China Banking (China Banking) Effective Interest Rate on Debt % : 26.98% (As of Dec. 2023)

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What is China Banking 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. China Banking's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $473.20 Mil. China Banking's average total debt for the quarter that ended in Dec. 2023 was $1,754.01 Mil. Therefore, China Banking's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 26.98%.

China Banking Effective Interest Rate on Debt % Historical Data

The historical data trend for China Banking'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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China Banking Effective Interest Rate on Debt % Chart

China Banking Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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37.95

17.39

7.81

10.92

24.63

China Banking 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															17.74	23.36	27.64	28.38	26.98

Competitive Comparison of China Banking's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, China Banking'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.

China Banking's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

China Banking Effective Interest Rate on Debt % Calculation

China Banking'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 * -448.599	/	( (1764.841	+	1877.291)	/ 2 )
=	-1 * -448.599	/	1821.066
=	24.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1764.841	+	0
=	1764.841

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1877.291	+	0
=	1877.291

China Banking'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 * -473.204	/	( (1630.733	+	1877.291)	/ 2 )
=	-1 * -473.204	/	1754.012
=	26.98 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1630.733	+	0
=	1630.733

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1877.291	+	0
=	1877.291

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.

China Banking (OTCPK:CKGOY) Effective Interest Rate on Debt % Explanation

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

China Banking Effective Interest Rate on Debt % Related Terms

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China Banking (China Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Banking Corp (OTCPK:CKGOY) » Definitions » Effective Interest Rate on Debt %

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CHIB:Philippines

Address

8745 Paseo de Roxas corner Villar Street, 15th Floor, China Bank Building, Makati City, PHL, 1226

Website

https://www.chinabank.ph

China Banking Corp is a commercial bank engaged in corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, and insurance products. The group has five business segments namely, Institutional Banking, Consumer Banking, Retail Banking Business, Financial Markets, and Others which include credit management, thrift banking business, operations and financial control, and other support services. The majority of the company's revenue comes from the Retail Banking Business.

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