HONT (Honat Bancorp) Effective Interest Rate on Debt % : 15.65% (As of Dec. 2018)

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What is Honat 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. Honat Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $2.40 Mil. Honat Bancorp's average total debt for the quarter that ended in Dec. 2018 was $15.33 Mil. Therefore, Honat Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 15.65%.

Honat Bancorp Effective Interest Rate on Debt % Historical Data

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

Honat Bancorp Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec17

Dec18

Effective Interest Rate on Debt %

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163.47

15.65

Honat Bancorp Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec17	Dec18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			163.47	-	-	-	15.65

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

For the Banks - Regional subindustry, Honat 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.

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

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

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

Honat Bancorp Effective Interest Rate on Debt % Calculation

Honat Bancorp'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 * -2.4	/	( (0	+	15.333)	/ 1 )
=	-1 * -2.4	/	15.333
=	15.65 %

where

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

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	15.333
=	15.333

Honat Bancorp'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 * -2.4	/	( (0	+	15.333)	/ 1 )
=	-1 * -2.4	/	15.333
=	15.65 %

where

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

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	15.333
=	15.333

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.

Honat Bancorp (OTCPK:HONT) Effective Interest Rate on Debt % Explanation

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

Honat Bancorp Effective Interest Rate on Debt % Related Terms

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Honat Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Honat Bancorp Inc (OTCPK:HONT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

724 Main Street, P.O. Box 350, Honesdale, PA, USA, 18431-0350

Website

https://www.hnbbank.bank

Honat Bancorp Inc is a United States-based Bank holding company. It provides full banking services, including trust services. It offers personal banking, business, and financial services. The services include deposit accounts, loan products, digital banking facilities, mortgage facilities, credit cards, and merchant services, among others. Its loan portfolio segments include Commercial & Industrial, Commercial Real Estate, Consumer 2020 Real Estate, and Consumer.

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