Hope Bancorp (FRA:NRB) Effective Interest Rate on Debt % : 156.98% (As of Dec. 2024)

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What is Hope 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. Hope Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €475.5 Mil. Hope Bancorp's average total debt for the quarter that ended in Dec. 2024 was €302.9 Mil. Therefore, Hope Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 156.98%.

Hope Bancorp Effective Interest Rate on Debt % Historical Data

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

Hope Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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15.52

8.63

14.62

32.27

46.33

Hope Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															39.84	79.79	175.92	156.98	151.28

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

For the Banks - Regional subindustry, Hope 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.

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

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

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

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Hope Bancorp Effective Interest Rate on Debt % Calculation

Hope Bancorp'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 * -502.453	/	( (1794.262	+	374.974)	/ 2 )
=	-1 * -502.453	/	1084.618
=	46.33 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1794.262	+	0
=	1794.262

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374.974	+	0
=	374.974

Hope Bancorp'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 * -475.536	/	( (230.894	+	374.974)	/ 2 )
=	-1 * -475.536	/	302.934
=	156.98 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	230.894	+	0
=	230.894

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374.974	+	0
=	374.974

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.

Hope Bancorp (FRA:NRB) Effective Interest Rate on Debt % Explanation

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

Hope Bancorp Effective Interest Rate on Debt % Related Terms

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Hope Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hope Bancorp Inc (FRA:NRB) » Definitions » Effective Interest Rate on Debt %

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HOPE:USA

Address

3200 Wilshire Boulevard, Suite 1400, Los Angeles, CA, USA, 90010

Website

https://www.bankofhope.com

Hope Bancorp Inc is a bank holding company engaged in providing financial services. It offers core business banking products for small and medium-sized businesses and individuals. Services offered by the bank include online banking, mobile banking, mortgage loans, credit cards, investment and wealth management services and other banking services.

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