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Morris State Bancshares (Morris State Bancshares) Effective Interest Rate on Debt % : 96.10% (As of Mar. 2024)


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What is Morris State 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. Morris State Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $27.14 Mil. Morris State Bancshares's average total debt for the quarter that ended in Mar. 2024 was $28.24 Mil. Therefore, Morris State Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 96.10%.


Morris State Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Morris State 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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Morris State Bancshares Effective Interest Rate on Debt % Chart

Morris State Bancshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 69.97 27.67 13.16 15.63 52.77

Morris State 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 32.64 40.98 49.58 70.20 96.10

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

For the Banks - Regional subindustry, Morris State 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.


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

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

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



Morris State Bancshares Effective Interest Rate on Debt % Calculation

Morris State 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  *  -20.749/( (50.356+28.277)/ 2 )
=-1  *  -20.749/39.3165
=52.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.356 + 0
=50.356

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.277 + 0
=28.277

Morris State 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  *  -27.14/( (28.277+28.206)/ 2 )
=-1  *  -27.14/28.2415
=96.10 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.277 + 0
=28.277

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.206 + 0
=28.206

* 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.


Morris State Bancshares  (OTCPK:MBLU) Effective Interest Rate on Debt % Explanation

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


Morris State Bancshares Effective Interest Rate on Debt % Related Terms

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Morris State Bancshares (Morris State Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
1300 Bellevue Avenue, Dublin, GA, USA, 31021
Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.

Morris State Bancshares (Morris State Bancshares) Headlines