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Turkiye Kalkinma Bankasi AS (IST:KLNMA) Effective Interest Rate on Debt % : 12.59% (As of Dec. 2023)


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What is Turkiye Kalkinma Bankasi AS 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. Turkiye Kalkinma Bankasi AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺12,222 Mil. Turkiye Kalkinma Bankasi AS's average total debt for the quarter that ended in Dec. 2023 was ₺97,105 Mil. Therefore, Turkiye Kalkinma Bankasi AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.59%.


Turkiye Kalkinma Bankasi AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Turkiye Kalkinma Bankasi AS'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.

* Premium members only.

Turkiye Kalkinma Bankasi AS Effective Interest Rate on Debt % Chart

Turkiye Kalkinma Bankasi AS 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 2.77 2.39 2.64 6.21 9.95

Turkiye Kalkinma Bankasi AS 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 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 7.18 7.62 8.91 9.50 12.59

Competitive Comparison of Turkiye Kalkinma Bankasi AS's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Turkiye Kalkinma Bankasi AS'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.


Turkiye Kalkinma Bankasi AS's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Turkiye Kalkinma Bankasi AS's Effective Interest Rate on Debt % falls into.



Turkiye Kalkinma Bankasi AS Effective Interest Rate on Debt % Calculation

Turkiye Kalkinma Bankasi AS'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  *  -8653.879/( (71892.442+102125.983)/ 2 )
=-1  *  -8653.879/87009.2125
=9.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=71892.442 + 0
=71892.442

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102125.983 + 0
=102125.983

Turkiye Kalkinma Bankasi AS'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  *  -12221.756/( (92083.547+102125.983)/ 2 )
=-1  *  -12221.756/97104.765
=12.59 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92083.547 + 0
=92083.547

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=102125.983 + 0
=102125.983

* 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.


Turkiye Kalkinma Bankasi AS  (IST:KLNMA) Effective Interest Rate on Debt % Explanation

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


Turkiye Kalkinma Bankasi AS Effective Interest Rate on Debt % Related Terms

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Turkiye Kalkinma Bankasi AS (IST:KLNMA) Business Description

Traded in Other Exchanges
N/A
Address
Necatibey Caddesi No. 98, Kizilay, Ankara, TUR, 06100
Turkiye Kalkinma Bankasi AS is a Turkish banking service provider, which specializes in investment banking and financing activities primarily to the industrial, tourism and energy sectors. Under the investment banking division, the company provides places activities such as investment services, which cover treasury bills, repo, Kalkinma funds, money transfer, and apex banking activities. It also conducts certain activities under financing services such as Kalkinma working capital loan, World bank renewable energy and energy efficiency loan, European investment bank small and medium enterprises (SME) development loan, Islamic development bank investment loan and world bank SME-II Apex loan.

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