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Ohio Valley Banc (Ohio Valley Banc) Effective Interest Rate on Debt % : 42.31% (As of Dec. 2023)


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What is Ohio Valley Banc 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. Ohio Valley Banc's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $23.23 Mil. Ohio Valley Banc's average total debt for the quarter that ended in Dec. 2023 was $54.90 Mil. Therefore, Ohio Valley Banc's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 42.31%.


Ohio Valley Banc Effective Interest Rate on Debt % Historical Data

The historical data trend for Ohio Valley Banc'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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Ohio Valley Banc Effective Interest Rate on Debt % Chart

Ohio Valley Banc Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.84 15.33 11.12 9.95 38.61

Ohio Valley Banc Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.24 42.69 39.53 42.31 48.45

Competitive Comparison of Ohio Valley Banc's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Ohio Valley Banc'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.


Ohio Valley Banc's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Ohio Valley Banc's Effective Interest Rate on Debt % falls into.



Ohio Valley Banc Effective Interest Rate on Debt % Calculation

Ohio Valley Banc'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  *  -15.838/( (27.739+54.298)/ 2 )
=-1  *  -15.838/41.0185
=38.61 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.739 + 0
=27.739

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.298 + 0
=54.298

Ohio Valley Banc's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -23.228/( (55.502+54.298)/ 2 )
=-1  *  -23.228/54.9
=42.31 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55.502 + 0
=55.502

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.298 + 0
=54.298

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ohio Valley Banc  (NAS:OVBC) Effective Interest Rate on Debt % Explanation

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


Ohio Valley Banc Effective Interest Rate on Debt % Related Terms

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Ohio Valley Banc (Ohio Valley Banc) Business Description

Traded in Other Exchanges
N/A
Address
420 Third Avenue, PO Box 240, Gallipolis, OH, USA, 45631
Ohio Valley Banc Corporation is a financial holding company. The bank is a full-service financial institution offering a blend of commercial and consumer banking services within Southeastern Ohio as well as western West Virginia. The banking services offered by the bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, and student loans; and the making of construction and real estate loans. It also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. The bank segmented its operating activities into two reportable segments, Banking and Consumer Finance. The majority of its total revenue is derived from the Banking segment.
Executives
Edward Bryant Roberts director 420 THIRD AVENUE, PO BOX 240, GALLIPOLIS OH 45631
Bryan F Stepp officer: SVP and CCO 420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631-0240
Anna P Barnitz director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Edward Allen Bell other: Not a reporting person 5521 OHIO RIVER ROAD, POINT PLEASANT WV 25550
Ryan Joseph Jones officer: RISK OFFICER/COO 420 THIRD AVENUE, GALLIPOLIS OH 45631
Brent A Saunders director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kevin Ryan Smith director 420 THIRD AVENUE, P.O. BOX 240, GALLIPOLIS OH 45631
David W Thomas director 1204 BROKEN BOW CT, WESTERVILLE OH 43081-3262
Katrinka V Hart officer: Vice President of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Edward J Robbins director 420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Thomas E Wiseman director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kimberly A Canady director 420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Jeffrey E Smith director, officer: President and CEO of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
John G Jones director 420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631
Harold A Howe director, officer: Vice President of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240

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