GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ecobank Transnational Inc (NSA:ETI) » Definitions » Effective Interest Rate on Debt %

Ecobank Transnational (NSA:ETI) Effective Interest Rate on Debt % : 28.20% (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Ecobank Transnational 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. Ecobank Transnational's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₦965,200 Mil. Ecobank Transnational's average total debt for the quarter that ended in Mar. 2024 was ₦3,422,859 Mil. Therefore, Ecobank Transnational's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 28.20%.


Ecobank Transnational Effective Interest Rate on Debt % Historical Data

The historical data trend for Ecobank Transnational'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.

* Premium members only.

Ecobank Transnational Effective Interest Rate on Debt % Chart

Ecobank Transnational Annual Data
Trend Dec13 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 32.35 24.70 25.27 27.75 33.58

Ecobank Transnational 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 32.37 31.85 29.88 32.08 28.20

Competitive Comparison of Ecobank Transnational's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Ecobank Transnational'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.


Ecobank Transnational's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Ecobank Transnational Effective Interest Rate on Debt % Calculation

Ecobank Transnational'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  *  -1026531.054/( (3003085.335+3111456.216)/ 2 )
=-1  *  -1026531.054/3057270.7755
=33.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3003085.335 + 0
=3003085.335

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3111456.216 + 0
=3111456.216

Ecobank Transnational'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  *  -965199.684/( (3111456.216+3734262.025)/ 2 )
=-1  *  -965199.684/3422859.1205
=28.20 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3111456.216 + 0
=3111456.216

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3734262.025 + 0
=3734262.025

* 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.


Ecobank Transnational  (NSA:ETI) Effective Interest Rate on Debt % Explanation

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


Ecobank Transnational Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Ecobank Transnational's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Ecobank Transnational (NSA:ETI) Business Description

Industry
Traded in Other Exchanges
Address
2365, Boulevard du Mono, Lome, TGO, 3261
Ecobank Transnational Inc is a pan-African banking group that through its subsidiaries provides retail, investment, and corporate banking services to governments, financial institutions, multinationals, local companies, small and mid-size enterprises(SMEs), and individuals. It provides banking services throughout sub-Saharan Africa outside South Africa. Its activities are grouped into three customer-focused business segments namely Corporate and Investment Bank, Commercial banking, and Consumer. The company's Geographical segments include Francophone West Africa (UEMOA), Nigeria, Anglophone West Africa (AWA), Central, Eastern and Southern Africa (CESA), and others.

Ecobank Transnational (NSA:ETI) Headlines

No Headlines