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China Everbright Bank Co (China Everbright Bank Co) Effective Interest Rate on Debt % : 11.06% (As of Mar. 2024)


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What is China Everbright Bank Co 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. China Everbright Bank Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $20,397 Mil. China Everbright Bank Co's average total debt for the quarter that ended in Mar. 2024 was $184,464 Mil. Therefore, China Everbright Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.06%.


China Everbright Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for China Everbright Bank Co'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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China Everbright Bank Co Effective Interest Rate on Debt % Chart

China Everbright Bank Co 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 18.76 19.68 15.11 12.05 11.92

China Everbright Bank Co 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 12.79 12.57 12.45 11.68 11.06

Competitive Comparison of China Everbright Bank Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, China Everbright Bank Co'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.


China Everbright Bank Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where China Everbright Bank Co's Effective Interest Rate on Debt % falls into.



China Everbright Bank Co Effective Interest Rate on Debt % Calculation

China Everbright Bank Co'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  *  -20073.527/( (154155.084+182611.131)/ 2 )
=-1  *  -20073.527/168383.1075
=11.92 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=154155.084 + 0
=154155.084

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=182611.131 + 0
=182611.131

China Everbright Bank Co'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  *  -20396.86/( (182611.131+186317.434)/ 2 )
=-1  *  -20396.86/184464.2825
=11.06 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=182611.131 + 0
=182611.131

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=186317.434 + 0
=186317.434

* 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.


China Everbright Bank Co  (OTCPK:CEBCF) Effective Interest Rate on Debt % Explanation

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


China Everbright Bank Co Effective Interest Rate on Debt % Related Terms

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China Everbright Bank Co (China Everbright Bank Co) Business Description

Traded in Other Exchanges
Address
No. 25 and No. 25 A Taipingqiao Street, China Everbright Center, Xicheng District, Beijing, CHN, 100033
China Everbright Bank Co Ltd is a licensed bank financial institution. The principal activities of the Bank and its subsidiaries are the provision of corporate and retail deposits, loans and advances, settlement, treasury business and other financial services as approved by the CBIRC. The Group mainly operates in Mainland China and also has a number of overseas branches and subsidiaries. The Group manages its business by business lines and geographical areas. The Group's segments include Corporate banking, Retail banking, Financial market business and Others.

China Everbright Bank Co (China Everbright Bank Co) Headlines

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