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Triumph Financial (Triumph Financial) Effective Interest Rate on Debt % : 21.72% (As of Mar. 2024)


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What is Triumph Financial 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. Triumph Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $63.6 Mil. Triumph Financial's average total debt for the quarter that ended in Mar. 2024 was $293.1 Mil. Therefore, Triumph Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.72%.


Triumph Financial Effective Interest Rate on Debt % Historical Data

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

Triumph Financial 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 11.33 7.62 4.73 7.03 18.60

Triumph Financial 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 6.80 10.12 21.26 22.97 21.72

Competitive Comparison of Triumph Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Triumph Financial'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.


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

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

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



Triumph Financial Effective Interest Rate on Debt % Calculation

Triumph Financial'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  *  -54.342/( (178.958+405.418)/ 2 )
=-1  *  -54.342/292.188
=18.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.958 + 0
=178.958

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=405.418 + 0
=405.418

Triumph Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -63.648/( (405.418+180.696)/ 2 )
=-1  *  -63.648/293.057
=21.72 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=405.418 + 0
=405.418

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=180.696 + 0
=180.696

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


Triumph Financial  (NAS:TFIN) Effective Interest Rate on Debt % Explanation

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


Triumph Financial Effective Interest Rate on Debt % Related Terms

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Triumph Financial (Triumph Financial) Business Description

Industry
Traded in Other Exchanges
Address
12700 Park Central Drive, Suite 1700, Dallas, TX, USA, 75251
Triumph Financial Inc is a is a financial holding company. The company has four reportable segments namely Banking, Factoring, Payments, and Corporate. The Banking segment includes the operations of TBK Bank. The Factoring segment includes the operations of Triumph Financial Services with revenue derived from factoring services, The Payments segment includes the operations of TBK Bank's TriumphPay division which provides a presentment, audit, and payment solution to Shipper, Broker, and Factor clients in the trucking industry and The corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company.
Executives
Carlos M Sepulveda director 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Aaron P Graft director, officer: President & CEO 12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
Todd Ritterbusch officer: EVP & CLO - TBK Bank, SSB 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Adam D Nelson officer: SVP and General Counsel 12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
Edward Joseph Schreyer officer: EVP, Chief Operating Officer 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Melissa Forman-barenblit officer: EVP, Pres-TriumphPay-TBK Bank 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Davis R Deadman director 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Harrison B. Barnes director 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Debra A Bradford director
Michael P Rafferty director 12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
Laura Easley director 12700 PARK CENTRAL CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
C Todd Sparks director 12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
Charles A Anderson director 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Geoffrey Paul Brenner officer: CEO - Triumph Business Capital 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251
Richard Loren Davis director 12700 PARK CENTRAL DRIVE, SUITE 1700, DALLAS TX 75251