Military Commercial Joint Stock Bank (STC:MBB) Effective Interest Rate on Debt % : 19.35% (As of Mar. 2024)

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What is Military Commercial Joint Stock 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. Military Commercial Joint Stock Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₫28,791,896 Mil. Military Commercial Joint Stock Bank's average total debt for the quarter that ended in Mar. 2024 was ₫148,814,140 Mil. Therefore, Military Commercial Joint Stock Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.35%.

Military Commercial Joint Stock Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Military Commercial Joint Stock 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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Military Commercial Joint Stock Bank Effective Interest Rate on Debt % Chart

Military Commercial Joint Stock Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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33.57

20.08

12.80

13.43

20.94

Military Commercial Joint Stock 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															21.14	22.57	20.37	20.00	19.35

Competitive Comparison of Military Commercial Joint Stock Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Military Commercial Joint Stock 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.

Military Commercial Joint Stock Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Military Commercial Joint Stock Bank's Effective Interest Rate on Debt % falls into.

Military Commercial Joint Stock Bank Effective Interest Rate on Debt % Calculation

Military Commercial Joint Stock Bank'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 * -30459195	/	( (130638320	+	160260556)	/ 2 )
=	-1 * -30459195	/	145449438
=	20.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	130638320	+	0
=	130638320

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160260556	+	0
=	160260556

Military Commercial Joint Stock 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 * -28791896	/	( (160260556	+	137367724)	/ 2 )
=	-1 * -28791896	/	148814140
=	19.35 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160260556	+	0
=	160260556

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	137367724	+	0
=	137367724

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.

Military Commercial Joint Stock Bank (STC:MBB) Effective Interest Rate on Debt % Explanation

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

Military Commercial Joint Stock Bank Effective Interest Rate on Debt % Related Terms

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Military Commercial Joint Stock Bank (STC:MBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Military Commercial Joint Stock Bank (STC:MBB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Le Van Luong Street, 25th Floor, MB Building, Trung Hoa Ward, Cau Giay District, Hanoi, VNM

Website

https://www.mbbank.com.vn

Military Commercial Joint Stock Bank provides personal and corporate banking services in Vietnam. The company is engaged in mobilizing and receiving short. medium and long-term deposit funds from organizations and individuals; lending on a short, medium and long-term; conducting settlement and cash services and other banking services as approved by the SBV; making capital contributions. Its operating segment includes Banking and Finance; Securities - Fund Management; Insurance and Debt collection - Asset management. The company generates maximum revenue from Banking and Finance segment.