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Far Eastern International Bank (TPE:2845) Effective Interest Rate on Debt % : 24.12% (As of Mar. 2024)


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What is Far Eastern International 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. Far Eastern International Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$12,939 Mil. Far Eastern International Bank's average total debt for the quarter that ended in Mar. 2024 was NT$53,636 Mil. Therefore, Far Eastern International Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 24.12%.


Far Eastern International Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Far Eastern International 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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Far Eastern International Bank Effective Interest Rate on Debt % Chart

Far Eastern International Bank 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 19.44 13.17 7.41 10.35 21.78

Far Eastern International 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 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 18.00 20.39 23.06 24.49 24.12

Competitive Comparison of Far Eastern International Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Far Eastern International 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.


Far Eastern International Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Far Eastern International Bank's Effective Interest Rate on Debt % falls into.



Far Eastern International Bank Effective Interest Rate on Debt % Calculation

Far Eastern International 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  *  -11524.413/( (53680.057+52150.349)/ 2 )
=-1  *  -11524.413/52915.203
=21.78 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53680.057 + 0
=53680.057

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52150.349 + 0
=52150.349

Far Eastern International 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  *  -12938.968/( (52150.349+55121.103)/ 2 )
=-1  *  -12938.968/53635.726
=24.12 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52150.349 + 0
=52150.349

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55121.103 + 0
=55121.103

* 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.


Far Eastern International Bank  (TPE:2845) Effective Interest Rate on Debt % Explanation

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


Far Eastern International Bank Effective Interest Rate on Debt % Related Terms

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Far Eastern International Bank (TPE:2845) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun Hwa South Road, 26, 27th Floor, Section 2, Taipei, TWN
Far Eastern International Bank is a provider of financial solutions in Taiwan. The bank serves both individual and institutional customers through personal banking and corporate banking. The bank offers services such as savings and checking accounts, foreign exchange services, insurance, tax-savings, wealth management, credit cards, consumer loans, mortgages, car loans, offshore banking services, derivatives, margin trading, asset swaps, trading of government and corporate bonds, bank debentures, trusts, and real estate services. The bank generates all revenue domestically.

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