VersaBank (STU:VEW) Effective Interest Rate on Debt % : 155.75% (As of Apr. 2025)

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What is VersaBank 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. VersaBank's annualized positive value of Interest Expense for the quarter that ended in Apr. 2025 was €109.35 Mil. VersaBank's average total debt for the quarter that ended in Apr. 2025 was €70.21 Mil. Therefore, VersaBank's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2025 was 155.75%.

VersaBank Effective Interest Rate on Debt % Historical Data

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

VersaBank Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Effective Interest Rate on Debt %

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111.23

50.62

49.34

113.36

163.86

VersaBank Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															169.95	177.21	180.50	174.71	155.75

Competitive Comparison of VersaBank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, VersaBank'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.

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

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

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

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VersaBank Effective Interest Rate on Debt % Calculation

VersaBank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2023 )	+	Total Debt (A: Oct. 2024 ))	/ count )
=	-1 * -121.958	/	( (76.399	+	72.454)	/ 2 )
=	-1 * -121.958	/	74.4265
=	163.86 %

where

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.399	+	0
=	76.399

	Total Debt (A: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.454	+	0
=	72.454

VersaBank's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2025 )	+	Total Debt (Q: Apr. 2025 ))	/ count )
=	-1 * -109.348	/	( (73.631	+	66.786)	/ 2 )
=	-1 * -109.348	/	70.2085
=	155.75 %

where

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73.631	+	0
=	73.631

	Total Debt (Q: Apr. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.786	+	0
=	66.786

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 (Apr. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

VersaBank (STU:VEW) Effective Interest Rate on Debt % Explanation

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

VersaBank Effective Interest Rate on Debt % Related Terms

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VersaBank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (STU:VEW) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

VBNK:USA VBNK:Canada

Address

140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2

Website

https://www.versabank.com

VersaBank is a Canadian Schedule I chartered bank with a difference. It has 3 operating segments: Digital Banking Canada, Digital Banking USA and DRTC. It's, cloud-based, business-to-business deposit and lending model provides valued-added solutions to Canadian financial intermediary partners, enabling them to focus on growing their own businesses faster and more profitably. It obtains all of its deposits and provides the majority of its loans and leases electronically, with deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, Company established a wholly owned, subsidiary. Geographically located in Canada and USA.

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