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Eurobank Ergasias Services And Holdings (ATH:EUROB) Effective Interest Rate on Debt % : 34.60% (As of Mar. 2024)


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What is Eurobank Ergasias Services And Holdings 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. Eurobank Ergasias Services And Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €2,632 Mil. Eurobank Ergasias Services And Holdings's average total debt for the quarter that ended in Mar. 2024 was €7,607 Mil. Therefore, Eurobank Ergasias Services And Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 34.60%.


Eurobank Ergasias Services And Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Eurobank Ergasias Services And Holdings'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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Eurobank Ergasias Services And Holdings Effective Interest Rate on Debt % Chart

Eurobank Ergasias Services And Holdings 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 8.97 11.35 15.20 16.82 35.25

Eurobank Ergasias Services And Holdings 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 29.77 38.42 43.35 37.16 34.60

Competitive Comparison of Eurobank Ergasias Services And Holdings's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Eurobank Ergasias Services And Holdings'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.


Eurobank Ergasias Services And Holdings's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Eurobank Ergasias Services And Holdings's Effective Interest Rate on Debt % falls into.



Eurobank Ergasias Services And Holdings Effective Interest Rate on Debt % Calculation

Eurobank Ergasias Services And Holdings'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  *  -2280/( (5184+7753)/ 2 )
=-1  *  -2280/6468.5
=35.25 %

where

Eurobank Ergasias Services And Holdings'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  *  -2632/( (7753+7460)/ 2 )
=-1  *  -2632/7606.5
=34.60 %

where

* 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.


Eurobank Ergasias Services And Holdings  (ATH:EUROB) Effective Interest Rate on Debt % Explanation

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


Eurobank Ergasias Services And Holdings Effective Interest Rate on Debt % Related Terms

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Eurobank Ergasias Services And Holdings (ATH:EUROB) Business Description

Traded in Other Exchanges
Address
8 Othonos Street, Athens, GRC, 105 57
Eurobank Ergasias Services And Holdings SA is a full-service banking group operating in Greece, but with some exposure to the rest of Europe. In addition to its extensive branch network offering retail and corporate banking services in its home country, the group engages in retail and business banking in Bulgaria, Romania, and Serbia, as well as wealth management services in Cyprus, Luxembourg, and London. Loans and advances to customers constitute a majority of the group's earning assets, mostly in retail mortgages, followed by commercial and small business loans. A majority of the bank's net revenue is net interest income, followed by net fees and commissions.

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