HRGG (Heritage NOLA Bancorp) Effective Interest Rate on Debt %: 9.45% (As of Mar. 2020)

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What is Heritage NOLA Bancorp Effective Interest Rate on Debt %?

Heritage NOLA Bancorp HRGG Effective Interest Rate on Debt % is 9.45% as of Mar. 2020.

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. Heritage NOLA Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2020 was $1.76 Mil. Heritage NOLA Bancorp's average total debt for the quarter that ended in Mar. 2020 was $18.63 Mil. Therefore, Heritage NOLA Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 was 9.45%.

Heritage NOLA Bancorp  (OTCPK:HRGG) Effective Interest Rate on Debt % Explanation

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

Heritage NOLA Bancorp Effective Interest Rate on Debt % Related Terms

Heritage NOLA Bancorp Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Heritage NOLA 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.

Heritage NOLA Bancorp Effective Interest Rate on Debt % Chart

Heritage NOLA Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
7.48 7.48 7.80 9.86

Heritage NOLA Bancorp Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 9.15 0.00 11.83 10.50 9.45

HRGG vs SSBP, IOFB, VTYB: Effective Interest Rate on Debt % Comparison

For the Banks - Regional subindustry, Heritage NOLA 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.

Heritage NOLA Bancorp Effective Interest Rate on Debt % vs Banks Industry

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

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


Heritage NOLA Bancorp Effective Interest Rate on Debt % Calculation

Heritage NOLA Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -1.719/( (16.822+18.041)/ 2 )
=-1  *  -1.719/17.4315
=9.86 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.822 + 0
=16.822

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.041 + 0
=18.041

Heritage NOLA Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2019 )+Total Debt  (Q: Mar. 2020 ))/ count )
=-1  *  -1.76/( (18.041+19.221)/ 2 )
=-1  *  -1.76/18.631
=9.45 %

where

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.041 + 0
=18.041

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.221 + 0
=19.221

* 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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 9.45% mean?
Heritage NOLA Bancorp (HRGG) has a Effective Interest Rate on Debt % of 9.45% as of Mar. 2020. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Heritage NOLA Bancorp and its competitors.
Is Heritage NOLA Bancorp's Effective Interest Rate on Debt % too high?
Heritage NOLA Bancorp's current Effective Interest Rate on Debt % is 9.45%.
How does Heritage NOLA Bancorp's Effective Interest Rate on Debt % compare to SSBP and IOFB?
Heritage NOLA Bancorp's Effective Interest Rate on Debt % of 9.45% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Banks company?
A good Effective Interest Rate on Debt % depends on the Banks industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Heritage NOLA Bancorp and its competitors. Heritage NOLA Bancorp's current Effective Interest Rate on Debt % is 9.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage NOLA Bancorp stock overvalued right now?
Heritage NOLA Bancorp (HRGG) has a current Effective Interest Rate on Debt % of 9.45%. The current Effective Interest Rate on Debt % is 9.45%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Heritage NOLA Bancorp (HRGG), the current Effective Interest Rate on Debt % is 9.45% as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Heritage NOLA Bancorp Business Description

Address 205 North Columbia Street, Covington, LA, USA, 70433
Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.