Bank of Nova Scotia (Bank of Nova Scotia) Effective Interest Rate on Debt % : 13.92% (As of Jan. 2024)

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What is Bank of Nova Scotia 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 of Nova Scotia's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $31,784 Mil. Bank of Nova Scotia's average total debt for the quarter that ended in Jan. 2024 was $228,349 Mil. Therefore, Bank of Nova Scotia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 13.92%.

Bank of Nova Scotia Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank of Nova Scotia'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 of Nova Scotia Effective Interest Rate on Debt % Chart

Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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6.32

5.24

3.56

5.31

12.33

Bank of Nova Scotia Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.25	12.29	12.96	12.80	13.92

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

For the Banks - Diversified subindustry, Bank of Nova Scotia'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 of Nova Scotia's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Bank of Nova Scotia Effective Interest Rate on Debt % Calculation

Bank of Nova Scotia's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -28104.58	/	( (227083.79	+	228860.123)	/ 2 )
=	-1 * -28104.58	/	227971.9565
=	12.33 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132039.594	+	95044.196
=	227083.79

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141395.858	+	87464.265
=	228860.123

Bank of Nova Scotia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -31784.252	/	( (228860.123	+	227838.039)	/ 2 )
=	-1 * -31784.252	/	228349.081
=	13.92 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141395.858	+	87464.265
=	228860.123

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	139250.54	+	88587.499
=	227838.039

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

Bank of Nova Scotia (NYSE:BNS) Effective Interest Rate on Debt % Explanation

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

Bank of Nova Scotia Effective Interest Rate on Debt % Related Terms

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Bank of Nova Scotia (Bank of Nova Scotia) Business Description

Industry

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BNSPF.PFD:USA BNS:Mexico BKN:Germany BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.