BSP Financial Group (ASX:BFL) Effective Interest Rate on Debt % : 38.99% (As of Dec. 2023)

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What is BSP Financial Group 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. BSP Financial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$43 Mil. BSP Financial Group's average total debt for the quarter that ended in Dec. 2023 was A$111 Mil. Therefore, BSP Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 38.99%.

BSP Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for BSP Financial Group'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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BSP Financial Group Effective Interest Rate on Debt % Chart

BSP Financial Group Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

20.88

17.25

29.09

BSP Financial Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			19.45	16.07	18.38	23.89	38.99

Competitive Comparison of BSP Financial Group's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, BSP Financial Group'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.

BSP Financial Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where BSP Financial Group's Effective Interest Rate on Debt % falls into.

BSP Financial Group Effective Interest Rate on Debt % Calculation

BSP Financial Group'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 * -46.74	/	( (210.578	+	110.745)	/ 2 )
=	-1 * -46.74	/	160.6615
=	29.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	210.578
=	210.578

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	110.745
=	110.745

BSP Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -43.182	/	( (0	+	110.745)	/ 1 )
=	-1 * -43.182	/	110.745
=	38.99 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	110.745
=	110.745

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

BSP Financial Group (ASX:BFL) Effective Interest Rate on Debt % Explanation

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

BSP Financial Group Effective Interest Rate on Debt % Related Terms

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BSP Financial Group (ASX:BFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BSP Financial Group Ltd (ASX:BFL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Klinki Street, Waigani Drive, Section 34, Allotment 6 and 7, Hohola, Port Moresby, PNG, 121

Website

https://www.bsp.com.pg

BSP Financial Group Ltd is a diversified business covering banking, asset finance, life insurance, funds management, and corporate advisory services across the South Pacific and South-East Asia. The company's operating segment includes PNG Bank; Offshore Banks and Non-Bank Entities. It generates a vast majority of its revenues from the PNG Bank segment.

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