Bank Bradesco (BUE:BBD) Effective Interest Rate on Debt % : 39.28% (As of Sep. 2024)

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What is Bank Bradesco 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. Bank Bradesco's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ARS25,603,412 Mil. Bank Bradesco's average total debt for the quarter that ended in Sep. 2024 was ARS65,176,395 Mil. Therefore, Bank Bradesco's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 39.28%.

Bank Bradesco Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank Bradesco'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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Bank Bradesco Effective Interest Rate on Debt % Chart

Bank Bradesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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30.32

22.08

25.52

54.19

61.21

Bank Bradesco Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															54.54	42.74	54.93	36.73	39.28

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

For the Banks - Regional subindustry, Bank Bradesco'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.

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

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

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

Bank Bradesco Effective Interest Rate on Debt % Calculation

Bank Bradesco'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 * -11521236.756	/	( (11161754.343	+	26485618.616)	/ 2 )
=	-1 * -11521236.756	/	18823686.4795
=	61.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11161754.343	+	0
=	11161754.343

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26485618.616	+	0
=	26485618.616

Bank Bradesco's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -25603412.088	/	( (63244746.938	+	67108043.299)	/ 2 )
=	-1 * -25603412.088	/	65176395.1185
=	39.28 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63244746.938	+	0
=	63244746.938

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67108043.299	+	0
=	67108043.299

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Bank Bradesco (BUE:BBD) Effective Interest Rate on Debt % Explanation

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

Bank Bradesco Effective Interest Rate on Debt % Related Terms

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Bank Bradesco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (BUE:BBD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BBDO:USA BBD:USA BBD:Mexico 0HL8:UK XBBDC:Spain BREA:Germany BRE:Germany BRE:Germany BBDC4:Brazil BBDC3:Brazil

Address

Cidade de Deus S/N, Silver Building, 4th floor, Vila Yara, Osasco, SP, BRA, 06029?900

Website

https://www.bradescori.com.br

Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.