GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » International Bancshares Corp (NAS:IBOC) » Definitions » Effective Interest Rate on Debt %

International Bancshares (International Bancshares) Effective Interest Rate on Debt % : 162.16% (As of Mar. 2024)


View and export this data going back to 1996. Start your Free Trial

What is International 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. International Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $193.9 Mil. International Bancshares's average total debt for the quarter that ended in Mar. 2024 was $119.6 Mil. Therefore, International Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 162.16%.


International Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for International 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.

* Premium members only.

International Bancshares Effective Interest Rate on Debt % Chart

International Bancshares 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 7.21 5.87 4.70 10.65 103.06

International Bancshares 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 63.10 95.51 123.14 151.06 162.16

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

For the Banks - Regional subindustry, International 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.


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

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

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



International Bancshares Effective Interest Rate on Debt % Calculation

International 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  *  -136.661/( (145.586+119.613)/ 2 )
=-1  *  -136.661/132.5995
=103.06 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145.586 + 0
=145.586

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.613 + 0
=119.613

International 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  *  -193.924/( (119.613+119.563)/ 2 )
=-1  *  -193.924/119.588
=162.16 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.613 + 0
=119.613

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=119.563 + 0
=119.563

* 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.


International Bancshares  (NAS:IBOC) Effective Interest Rate on Debt % Explanation

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


International Bancshares Effective Interest Rate on Debt % Related Terms

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


International Bancshares (International Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
1200 San Bernardo Avenue, Laredo, TX, USA, 78042 - 1359
International Bancshares Corp is a financial holding company with bank subsidiaries that provide commercial and retail banking services, primarily in Texas and Oklahoma. The subsidiaries gather funds from various sources and invest these funds to earn a return. Fund gathering primarily takes the form of accepting demand and time deposits. The bank subsidiaries have historically focused on providing commercial banking services to small and medium-size businesses. The subsidiaries have increasingly transitioned to also providing consumer and retail banking, including mortgage lending. The company's strategy emphasizes customer service and expense control. The company generates net revenue primarily through net interest income.
Executives
Sanchez Antonio R Jr director, 10 percent owner 1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Diana G Zuniga director 1200 SAN BERNARDO, 1200 SAN BERNARDO AVE, LAREDO TX 78040
Dalia F Martinez officer: VICE PRESIDENT 1200 SAN BERNARDO, 1200 SAN BERNARDO AVE, LAREDO TX 78042
Rudolph Miles director 1200 SAN BERNARDO, LAREDO TX 78040
Anda Javier De director 1200 SAN BERNARDO, LAREDO TX 78040
Roberto R Resendez director 1200 SAN BERNARDO, LAREDO TX 78040
Judith I Wawroski officer: Treasurer/PAO 1200 SAN BERNARDO, LAREDO TX 78040
Julie L Tarvin officer: VICE PRESIDENT 1200 SAN BERNARDO, LAREDO TX 78040
R David Guerra director
Imelda Navarro director, officer: Executive Officer
Leonardo Salinas director PO BOX 1359, LAREDO TX 78040
Larry A Norton director 1200 SAN BERNARDO AVE., LAREDO TX 78040
Hastings Daniel B Jr director P O BOX 1359, LAREDO TX 78040
Dennis E Nixon director, officer: CEO P.O. BOX 1359, LAREDO TX 78040
Douglas B Howland director 1200 SAN BERNARDO AVE., LAREDO TX 78040

International Bancshares (International Bancshares) Headlines

From GuruFocus

IBC Reports Strong First Quarter 2021 Earnings

By Business Wire Business Wire 05-06-2021

IBC Continues Stellar Earnings

By Business Wire Business Wire 05-04-2023

IBC Reports Strong Earnings

By Business Wire Business Wire 05-05-2022

International Bancshares Corporation Announces Cash Dividend

By Business Wire Business Wire 02-04-2022

IBC Reports Strong Earnings

By Business Wire Business Wire 08-05-2021

International Bancshares Corporation Announces Cash Dividend

By Business Wire Business Wire 08-04-2022

IBC Continues Stellar Earnings

By Business Wire 08-03-2023

International Bancshares Corporation Announces Cash Dividend Increase

By Business Wire Business Wire 02-01-2023