202.566

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=153.454 + 29.5
=182.954

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


Bogota Financial  (NAS:BSBK) Effective Interest Rate on Debt % Explanation

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


Bogota Financial Effective Interest Rate on Debt % Related Terms

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


Bogota Financial Business Description

Industry
Traded in Other Exchanges
N/A
Address
819 Teaneck Road, Teaneck, New Jersey, NJ, USA, 07666
Bogota Financial Corp is a New Jersey-based bank. It offers personal and business banking services such as savings, certificates of deposits, online banking, loans, and many more. The Bank generally grants residential, commercial, and consumer loans to, and accepts deposits from, customers in New Jersey.
Executives
John J. Masterson director 24 COUNTRY CLUB WAY, DEMAREST NJ 07627
Kevin Pace officer: Executive Vice President 819 TEANECK ROAD, TEANECK NJ 07666
Robert C. Walsh officer: Executive Vice President 819 TEANECK ROAD, TEANECK NJ 07666
Joseph Coccaro director, officer: President and CEO 819 TEANECK ROAD, TEANECK NJ 07666
William Charles Hanson director 819 TEANECK ROAD, TEANECK NJ 07666
Steven M. Goldberg director, other: Chairman of the Board 819 TEANECK ROAD, TEANECK NJ 07666
John G. Reiner director 819 TEANECK ROAD, TEANECK NJ 07666
Brian Kohles officer: SVP of Subsidiary 819 TEANECK ROAD, TEANECK NJ 07666
Brian Mccourt officer: EVP and CFO 819 TEANECK ROAD, TEANECK NJ 07666
Financial, Mhc Bogota 10 percent owner 819 TEANECK ROAD, TEANECK NJ 07666
Patricia Sturt officer: SVP of Subsidiary 819 TEANECK ROAD, TEANECK NJ 07666
Kathleen Pless officer: SVP- Comm Lending of Sub 819 TEANECK ROAD, TEANECK NJ 07666
Bruce H. Dexter director 819 TEANECK ROAD, TEANECK NJ 07666
Gary Gensheimer director 819 TEANECK ROAD, TEANECK NJ 07666