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Bank of Chengdu Co (SHSE:601838) Effective Interest Rate on Debt % : 15.17% (As of Mar. 2024)


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What is Bank of Chengdu 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. Bank of Chengdu Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ¥24,137 Mil. Bank of Chengdu Co's average total debt for the quarter that ended in Mar. 2024 was ¥159,094 Mil. Therefore, Bank of Chengdu Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.17%.


Bank of Chengdu Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank of Chengdu 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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Bank of Chengdu Co Effective Interest Rate on Debt % Chart

Bank of Chengdu 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 13.03 13.83 15.57 15.09 14.99

Bank of Chengdu Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 13.89 13.92 13.82 14.99 15.17

Competitive Comparison of Bank of Chengdu Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bank of Chengdu 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.


Bank of Chengdu Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Bank of Chengdu Co Effective Interest Rate on Debt % Calculation

Bank of Chengdu 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  *  -21634.346/( (141292.413+147444.806)/ 2 )
=-1  *  -21634.346/144368.6095
=14.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=141292.413 + 0
=141292.413

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=147444.806 + 0
=147444.806

Bank of Chengdu Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -24136.692/( (147444.806+170743.137)/ 2 )
=-1  *  -24136.692/159093.9715
=15.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=147444.806 + 0
=147444.806

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=170743.137 + 0
=170743.137

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Bank of Chengdu Co  (SHSE:601838) Effective Interest Rate on Debt % Explanation

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


Bank of Chengdu Co Effective Interest Rate on Debt % Related Terms

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Bank of Chengdu Co (SHSE:601838) Business Description

Traded in Other Exchanges
N/A
Address
No.16 Xiyu Street, Sichuan, Chengdu, CHN
Bank of Chengdu Co Ltd is a state-owned commercial bank. Its principal businesses include business loans, fixed assets loans, bank acceptance bills, direct discounts on bank acceptance bills, guarantees, real estate development loans and legal person account overdrafts among other services. The bank provides its services in China.
Executives
He Wei Zhong Director
Cai Bing senior management
Zhang Peng Supervisors
Zheng Jun senior management
Luo Jie senior management
Li Wan Rong senior management
Li Jin Ming senior management
Luo Zheng senior management
Wang Hui Director
Li Ai Lan Director
Yang Rong Director
Wei Xiao Ying senior management
Huang Jian Jun senior management

Bank of Chengdu Co (SHSE:601838) Headlines

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