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Grandsouth Bancorpation (Grandsouth Bancorpation) Effective Interest Rate on Debt % : 18.00% (As of Sep. 2022)


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What is Grandsouth Bancorpation 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. Grandsouth Bancorpation's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $7.37 Mil. Grandsouth Bancorpation's average total debt for the quarter that ended in Sep. 2022 was $40.94 Mil. Therefore, Grandsouth Bancorpation's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 18.00%.


Grandsouth Bancorpation Effective Interest Rate on Debt % Historical Data

The historical data trend for Grandsouth Bancorpation'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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Grandsouth Bancorpation Effective Interest Rate on Debt % Chart

Grandsouth Bancorpation Annual Data
Trend Dec08 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.01 29.13 51.88 24.68 11.05

Grandsouth Bancorpation Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 9.44 10.04 11.01 11.86 18.00

Competitive Comparison of Grandsouth Bancorpation's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Grandsouth Bancorpation'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.


Grandsouth Bancorpation's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Grandsouth Bancorpation Effective Interest Rate on Debt % Calculation

Grandsouth Bancorpation'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  *  -5.118/( (51.744+40.864)/ 2 )
=-1  *  -5.118/46.304
=11.05 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=51.744 + 0
=51.744

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.864 + 0
=40.864

Grandsouth Bancorpation's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  -7.368/( (40.924+40.955)/ 2 )
=-1  *  -7.368/40.9395
=18.00 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.924 + 0
=40.924

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.955 + 0
=40.955

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


Grandsouth Bancorpation  (OTCPK:GRRB) Effective Interest Rate on Debt % Explanation

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


Grandsouth Bancorpation Effective Interest Rate on Debt % Related Terms

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Grandsouth Bancorpation (Grandsouth Bancorpation) Business Description

Traded in Other Exchanges
N/A
Address
381 Halton Road, P.O. Box 6548, Greenville, SC, USA, 29607
Grandsouth Bancorpation is a bank holding company for the GrandSouth Bank. The bank provides full banking services to its customers including personal banking, business banking, and lending services. It operates in two reportable segments, The Core Bank segment consists of commercial and consumer lending and full-service branches in its geographic region with its own management team. The branches provide a full range of traditional banking products as well as treasury services and merchant services. The CarBucks segment consists of specialty floor plan inventory financing for small automobile dealers.
Executives
Howard Samuel Hunter Jr director 381 HALTON ROAD, GREENVILLE SC 29607
Gross Baety O Jr director 381 HALTON RD., GREENVILLE SC 29607
Harold E Garrett director 381 HALTON ROAD, GREENVILLE SC 29607
Shealy John W Jr director 381 HALTON ROAD, GREENVILLE SC 29607
James B Schwiers director, officer: President & COO 381 HALTON RD., GREENVILLE SC 29607
John Garrett director, officer: CFO 1600 WYNKOOP SUITE 300, DENVER CO 80202
Leeann Weber director 381 HALTON ROAD, GREENVILLE SC 29607
Anthony P Morgan director 381 HALTON ROAD, GREENVILLE SC 29607
Rast Edward M Jr director 381 HALTON ROAD, GREENVILLE SC 29607
Pruitt James Calhoun Jr. director 381 HALTON ROAD, GREENVILLE SC 29607
Mason Y Garrett director, 10 percent owner, officer: Chairman and CEO 381 HALTON ROAD, GREENVILLE SC 29606
J Randolph Potter director 381 HALTON RD., GREENVILLE SC 29607
Ronald K Earnest director, officer: President and COO 802 SOUTH ALMOND STREET, SIMPSONVILLE SC 29681
Phillips Samuel Blanton Iii director 204 BRUCE MEADOW ROAD, SIMPSONVILLE SC 29681
Michael L Gault director 381 HALTON RD., GREENVILLE SC 29607