What is OFG 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. OFG Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $157.3 Mil. OFG Bancorp's average total debt for the quarter that ended in Mar. 2024 was $224.8 Mil. Therefore, OFG Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 69.98%.
OFG Bancorp Effective Interest Rate on Debt % Historical Data
The historical data trend for OFG 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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OFG Bancorp Effective Interest Rate on Debt % Chart
Competitive Comparison of OFG Bancorp's Effective Interest Rate on Debt %
For the Banks - Regional subindustry, OFG 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.
OFG Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, OFG Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where OFG Bancorp's Effective Interest Rate on Debt % falls into.
OFG Bancorp Effective Interest Rate on Debt % Calculation
OFG Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
OFG Bancorp (NYSE:OFG) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
OFG Bancorp Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of OFG Bancorp's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
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