GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiLin JiuTai Rural Commercial Bank Corp Ltd (FRA:2JJ) » Definitions » Effective Interest Rate on Debt %

JiLin JiuTai Rural Commercial Bank (FRA:2JJ) Effective Interest Rate on Debt % : 224.61% (As of Jun. 2024)


View and export this data going back to 2017. Start your Free Trial

What is JiLin JiuTai Rural 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. JiLin JiuTai Rural Commercial Bank's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €993.1 Mil. JiLin JiuTai Rural Commercial Bank's average total debt for the quarter that ended in Jun. 2024 was €442.1 Mil. Therefore, JiLin JiuTai Rural Commercial Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 224.61%.


JiLin JiuTai Rural Commercial Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for JiLin JiuTai Rural 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.

* Premium members only.

JiLin JiuTai Rural Commercial Bank Effective Interest Rate on Debt % Chart

JiLin JiuTai Rural Commercial 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 25.76 45.18 89.83 123.25 165.55

JiLin JiuTai Rural Commercial Bank Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 114.81 128.24 168.42 215.95 224.61

Competitive Comparison of JiLin JiuTai Rural Commercial Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, JiLin JiuTai Rural 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.


JiLin JiuTai Rural Commercial Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



JiLin JiuTai Rural Commercial Bank Effective Interest Rate on Debt % Calculation

JiLin JiuTai Rural 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  *  -1046.188/( (782.673+481.22)/ 2 )
=-1  *  -1046.188/631.9465
=165.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=782.673 + 0
=782.673

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=481.22 + 0
=481.22

JiLin JiuTai Rural Commercial Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -993.078/( (481.22+403.036)/ 2 )
=-1  *  -993.078/442.128
=224.61 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=481.22 + 0
=481.22

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=403.036 + 0
=403.036

* 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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


JiLin JiuTai Rural Commercial Bank  (FRA:2JJ) Effective Interest Rate on Debt % Explanation

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


JiLin JiuTai Rural Commercial Bank Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of JiLin JiuTai Rural Commercial Bank's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


JiLin JiuTai Rural Commercial Bank Business Description

Traded in Other Exchanges
Address
No. 2559 Wei Shan Road, High and New Technology Development Zone, Jilin Province, Changchun, CHN
JiLin JiuTai Rural Commercial Bank Corp Ltd is engaged in the provision of banking services. The company's operating segment includes Corporate banking; Retail banking; Treasury operations and Others. The bank offers loan business, deposits, certificates of deposits, and other related services. It generates maximum revenue from the Corporate banking segment. Geographically, the firm operates in Mainland China.

JiLin JiuTai Rural Commercial Bank Headlines

No Headlines