Surnadal Sparebank (OSL:SUSB) Effective Interest Rate on Debt % : 3.62% (As of Mar. 2021)

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What is Surnadal Sparebank 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. Surnadal Sparebank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was kr56.6 Mil. Surnadal Sparebank's average total debt for the quarter that ended in Mar. 2021 was kr1,564.6 Mil. Therefore, Surnadal Sparebank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was 3.62%.

Surnadal Sparebank Effective Interest Rate on Debt % Historical Data

The historical data trend for Surnadal Sparebank'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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Surnadal Sparebank Effective Interest Rate on Debt % Chart

Surnadal Sparebank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

4.27

5.24

6.77

5.10

Surnadal Sparebank Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											7.26	6.17	4.18	3.95	3.62

Competitive Comparison of Surnadal Sparebank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Surnadal Sparebank'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.

Surnadal Sparebank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Surnadal Sparebank Effective Interest Rate on Debt % Calculation

Surnadal Sparebank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -79.064	/	( (1495.712	+	1604.708)	/ 2 )
=	-1 * -79.064	/	1550.21
=	5.10 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1495.712	+	0
=	1495.712

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1604.708	+	0
=	1604.708

Surnadal Sparebank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2020 )	+	Total Debt (Q: Mar. 2021 ))	/ count )
=	-1 * -56.58	/	( (1604.708	+	1524.405)	/ 2 )
=	-1 * -56.58	/	1564.5565
=	3.62 %

where

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1604.708	+	0
=	1604.708

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1524.405	+	0
=	1524.405

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Surnadal Sparebank (OSL:SUSB) Effective Interest Rate on Debt % Explanation

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

Surnadal Sparebank Effective Interest Rate on Debt % Related Terms

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Surnadal Sparebank (OSL:SUSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Surnadal Sparebank (OSL:SUSB) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Bardshaugvegen 7, Surnadal, NOR, 6650

Website

https://www.bank.no

Surnadal Sparebank is an independent saving bank. It is a medium-sized savings bank with a wide range of products and services within loans, placement, self-service solutions, cards, insurance and real estate.