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Denmark Bancshares (Denmark Bancshares) Effective Interest Rate on Debt % : 184.78% (As of Mar. 2022)


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What is Denmark Bancshares 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. Denmark Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $1.72 Mil. Denmark Bancshares's average total debt for the quarter that ended in Mar. 2022 was $0.93 Mil. Therefore, Denmark Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 184.78%.


Denmark Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Denmark Bancshares'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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Denmark Bancshares Effective Interest Rate on Debt % Chart

Denmark Bancshares Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.99 14.23 16.69 22.40 34.73

Denmark Bancshares Quarterly Data
Sep12 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 32.02 - - 197.64 184.78

Competitive Comparison of Denmark Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Denmark Bancshares'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.


Denmark Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Denmark Bancshares Effective Interest Rate on Debt % Calculation

Denmark Bancshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -2.605/( (14.067+0.933)/ 2 )
=-1  *  -2.605/7.5
=34.73 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.067 + 0
=14.067

Denmark Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Mar. 2022 ))/ count )
=-1  *  -1.724/( (0.933+0)/ 1 )
=-1  *  -1.724/0.933
=184.78 %

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 (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Denmark Bancshares  (OTCPK:DMKBA) Effective Interest Rate on Debt % Explanation

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


Denmark Bancshares Effective Interest Rate on Debt % Related Terms

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Denmark Bancshares (Denmark Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
103 East Main Street, Denmark, WI, USA, 54208
Denmark Bancshares Inc is a diversified one-bank holding company. The company offers a wide variety of financial products and services including loans, deposits, mortgage banking, and investment services. In addition, the company also extends farm credit through its subsidiary Denmark Agricultural Credit Corporation. The company makes agribusiness, commercial and residential loans to customers throughout the state, but primarily in eastern Wisconsin.
Executives
Jeffrey G Vandenplas officer: VP of Denmark State Bank PO BOX 130 DENMARK X1 54208-0130
David L Kappelman officer: VP of Denmark State Bank PO BOX 130 DENMARK X1 54208-0130
Michael L Heim director 4946 DENMARK ROAD DENMARK WI 54208
Thomas F Wall director, officer: Chairman of the Board
William F Noel other: Director of Denmark State Bank PO BOX 130 DENMARK WI 54208-0130
Carl T Laveck officer: Executive Vice President PO BOX 130 DENMARK WI 54208-0130
Janet L Bonkowski other: Director of Denmark State Bank PO BOX 130 DENMARK WI 54208-0130
Mark E Looker director
Jill S Feiler other: VP of Denmark State Bank PO BOX 130 DENMARK WI 54208-0130
Diane L Roundy other: Director of Denmark State Bank PO BOX 130 DENMARK WI 54208-0130
Larsen Kenneth A Sr other: Director of Denmark State Bank 103 MAIN STREET PO BOX 130 DENMARK WI 54208-0130
Allen M Peters director 103 E MAIN ST DENMARK WI 54208
Evonne J Kreft officer: VP OF DENMARK STATE BANK 103 EAST MAIN STREET DENMARK WI 54208
Lonnie A Loritz officer: VP OF DENMARK STATE BANK 103 EAST MAIN STREET DENMARK WI 54208
John P Olsen officer: Senior VP Denmark State Bank