Banco Bmg (BSP:BMGB4) Effective Interest Rate on Debt % : 73.15% (As of Mar. 2024)

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What is Banco Bmg 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. Banco Bmg's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was R$3,913 Mil. Banco Bmg's average total debt for the quarter that ended in Mar. 2024 was R$5,349 Mil. Therefore, Banco Bmg's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 73.15%.

Banco Bmg Effective Interest Rate on Debt % Historical Data

The historical data trend for Banco Bmg'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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Banco Bmg Effective Interest Rate on Debt % Chart

Banco Bmg Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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46.46

44.76

25.79

37.36

81.97

Banco Bmg Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															68.32	73.24	89.68	98.91	73.15

Competitive Comparison of Banco Bmg's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banco Bmg'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.

Banco Bmg's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Banco Bmg's Effective Interest Rate on Debt % falls into.

Banco Bmg Effective Interest Rate on Debt % Calculation

Banco Bmg's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -3699.905	/	( (3752.983	+	5274.962)	/ 2 )
=	-1 * -3699.905	/	4513.9725
=	81.97 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3752.983	+	0
=	3752.983

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5274.962	+	0
=	5274.962

Banco Bmg'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: Jun. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -3912.956	/	( (4990.896	+	5706.896)	/ 2 )
=	-1 * -3912.956	/	5348.896
=	73.15 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4990.896	+	0
=	4990.896

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5706.896	+	0
=	5706.896

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.

Banco Bmg (BSP:BMGB4) Effective Interest Rate on Debt % Explanation

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

Banco Bmg Effective Interest Rate on Debt % Related Terms

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Banco Bmg (BSP:BMGB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Bmg SA (BSP:BMGB4) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Avenida Presidente Juscelino Kubitscheck, 1830, 10th Floor, Tower 2, Vila Nova Conceicao, Sao Paulo, SP, BRA, CEP 04543-900

Website

https://www.bancobmg.com.br

Banco Bmg SA BMG is a Brazilian company that operates as a multiple service bank with commercial and credit, financing and investment portfolios. The company operates in three segments: Retail Banking, Wholesale Banking and Insurance. The majority of the revenue is generated from the retail banking segment.

Banco Bmg (BSP:BMGB4) Headlines

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