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CrossFirst Bankshares (CrossFirst Bankshares) Effective Interest Rate on Debt % : 288.70% (As of Mar. 2024)


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What is CrossFirst 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. CrossFirst Bankshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $250.6 Mil. CrossFirst Bankshares's average total debt for the quarter that ended in Mar. 2024 was $86.8 Mil. Therefore, CrossFirst Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 288.70%.


CrossFirst Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for CrossFirst 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.

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CrossFirst Bankshares Effective Interest Rate on Debt % Chart

CrossFirst Bankshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 22.20 13.22 9.20 23.34 131.28

CrossFirst Bankshares 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 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 55.61 69.11 120.46 253.73 288.70

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

For the Banks - Regional subindustry, CrossFirst 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.


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

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

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



CrossFirst Bankshares Effective Interest Rate on Debt % Calculation

CrossFirst Bankshares'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  *  -210.31/( (233.568+86.839)/ 2 )
=-1  *  -210.31/160.2035
=131.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=228.568 + 5
=233.568

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.839 + 0
=86.839

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -250.58/( (86.839+86.751)/ 2 )
=-1  *  -250.58/86.795
=288.70 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.839 + 0
=86.839

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=85.202 + 1.549
=86.751

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


CrossFirst Bankshares  (NAS:CFB) Effective Interest Rate on Debt % Explanation

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


CrossFirst Bankshares Effective Interest Rate on Debt % Related Terms

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CrossFirst Bankshares (CrossFirst Bankshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11440 Tomahawk Creek Parkway, Leawood, KS, USA, 66211
CrossFirst Bankshares Inc is engaged in providing banking and financial services to businesses, business owners, professionals, and professional networks. The services offered by the company include Checking accounts, Savings accounts, Personal Loans, International Banking, Business Loans, and Treasury services. The company generates revenue from interest income and fees on loans and interest earned from its marketable securities portfolio.
Executives
Hansen George E. Iii director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael Kent Robinson director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
James W. Kuykendall director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley officer: Chief Accounting Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jennifer M Payne officer: Chief Risk Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Mason King director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
George Bruce director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Lance Humphreys director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Benjamin R Clouse officer: CFO 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Amy C. Abrams officer: General Counsel & Corp Sec 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jana Merfen officer: CHIEF TECHNOLOGY OFFICER 11440 TOMAHAWK CREEK PKWY, LEAWOOD KS 66211
Mike Maddox director 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
David L. O'toole director, officer: CFO and Investment Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jones George F Jr director, officer: President and CEO 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Steve M Peterson officer: Chief Banking Officer 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211