Standard Chartered (LSE:STAB.PFD) Effective Interest Rate on Debt % : 26.94% (As of Mar. 2024)

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What is Standard Chartered 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. Standard Chartered's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £17,518.62 Mil. Standard Chartered's average total debt for the quarter that ended in Mar. 2024 was £65,020.60 Mil. Therefore, Standard Chartered's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 26.94%.

Standard Chartered Effective Interest Rate on Debt % Historical Data

The historical data trend for Standard Chartered'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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Standard Chartered Effective Interest Rate on Debt % Chart

Standard Chartered Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.87

6.23

3.88

8.71

20.67

Standard Chartered 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															20.30	20.95	25.34	23.48	26.94

Competitive Comparison of Standard Chartered's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, Standard Chartered'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.

Standard Chartered's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Standard Chartered Effective Interest Rate on Debt % Calculation

Standard Chartered'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 * -15371.82	/	( (75262.712	+	73489.75)	/ 2 )
=	-1 * -15371.82	/	74376.231
=	20.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75262.712	+	0
=	75262.712

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73489.75	+	0
=	73489.75

Standard Chartered'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 * -17518.62	/	( (73489.75	+	56551.459)	/ 2 )
=	-1 * -17518.62	/	65020.6045
=	26.94 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73489.75	+	0
=	73489.75

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56551.459	+	0
=	56551.459

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.

Standard Chartered (LSE:STAB.PFD) Effective Interest Rate on Debt % Explanation

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

Standard Chartered Effective Interest Rate on Debt % Related Terms

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Standard Chartered (LSE:STAB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Standard Chartered PLC (LSE:STAB.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SCBFY:USA SCBFF:USA 02888:Hong Kong STANl:UK STAN:UK STAC.PFD:UK STD:Germany

Address

1 Basinghall Avenue, London, GBR, EC2V 5DD

Website

https://www.sc.com

Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with the holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the U.K. and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the United Kingdom. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.

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