South Atlantic Bancshares (South Atlantic Bancshares) Interest Expense : $-32.51 Mil (TTM As of Mar. 2024)

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What is South Atlantic Bancshares Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. South Atlantic Bancshares's interest expense for the three months ended in Mar. 2024 was $ -10.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-32.51 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. South Atlantic Bancshares's Operating Income for the three months ended in Mar. 2024 was $ Mil. South Atlantic Bancshares's Interest Expense for the three months ended in Mar. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

South Atlantic Bancshares Interest Expense Historical Data

The historical data trend for South Atlantic Bancshares's Interest Expense 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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South Atlantic Bancshares Interest Expense Chart

South Atlantic Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.43

-3.56

-2.20

-4.20

-26.70

South Atlantic Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.24	-6.44	-7.78	-8.25	-10.05

South Atlantic Bancshares Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.51 Mil.

South Atlantic Bancshares (South Atlantic Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Atlantic Bancshares Inc (OTCPK:SABK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

630 29th Avenue North, Myrtle Beach, SC, USA, 29577

Website

https://www.southatlantic.bank

South Atlantic Bancshares Inc is A United States-based bank holding company. The business activity of the bank is to provide banking services to domestic markets. Its product offering includes Personal and business checking, Savings, and Money market accounts, along with Residential mortgages, Commercial Loans, and Lines of credit. The bank also offers other services like mobile banking application, treasury, remote deposit capture, and merchant card services; telephone and online banking, and ATM services; and debit and credit cards.