Banco Pichincha CA (XGUA:PCD) Effective Interest Rate on Debt % : 53.30% (As of Dec. 2023)

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What is Banco Pichincha CA 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. Banco Pichincha CA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $783 Mil. Banco Pichincha CA's average total debt for the quarter that ended in Dec. 2023 was $1,469 Mil. Therefore, Banco Pichincha CA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 53.30%.

Banco Pichincha CA Effective Interest Rate on Debt % Historical Data

The historical data trend for Banco Pichincha CA'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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Banco Pichincha CA Effective Interest Rate on Debt % Chart

Banco Pichincha CA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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37.56

36.56

36.81

44.32

53.30

Banco Pichincha CA Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			37.56	36.56	36.81	44.32	53.30

Competitive Comparison of Banco Pichincha CA's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banco Pichincha CA'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.

Banco Pichincha CA's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Banco Pichincha CA's Effective Interest Rate on Debt % falls into.

Banco Pichincha CA Effective Interest Rate on Debt % Calculation

Banco Pichincha CA'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 * -783.186	/	( (1419.429	+	1519.191)	/ 2 )
=	-1 * -783.186	/	1469.31
=	53.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1419.429	+	0
=	1419.429

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1519.191	+	0
=	1519.191

Banco Pichincha CA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -783.186	/	( (1419.429	+	1519.191)	/ 2 )
=	-1 * -783.186	/	1469.31
=	53.30 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1419.429	+	0
=	1419.429

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1519.191	+	0
=	1519.191

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 one times the annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Banco Pichincha CA (XGUA:PCD) Effective Interest Rate on Debt % Explanation

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

Banco Pichincha CA Effective Interest Rate on Debt % Related Terms

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Banco Pichincha CA (XGUA:PCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Pichincha CA (XGUA:PCD) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

PCD:Ecuador

Address

Av Amazonas 4545, Pereira. Building Financial Center Office No. 507, Quito, ECU

Website

https://www.pichincha.com

Banco Pichincha CA provides banking services in Ecuador. The products and services of the bank include electronic banking, savings account, current account, debit cards, credit cards, and other related services.

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