Signature Bank (Signature Bank) Effective Interest Rate on Debt % : 28.71% (As of Dec. 2022)

View and export this data going back to 2004. Start your Free Trial

What is Signature Bank 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. Signature Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $2,074 Mil. Signature Bank's average total debt for the quarter that ended in Dec. 2022 was $7,225 Mil. Therefore, Signature Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 28.71%.

Signature Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Signature Bank'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.

* Premium members only.

Signature Bank Effective Interest Rate on Debt % Chart

Signature Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.47

11.92

9.40

8.38

13.01

Signature Bank Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.10	8.14	17.56	50.96	28.71

Competitive Comparison of Signature Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Signature Bank'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.

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

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

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

Signature Bank Effective Interest Rate on Debt % Calculation

Signature Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1015.003	/	( (3464.133	+	12136.943)	/ 2 )
=	-1 * -1015.003	/	7800.538
=	13.01 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3464.133	+	0
=	3464.133

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12136.943	+	0
=	12136.943

Signature Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -2074.248	/	( (2312.298	+	12136.943)	/ 2 )
=	-1 * -2074.248	/	7224.6205
=	28.71 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2312.298	+	0
=	2312.298

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12136.943	+	0
=	12136.943

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Signature Bank (OTCPK:SBNY) Effective Interest Rate on Debt % Explanation

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

Signature Bank Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Signature Bank's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Signature Bank (Signature Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Signature Bank (OTCPK:SBNY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SBNYL.PFD:USA

Address

565 Fifth Avenue, New York, NY, USA, 10017

Website

https://www.signatureny.com

Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of its revenue from the Commercial banking segment, which consists principally of commercial real estate lending, fund banking, venture banking, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.