HSBC Holdings (HSBC Holdings) Effective Interest Rate on Debt % : 160.54% (As of Dec. 2023)

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What is HSBC Holdings 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. HSBC Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $260,288 Mil. HSBC Holdings's average total debt for the quarter that ended in Dec. 2023 was $162,133 Mil. Therefore, HSBC Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 160.54%.

HSBC Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for HSBC Holdings'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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HSBC Holdings Effective Interest Rate on Debt % Chart

HSBC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.65

5.41

5.52

14.80

29.62

HSBC Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															61.55	-	118.25	-	160.54

Competitive Comparison of HSBC Holdings's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, HSBC Holdings'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.

HSBC Holdings's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

HSBC Holdings Effective Interest Rate on Debt % Calculation

HSBC Holdings'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 * -65072	/	( (204239	+	235159)	/ 2 )
=	-1 * -65072	/	219699
=	29.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	204239	+	0
=	204239

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	235159	+	0
=	235159

HSBC Holdings'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -260288	/	( (89107	+	235159)	/ 2 )
=	-1 * -260288	/	162133
=	160.54 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89107	+	0
=	89107

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	235159	+	0
=	235159

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

HSBC Holdings (OTCPK:HBCYF) Effective Interest Rate on Debt % Explanation

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

HSBC Holdings Effective Interest Rate on Debt % Related Terms

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HSBC Holdings (HSBC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HSBC Holdings PLC (OTCPK:HBCYF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HSBC:USA 00005:Hong Kong HSBAl:UK HSBA:UK HBC1:Germany H1SB34:Brazil HSBC:Argentina

Address

8 Canada Square, London, GBR, E14 5HQ

Website

https://www.hsbc.com

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates across 64 countries with around 220,000 full-time staff. Key regions include Asia, Europe, the Middle East and North Africa, and North America. The United Kingdom and Hong Kong are the two largest markets for the bank. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.