United Bank for Africa (NSA:UBA) Effective Interest Rate on Debt % : 76.37% (As of Dec. 2023)

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What is United Bank for Africa 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. United Bank for Africa's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₦578,392 Mil. United Bank for Africa's average total debt for the quarter that ended in Dec. 2023 was ₦757,322 Mil. Therefore, United Bank for Africa's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 76.37%.

United Bank for Africa Effective Interest Rate on Debt % Historical Data

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

United Bank for Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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27.41

25.17

30.15

37.87

52.82

United Bank for Africa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															31.47	53.73	54.50	46.24	76.37

Competitive Comparison of United Bank for Africa's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, United Bank for Africa'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.

United Bank for Africa's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

United Bank for Africa Effective Interest Rate on Debt % Calculation

United Bank for Africa'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 * -367807	/	( (524202	+	868424)	/ 2 )
=	-1 * -367807	/	696313
=	52.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	524202	+	0
=	524202

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	868424	+	0
=	868424

United Bank for Africa'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -578392	/	( (646219	+	868424)	/ 2 )
=	-1 * -578392	/	757321.5
=	76.37 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	646219	+	0
=	646219

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	868424	+	0
=	868424

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

United Bank for Africa (NSA:UBA) Effective Interest Rate on Debt % Explanation

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

United Bank for Africa Effective Interest Rate on Debt % Related Terms

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United Bank for Africa (NSA:UBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bank for Africa PLC (NSA:UBA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Marina, UBA House, Lagos, NGA

Website

https://www.ubagroup.com

United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments of the company are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.