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ES Bancshares (ES Bancshares) Effective Interest Rate on Debt % : 21.00% (As of Mar. 2024)


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What is ES Bancshares 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. ES Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $17.53 Mil. ES Bancshares's average total debt for the quarter that ended in Mar. 2024 was $83.50 Mil. Therefore, ES Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.00%.


ES Bancshares Effective Interest Rate on Debt % Historical Data

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

ES Bancshares Annual Data
Trend Dec09 Dec10 Dec11 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.87 5.86 4.08 6.38 13.93

ES Bancshares Quarterly Data
Dec17 Dec18 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 10.75 14.32 15.75 16.91 21.00

Competitive Comparison of ES Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, ES Bancshares'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.


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

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

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



ES Bancshares Effective Interest Rate on Debt % Calculation

ES Bancshares'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  *  -12.319/( (85.659+91.185)/ 2 )
=-1  *  -12.319/88.422
=13.93 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=85.659 + 0
=85.659

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.185 + 0
=91.185

ES Bancshares'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  *  -17.532/( (91.185+75.812)/ 2 )
=-1  *  -17.532/83.4985
=21.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.185 + 0
=91.185

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=75.812 + 0
=75.812

* 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.


ES Bancshares  (OTCPK:ESBS) Effective Interest Rate on Debt % Explanation

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


ES Bancshares Effective Interest Rate on Debt % Related Terms

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ES Bancshares (ES Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1441 South Avenue, Suite 705, Staten Island, NY, USA, 10314
ES Bancshares Inc is a bank holding company, which offers financial services. It offers a full line of checking, deposit, and loan products tailored to meet the specific needs of customers and businesses.
Executives
Andrew G Finklestein director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Walter Daszkowski director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas D Weddell director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Philip Guarnieri director, officer: President and COO 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Michael P Ostrow director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Anthony P Costa director, officer: Chief Executive Officer 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Albert J Pagano director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Gale L Foster director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Thomas Sperzel officer: SVP and CFO 75 WEST 125TH STREET, NEW YORK NY 10027
Arther W Budich officer: EVP and CFO 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Harold L Kahn director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter J Savago director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Peter B Ferrante director 68 NORTH PLANK ROAD, NEWBURGH NY 12550
Bradford M Jones director 19 CAYUGA STREET, SENECA FALLS NY 13148
Leslie M Apple director 68 NORTH PLANK ROAD, NEWBURGH NY 12550