DFCC Bank (COL:DFCC.N0000) Effective Interest Rate on Debt % : 46.39% (As of Mar. 2024)

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What is DFCC Bank 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. DFCC Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was රු54,087 Mil. DFCC Bank's average total debt for the quarter that ended in Mar. 2024 was රු116,604 Mil. Therefore, DFCC Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 46.39%.

DFCC Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for DFCC Bank'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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DFCC Bank Effective Interest Rate on Debt % Chart

DFCC Bank Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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36.30

32.50

26.56

38.39

48.67

DFCC Bank 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															59.91	68.50	61.81	47.71	46.39

Competitive Comparison of DFCC Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, DFCC Bank'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.

DFCC Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

DFCC Bank Effective Interest Rate on Debt % Calculation

DFCC Bank'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 * -65584.019	/	( (128325.965	+	141157.898)	/ 2 )
=	-1 * -65584.019	/	134741.9315
=	48.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	128325.965	+	0
=	128325.965

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141157.898	+	0
=	141157.898

DFCC Bank'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 * -54087.008	/	( (141157.898	+	92050.009)	/ 2 )
=	-1 * -54087.008	/	116603.9535
=	46.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141157.898	+	0
=	141157.898

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92050.009	+	0
=	92050.009

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.

DFCC Bank (COL:DFCC.N0000) Effective Interest Rate on Debt % Explanation

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

DFCC Bank Effective Interest Rate on Debt % Related Terms

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DFCC Bank (COL:DFCC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DFCC Bank PLC (COL:DFCC.N0000) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

73/5, Galle Road, Colombo, LKA, 03

Website

https://www.dfcc.lk

DFCC Bank PLC is a development bank operating along with its subsidiary and venture company in Sri Lanka that operates in four segments; Corporate Banking includes Loans deposits and other transactions and balances with corporate customers, Retail Banking includes Loans, deposits, and other transactions and balances with retail customers, The Treasury segment includes Funding and centralized risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in short-term placements and corporate and government debt securities, and Other segment includes Revenue and expenses attributable to the incorporated business segments of industrial estate management, unit trust management, stock brokering, and consultancy services.

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