HarborOne Bancorp (HarborOne Bancorp) Effective Interest Rate on Debt % : 21.97% (As of Mar. 2024)

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What is HarborOne Bancorp 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. HarborOne Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $145.3 Mil. HarborOne Bancorp's average total debt for the quarter that ended in Mar. 2024 was $661.4 Mil. Therefore, HarborOne Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.97%.

HarborOne Bancorp Effective Interest Rate on Debt % Historical Data

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

HarborOne Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.71

9.98

9.18

8.74

23.32

HarborOne Bancorp 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															16.26	18.17	22.34	25.74	21.97

Competitive Comparison of HarborOne Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, HarborOne Bancorp'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.

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

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

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

HarborOne Bancorp Effective Interest Rate on Debt % Calculation

HarborOne Bancorp'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 * -117.017	/	( (434.96	+	568.462)	/ 2 )
=	-1 * -117.017	/	501.711
=	23.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.96	+	385
=	434.96

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	265.462	+	303
=	568.462

HarborOne Bancorp'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 * -145.288	/	( (568.462	+	754.38)	/ 2 )
=	-1 * -145.288	/	661.421
=	21.97 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	265.462	+	303
=	568.462

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	754.38	+	0
=	754.38

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.

HarborOne Bancorp (NAS:HONE) Effective Interest Rate on Debt % Explanation

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

HarborOne Bancorp Effective Interest Rate on Debt % Related Terms

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HarborOne Bancorp (HarborOne Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HarborOne Bancorp Inc (NAS:HONE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1S4:Germany

Address

770 Oak Street, Brockton, MA, USA, 02301

Website

https://www.harborone.com

HarborOne Bancorp Inc is a bank holding company. The company is engaged in providing financial services like accepting deposits, lending loans, online and mobile banking, cash management, credit cards, money market accounts, and wealth management. The Company has two reportable segments: HarborOne Bank and HarborOne Mortgage. The bank provides financial services to individuals and businesses online and through its 24 full-service branches located in Massachusetts and Rhode Island, one limited-service branch, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island.

Executives

Joseph F Casey	officer: President & COO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Michael James Sullivan	director, officer: Chairman of the Board	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Linda Simmons	officer: Senior V.P., CFO	6 VALLEY DRIVE, SOUTH DARTMOUTH MA 02748
Brent W. Grable	officer: SVP, CHIEF INFORMATION OFFICER	HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Susan Bugnacki Stewart	officer: CHIEF HUMAN RESOURCES OFFICER	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Gordon Jezard	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Joseph E. Mcquade	officer: Chief Enterprise Risk Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCTON MA 02301
Anne H. Margulies	director	C/O HENRY SCHEIN, INC., 135 DURYEA ROAD, MELVILLE NY 11747
James W. Blake	director, officer: CEO & Secretary	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
David E. Tryder	officer: Senior V. P. - CMO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Barry R. Koretz	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Andreana Santangelo	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Kevin M. Hamel	officer: Chief Information Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Inez Friedman-boyce	officer: General Counsel	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Mark T Langone	officer: SVP-Chief Enterprise Risk Off