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Grupo de Inversiones Suramericana (BOG:GRUPOSURA) Effective Interest Rate on Debt % : 16.58% (As of Mar. 2024)


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What is Grupo de Inversiones Suramericana 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. Grupo de Inversiones Suramericana's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was COP1,292,592 Mil. Grupo de Inversiones Suramericana's average total debt for the quarter that ended in Mar. 2024 was COP7,794,351 Mil. Therefore, Grupo de Inversiones Suramericana's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.58%.


Grupo de Inversiones Suramericana Effective Interest Rate on Debt % Historical Data

The historical data trend for Grupo de Inversiones Suramericana'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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Grupo de Inversiones Suramericana Effective Interest Rate on Debt % Chart

Grupo de Inversiones Suramericana 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 8.76 8.26 8.11 10.45 12.80

Grupo de Inversiones Suramericana 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 10.85 12.58 12.65 15.62 16.58

Competitive Comparison of Grupo de Inversiones Suramericana's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Grupo de Inversiones Suramericana'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.


Grupo de Inversiones Suramericana's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Grupo de Inversiones Suramericana's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Grupo de Inversiones Suramericana's Effective Interest Rate on Debt % falls into.



Grupo de Inversiones Suramericana Effective Interest Rate on Debt % Calculation

Grupo de Inversiones Suramericana'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  *  -1128275/( (9851338+7781394)/ 2 )
=-1  *  -1128275/8816366
=12.80 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9768057 + 83281
=9851338

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7692072 + 89322
=7781394

Grupo de Inversiones Suramericana'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  *  -1292592/( (7781394+7807308)/ 2 )
=-1  *  -1292592/7794351
=16.58 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7692072 + 89322
=7781394

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7807308 + 0
=7807308

* 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.


Grupo de Inversiones Suramericana  (BOG:GRUPOSURA) Effective Interest Rate on Debt % Explanation

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


Grupo de Inversiones Suramericana Effective Interest Rate on Debt % Related Terms

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Grupo de Inversiones Suramericana (BOG:GRUPOSURA) Business Description

Traded in Other Exchanges
Address
Carrera 43A, Number 5A - 113, Ed. One Plaza, North Tower, El Poblado, Medellin, COL, 05001000
Grupo de Inversiones Suramericana SA is a Latin American investment holding company with holdings in Colombian entities. Grupo Sura also holds stakes in companies throughout the Americas, including Chile, Mexico, Peru, Colombia, and Uruguay. The group's investment portfolio is mostly concentrated in the financial, pension, insurance, social security, and complimentary services industries. The company also holds smaller stakes in processed food, cement, and energy companies. Grupo Sura targets companies that emphasize innovation and offer complementary services across its portfolio holdings.

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