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First Foundation (First Foundation) Effective Interest Rate on Debt % : 25.90% (As of Mar. 2024)


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What is First Foundation 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. First Foundation's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $448.3 Mil. First Foundation's average total debt for the quarter that ended in Mar. 2024 was $1,730.7 Mil. Therefore, First Foundation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 25.90%.


First Foundation Effective Interest Rate on Debt % Historical Data

The historical data trend for First Foundation'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.

First Foundation Effective Interest Rate on Debt % Chart

First Foundation 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 10.86 9.34 5.82 10.78 25.16

First Foundation 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 17.08 23.57 34.76 30.39 25.90

Competitive Comparison of First Foundation's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Foundation'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.


First Foundation's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



First Foundation Effective Interest Rate on Debt % Calculation

First Foundation'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  *  -371.386/( (1369.936+1582.453)/ 2 )
=-1  *  -371.386/1476.1945
=25.16 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1369.936 + 0
=1369.936

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1582.453 + 0
=1582.453

First Foundation'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  *  -448.268/( (1582.453+1878.906)/ 2 )
=-1  *  -448.268/1730.6795
=25.90 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1582.453 + 0
=1582.453

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1878.906 + 0
=1878.906

* 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.


First Foundation  (NYSE:FFWM) Effective Interest Rate on Debt % Explanation

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


First Foundation Effective Interest Rate on Debt % Related Terms

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First Foundation (First Foundation) Business Description

Industry
Traded in Other Exchanges
Address
200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201
First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.
Executives
Keller Ulrich E. Jr director, 10 percent owner, officer: EXECUTIVE CHAIRMAN 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
James Britton officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
David G. Lake director 18101 VON KARMAN AVE., SUITE 750, IRVINE CA 92612
Elizabeth A. Pagliarini director 2 SOUTH POINTE DR., SUITE 100, LAKE FOREST CA 92630
Diane M. Rubin director 40380 DESERT CREEK LANE, RANCHO MIRAGE CA 92270
Jacob Sonenshine director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Max Briggs director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Gabriel V. Vazquez director C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
John Hakopian director, officer: PRES FIRST FOUNDATION ADVISORS 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
Scott F Kavanaugh director, officer: CHIEF EXECUTIVE OFFICER 25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Christopher M. Naghibi officer: Chief Operating Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Amy Djou officer: Chief Financial Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Hugo J. Nuno officer: Chief Banking Officer C/O FIRST FOUNDATION INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Gary L Tice director
Mitchell M. Rosenberg director 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612