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CFSB (CFSB Bancorp) Effective Interest Rate on Debt % : 56.21% (As of Sep. 2024)


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What is CFSB 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. CFSB Bancorp's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $6.30 Mil. CFSB Bancorp's average total debt for the quarter that ended in Sep. 2024 was $11.22 Mil. Therefore, CFSB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 56.21%.


CFSB Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for CFSB 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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CFSB Bancorp Effective Interest Rate on Debt % Chart

CFSB Bancorp Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
72.96 89.50 111.11 41.54 62.61

CFSB Bancorp Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 83.91 38.49 26.30 36.73 56.21

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

For the Banks - Regional subindustry, CFSB 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.


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

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

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



CFSB Bancorp Effective Interest Rate on Debt % Calculation

CFSB Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -4.966/( (4.637+11.227)/ 2 )
=-1  *  -4.966/7.932
=62.61 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.962 + 3.675
=4.637

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.877 + 10.35
=11.227

CFSB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -6.304/( (11.227+11.205)/ 2 )
=-1  *  -6.304/11.216
=56.21 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.877 + 10.35
=11.227

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.205 + 0
=11.205

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


CFSB Bancorp  (NAS:CFSB) Effective Interest Rate on Debt % Explanation

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


CFSB Bancorp Effective Interest Rate on Debt % Related Terms

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CFSB Bancorp Business Description

Industry
Traded in Other Exchanges
N/A
Address
15 Beach Street, Quincy, MA, USA, 02170
CFSB Bancorp Inc provides banking services. It offers a variety of financial services to individuals and small businesses through its offices in Quincy, Holbrook, and Weymouth. Its primary deposit products are savings, checking, and term certificate accounts, and its primary lending product is residential mortgage loans.The Company's loan portfolio includes residential real estate, commercial real estate, construction, and consumer loan segments. Residential real estate loans include classes for one- to four-family, multi-family, second mortgages and home equity lines of credit.
Executives
Paul N Baharian director 15 BEACH STREET, QUINCY MA 02170
William R Esselystyn officer: VP-Information Systems 15 BEACH STREET, QUINCY MA 02170
Susan Shea officer: Treasurer and COO 15 BEACH STREET, QUINCY MA 02170
Michael E Mcfarland director, officer: President and CEO 15 BEACH STREET, QUINCY MA 02170
Mary Kuropatkin officer: VP-Retail Banking 15 BEACH STREET, QUINCY MA 02170
Kemal Denizkurt officer: VP-Financial Markets 15 BEACH STREET, QUINCY MA 02170
Angela Blanchard officer: VP-Retail Lending 15 BEACH STREET, QUINCY MA 02170
Beach, Mhc 15 10 percent owner 15 BEACH STREET, QUINCY MA 02170
Robert Guarnieri director 15 BEACH STREET, QUINCY MA 02170
Edward J Keohane director 15 BEACH STREET, QUINCY MA 02170
Tracy L Wilson director 15 BEACH STREET, QUINCY MA 02170
O'leary James M Jr director 15 BEACH STREET, QUINCY MA 02170
Stephen D Marini director 15 BEACH STREET, QUINCY MA 02170