SSIF BRK Financial Group (BSE:BRK) Effective Interest Rate on Debt % : 11.08% (As of Jun. 2023)

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What is SSIF BRK 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. SSIF BRK Financial Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was lei4.87 Mil. SSIF BRK Financial Group's average total debt for the quarter that ended in Jun. 2023 was lei43.92 Mil. Therefore, SSIF BRK Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 11.08%.

SSIF BRK Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for SSIF BRK 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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SSIF BRK Financial Group Effective Interest Rate on Debt % Chart

SSIF BRK Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.06

6.19

1.12

9.72

9.46

SSIF BRK Financial Group Quarterly Data
	Dec15	Dec16	Mar17	Dec17	Mar18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.22	-	10.44	11.08	-

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

For the Capital Markets subindustry, SSIF BRK 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.

SSIF BRK Financial Group's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

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

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

SSIF BRK Financial Group Effective Interest Rate on Debt % Calculation

SSIF BRK 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 * -4.664	/	( (49.161	+	49.479)	/ 2 )
=	-1 * -4.664	/	49.32
=	9.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.085	+	21.076
=	49.161

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.395	+	21.084
=	49.479

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -4.868	/	( (40.721	+	47.124)	/ 2 )
=	-1 * -4.868	/	43.9225
=	11.08 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.825	+	15.896
=	40.721

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.547	+	18.577
=	47.124

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SSIF BRK Financial Group (BSE:BRK) Effective Interest Rate on Debt % Explanation

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

SSIF BRK Financial Group Effective Interest Rate on Debt % Related Terms

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SSIF BRK Financial Group (BSE:BRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SSIF BRK Financial Group SA (BSE:BRK) » Definitions » Effective Interest Rate on Debt %

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Address

Calea Motilor No. 119, Cluj-Napoca, ROU, 400045

Website

https://www.brk.ro

SSIF BRK Financial Group SA is a Romania based financial investment services company. It offers services for its retail and institutional clients. It operates in two segments, 1) The intermediary segment refers to all the transaction intermediation services offered to individual investors and companies, as well as to the specialized services offered to institutional clients. 2) Own portfolio management segment.

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