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Pareto Bank ASA (OSL:PARB) Effective Interest Rate on Debt % : 11.92% (As of Mar. 2024)


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What is Pareto Bank ASA 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. Pareto Bank ASA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr1,000 Mil. Pareto Bank ASA's average total debt for the quarter that ended in Mar. 2024 was kr8,386 Mil. Therefore, Pareto Bank ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.92%.


Pareto Bank ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Pareto Bank ASA'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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Pareto Bank ASA Effective Interest Rate on Debt % Chart

Pareto Bank ASA Annual Data
Trend Dec14 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 4.68 3.97 2.51 4.39 9.95

Pareto Bank ASA 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 7.70 8.74 10.29 11.67 11.92

Competitive Comparison of Pareto Bank ASA's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Pareto Bank ASA'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.


Pareto Bank ASA's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Pareto Bank ASA Effective Interest Rate on Debt % Calculation

Pareto Bank ASA'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  *  -803.933/( (7652.118+8503.899)/ 2 )
=-1  *  -803.933/8078.0085
=9.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7652.118 + 0
=7652.118

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8503.899 + 0
=8503.899

Pareto Bank ASA'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  *  -999.568/( (8503.899+8268.908)/ 2 )
=-1  *  -999.568/8386.4035
=11.92 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8503.899 + 0
=8503.899

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8268.908 + 0
=8268.908

* 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.


Pareto Bank ASA  (OSL:PARB) Effective Interest Rate on Debt % Explanation

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


Pareto Bank ASA Effective Interest Rate on Debt % Related Terms

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Pareto Bank ASA (OSL:PARB) Business Description

Industry
Traded in Other Exchanges
Address
Dronning Mauds gate 3, P.O. Box 1823, Vika, Oslo, NOR, 0123
Pareto Bank ASA operates as a commercial bank in Norway. It offers diversified financial services including accepting deposits, financing of construction and rehabilitation of housing, financing solutions for companies, owners and investors, financing of shipping and offshore projects, banking. The bank also offers credit cards and online banking.

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