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Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) Effective Interest Rate on Debt % : 23.41% (As of Dec. 2023)


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What is Bendigo and Adelaide 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. Bendigo and Adelaide Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2,037.62 Mil. Bendigo and Adelaide Bank's average total debt for the quarter that ended in Dec. 2023 was $8,703.37 Mil. Therefore, Bendigo and Adelaide Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 23.41%.


Bendigo and Adelaide Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Bendigo and Adelaide 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.

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Bendigo and Adelaide Bank Effective Interest Rate on Debt % Chart

Bendigo and Adelaide Bank Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.60 18.17 5.07 2.45 13.00

Bendigo and Adelaide Bank Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 3.16 3.91 10.49 16.67 23.41

Competitive Comparison of Bendigo and Adelaide Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bendigo and Adelaide 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.


Bendigo and Adelaide Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Bendigo and Adelaide Bank Effective Interest Rate on Debt % Calculation

Bendigo and Adelaide Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -1185.235/( (9285.945+8942.953)/ 2 )
=-1  *  -1185.235/9114.449
=13.00 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9285.945 + 0
=9285.945

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8942.953 + 0
=8942.953

Bendigo and Adelaide Bank'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -2037.618/( (8942.953+8463.788)/ 2 )
=-1  *  -2037.618/8703.3705
=23.41 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8942.953 + 0
=8942.953

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8463.788 + 0
=8463.788

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


Bendigo and Adelaide Bank  (OTCPK:BXRBY) Effective Interest Rate on Debt % Explanation

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


Bendigo and Adelaide Bank Effective Interest Rate on Debt % Related Terms

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Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) Business Description

Address
22-44 Bath Lane, The Bendigo Centre, Bendigo, VIC, AUS, 3550
Founded in 1858 as the Bendigo Building Society as a leading regional bank operating in the consumer, small-business, and rural banking sectors, Bendigo gained public goodwill after rolling out branches in locations deserted by major banks in the late 1990s and early 2000s. The Adelaide Bank merger in 2007 diversified the bank into wholesale banking, while expanding the geographical footprint. It is a conservatively managed retail bank with a long history, a well-regarded retail franchise, and high levels of customer and shareholder loyalty.