JBTC (Jbt Bancorp) Effective Interest Rate on Debt % : 21.02% (As of Sep. 2024)

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What is Jbt 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. Jbt Bancorp's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $17.14 Mil. Jbt Bancorp's average total debt for the quarter that ended in Sep. 2024 was $81.55 Mil. Therefore, Jbt Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 21.02%.

Jbt Bancorp Effective Interest Rate on Debt % Historical Data

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

Jbt Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

25.08

14.63

7.95

8.01

17.95

Jbt Bancorp Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								9.19	12.36	17.64	19.62	21.02

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

For the Banks - Regional subindustry, Jbt 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.

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

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

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

Jbt Bancorp Effective Interest Rate on Debt % Calculation

Jbt Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -12.975	/	( (51.552	+	93.04)	/ 2 )
=	-1 * -12.975	/	72.296
=	17.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51.552	+	0
=	51.552

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93.04	+	0
=	93.04

Jbt Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -17.144	/	( (84.046	+	79.048)	/ 2 )
=	-1 * -17.144	/	81.547
=	21.02 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.046	+	0
=	84.046

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.048	+	0
=	79.048

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Jbt Bancorp (OTCPK:JBTC) Effective Interest Rate on Debt % Explanation

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

Jbt Bancorp Effective Interest Rate on Debt % Related Terms

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Jbt Bancorp Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 West Market Street, P.O. Box 717, Jonestown, PA, USA, 17038

Website

https://www.jbt.bank

Jbt Bancorp Inc operates under a state bank charter and provides full banking services, including trust services. The company serves small to mid-sized businesses and consumer households fulfilling deposit, loan, and payment needs. It offers personal banking, business banking, online and mobile banking. Further, it is also involved in investment, trust, and retirement-related activities.