City Union Bank (NSE:CUB) Effective Interest Rate on Debt % : 70.07% (As of Mar. 2024)

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What is City Union 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. City Union Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹33,102 Mil. City Union Bank's average total debt for the quarter that ended in Mar. 2024 was ₹47,242 Mil. Therefore, City Union Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 70.07%.

City Union Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for City Union 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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City Union Bank Effective Interest Rate on Debt % Chart

City Union Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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188.71

137.55

59.81

47.05

64.33

City Union 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															56.43	58.78	67.84	71.80	70.07

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

For the Banks - Regional subindustry, City Union 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.

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

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

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

City Union Bank Effective Interest Rate on Debt % Calculation

City Union Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -31471.008	/	( (50602.377	+	47241.577)	/ 2 )
=	-1 * -31471.008	/	48921.977
=	64.33 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50602.377	+	0
=	50602.377

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47241.577	+	0
=	47241.577

City Union 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 * -33101.676	/	( (0	+	47241.577)	/ 1 )
=	-1 * -33101.676	/	47241.577
=	70.07 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47241.577	+	0
=	47241.577

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.

City Union Bank (NSE:CUB) Effective Interest Rate on Debt % Explanation

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

City Union Bank Effective Interest Rate on Debt % Related Terms

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City Union Bank (NSE:CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » City Union Bank Ltd (NSE:CUB) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

532210:India

Address

Number 24 - B, Gandhi Nagar, Narayana, Kumbakonam, Thanjavur, TN, IND, 612 001

Website

https://www.cityunionbank.com

City Union Bank Ltd is a provider of banking products and services to individuals and corporations in India. The company is based in India, and generates the entirety of its revenue domestically. City Union Bank operates through four segments: Corporate banking, Treasury, Retail Banking and Other Banking Operations. Of these, Retail Banking is the largest contributor to the bank's revenues. Services offered to clients include savings and current accounts, deposits, credit, foreign deposits, auto loans, educational loans, consumer and jewel loans, life insurance, general insurance and online banking services.