Nedbank Group (Nedbank Group) Effective Interest Rate on Debt % : 162.46% (As of Dec. 2023)

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What is Nedbank 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. Nedbank Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4,359 Mil. Nedbank Group's average total debt for the quarter that ended in Dec. 2023 was $2,683 Mil. Therefore, Nedbank Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 162.46%.

Nedbank Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Nedbank 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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Nedbank Group Effective Interest Rate on Debt % Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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98.30

73.49

55.95

81.08

140.92

Nedbank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															54.92	70.15	100.39	133.29	162.46

Competitive Comparison of Nedbank Group's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Nedbank 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.

Nedbank Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Nedbank Group Effective Interest Rate on Debt % Calculation

Nedbank 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 * -4128.848	/	( (3153.819	+	2706.196)	/ 2 )
=	-1 * -4128.848	/	2930.0075
=	140.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3153.819	+	0
=	3153.819

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2706.196	+	0
=	2706.196

Nedbank Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4359.41	/	( (2660.471	+	2706.196)	/ 2 )
=	-1 * -4359.41	/	2683.3335
=	162.46 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2660.471	+	0
=	2660.471

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2706.196	+	0
=	2706.196

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nedbank Group (OTCPK:NDBKY) Effective Interest Rate on Debt % Explanation

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

Nedbank Group Effective Interest Rate on Debt % Related Terms

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Nedbank Group (Nedbank Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.