Entie Commercial Bank (TPE:2849) Effective Interest Rate on Debt % : 335.82% (As of Mar. 2024)

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What is Entie Commercial 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. Entie Commercial Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NT$5,679 Mil. Entie Commercial Bank's average total debt for the quarter that ended in Mar. 2024 was NT$1,691 Mil. Therefore, Entie Commercial Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 335.82%.

Entie Commercial Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Entie Commercial 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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Entie Commercial Bank Effective Interest Rate on Debt % Chart

Entie Commercial Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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128.02

57.79

42.13

190.03

356.38

Entie Commercial 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															341.24	375.27	417.83	378.59	335.82

Competitive Comparison of Entie Commercial Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Entie Commercial 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.

Entie Commercial Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Entie Commercial Bank Effective Interest Rate on Debt % Calculation

Entie Commercial 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 * -5351.798	/	( (1443.179	+	1560.251)	/ 2 )
=	-1 * -5351.798	/	1501.715
=	356.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1443.179	+	0
=	1443.179

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1560.251	+	0
=	1560.251

Entie Commercial 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 * -5678.768	/	( (1560.251	+	1821.82)	/ 2 )
=	-1 * -5678.768	/	1691.0355
=	335.82 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1560.251	+	0
=	1560.251

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1821.82	+	0
=	1821.82

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.

Entie Commercial Bank (TPE:2849) Effective Interest Rate on Debt % Explanation

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

Entie Commercial Bank Effective Interest Rate on Debt % Related Terms

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Entie Commercial Bank (TPE:2849) Business Description

Industry

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Traded in Other Exchanges

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Address

Xinyi Road, 16th, 40th and 41st floors, No. 7, Section 5, Xinyi Disctrict, Taipei, TWN, 11049

Website

https://www.entiebank.com.tw

Entie Commercial Bank Entie Commercial Bank is engaged in banking activities and services in Taiwan. the Bank has three operating segments: Retail Banking includes the business of consumer finance and wealth management, Corporate Banking includes the business of corporate and financial markets, and Operating Management is responsible for the business relevant to operating management. the bank derives the vast majority of its revenue from the corporate segment. The Bank mainly operates its business in Taiwan.

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