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Canandaigua National (Canandaigua National) Effective Interest Rate on Debt % : 4.63% (As of Dec. 2018)


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What is Canandaigua National 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. Canandaigua National's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $15.0 Mil. Canandaigua National's average total debt for the quarter that ended in Dec. 2018 was $323.6 Mil. Therefore, Canandaigua National's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 4.63%.


Canandaigua National Effective Interest Rate on Debt % Historical Data

The historical data trend for Canandaigua National'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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Canandaigua National Effective Interest Rate on Debt % Chart

Canandaigua National Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 3.14 3.22 4.02 4.63

Canandaigua National Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
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 4.73 3.14 3.22 4.02 4.63

Competitive Comparison of Canandaigua National's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Canandaigua National'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.


Canandaigua National's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Canandaigua National Effective Interest Rate on Debt % Calculation

Canandaigua National's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -14.97/( (290.262+356.869)/ 2 )
=-1  *  -14.97/323.5655
=4.63 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.262 + 0
=290.262

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.869 + 0
=356.869

Canandaigua National's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2017 )+Total Debt  (Q: Dec. 2018 ))/ count )
=-1  *  -14.97/( (290.262+356.869)/ 2 )
=-1  *  -14.97/323.5655
=4.63 %

where

Total Debt  (Q: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.262 + 0
=290.262

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.869 + 0
=356.869

* 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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Canandaigua National  (OTCPK:CNND) Effective Interest Rate on Debt % Explanation

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


Canandaigua National Effective Interest Rate on Debt % Related Terms

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Canandaigua National (Canandaigua National) Business Description

Traded in Other Exchanges
N/A
Address
72 South Main Street, Canandaigua, NY, USA, 14424
Canandaigua National Corp is a bank holding company. The company provides a full range of financial services such as banking, trust, investment, and insurance services to individuals, corporations, and municipalities.
Executives
Joseph L Dugan officer: Executive Vice President, other: Officer of subsidiaries 72 SOUTH MAIN STREET, CANANDAIGUA NY 14424
David R Morrow other: Officer of Subsidiary 72 S. MAIN ST., CANANDAIGUA NY 14424

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