Eastern Bankshares (FRA:EB0) Effective Interest Rate on Debt % : 491.33% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Eastern Bankshares 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. Eastern Bankshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €267.6 Mil. Eastern Bankshares's average total debt for the quarter that ended in Mar. 2024 was €54.5 Mil. Therefore, Eastern Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 491.33%.

Eastern Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Eastern Bankshares'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.

Eastern Bankshares Effective Interest Rate on Debt % Chart

Eastern Bankshares Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

34.45

36.81

17.68

9.61

60.69

Eastern Bankshares 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															21.44	32.03	48.97	72.22	491.33

Competitive Comparison of Eastern Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Eastern Bankshares'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.

Eastern Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Eastern Bankshares Effective Interest Rate on Debt % Calculation

Eastern Bankshares'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 * -225.628	/	( (699.341	+	44.214)	/ 2 )
=	-1 * -225.628	/	371.7775
=	60.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.757	+	652.584
=	699.341

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.127	+	0.087
=	44.214

Eastern Bankshares'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 * -267.576	/	( (44.214	+	64.704)	/ 2 )
=	-1 * -267.576	/	54.459
=	491.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.127	+	0.087
=	44.214

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.534	+	16.17
=	64.704

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.

Eastern Bankshares (FRA:EB0) Effective Interest Rate on Debt % Explanation

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

Eastern Bankshares Effective Interest Rate on Debt % Related Terms

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

Eastern Bankshares (FRA:EB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (FRA:EB0) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EBC:USA

Address

265 Franklin Street, Boston, MA, USA, 02110

Website

https://www.easternbank.com

Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

Eastern Bankshares (FRA:EB0) Headlines

No Headlines