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Chongqing Rural Commercial Bank Co (HKSE:03618) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Chongqing Rural Commercial Bank Co 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. Chongqing Rural Commercial Bank Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0 Mil. Chongqing Rural Commercial Bank Co's average total debt for the quarter that ended in Dec. 2023 was HK$144,624 Mil. Therefore, Chongqing Rural Commercial Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Chongqing Rural Commercial Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Chongqing Rural Commercial Bank Co'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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Chongqing Rural Commercial Bank Co Effective Interest Rate on Debt % Chart

Chongqing Rural Commercial Bank Co 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 13.01 12.93 12.98 12.34 17.84

Chongqing Rural Commercial Bank Co Quarterly Data
Dec17 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
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 14.48 - 18.19 - 21.08

Competitive Comparison of Chongqing Rural Commercial Bank Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Chongqing Rural Commercial Bank Co'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.


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

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

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



Chongqing Rural Commercial Bank Co Effective Interest Rate on Debt % Calculation

Chongqing Rural Commercial Bank Co'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  *  -28869.15/( (191770.975+131931.995)/ 2 )
=-1  *  -28869.15/161851.485
=17.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=191770.975 + 0
=191770.975

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=131931.995 + 0
=131931.995

Chongqing Rural Commercial Bank Co'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  *  0/( (157316.144+131931.995)/ 2 )
=-1  *  0/144624.0695
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=157316.144 + 0
=157316.144

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=131931.995 + 0
=131931.995

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


Chongqing Rural Commercial Bank Co  (HKSE:03618) Effective Interest Rate on Debt % Explanation

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


Chongqing Rural Commercial Bank Co Effective Interest Rate on Debt % Related Terms

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Chongqing Rural Commercial Bank Co (HKSE:03618) Business Description

Traded in Other Exchanges
Address
1 Matheson Street, 31th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG
Chongqing Rural Commercial Bank Co Ltd provides a range of banking and related services in China. The company operates in three segments: Corporate banking, which includes corporate loans, trade financing, deposit takings, financial leasing, and other services; Personal banking segment includes personal loans, deposit products, card business, personal wealth management services, and other services; and Financial market operations, which conducts money market or repurchase transactions and debt instruments investment. Its geographical segments are County and Urban.
Executives
Shang Hai Yu Yuan Lv You Shang Cheng Ji Tuan Gu Fen You Xian Gong Si
Fosun International Holdings Ltd. 2201 Interest of corporation controlled by you
Fosun International Limited 2201 Interest of corporation controlled by you
Guo Guangchang 2201 Interest of corporation controlled by you
Blackrock Global Funds 2101 Beneficial owner
Fosun Holdings Limited 2201 Interest of corporation controlled by you

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