Banco De Chile (Banco De Chile) Effective Interest Rate on Debt % : 14.68% (As of Dec. 2023)

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What is Banco De Chile 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. Banco De Chile's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,739 Mil. Banco De Chile's average total debt for the quarter that ended in Dec. 2023 was $11,843 Mil. Therefore, Banco De Chile's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.68%.

Banco De Chile Effective Interest Rate on Debt % Historical Data

The historical data trend for Banco De Chile'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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Banco De Chile Effective Interest Rate on Debt % Chart

Banco De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.37

5.72

8.07

22.47

15.60

Banco De Chile 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															62.96	16.15	16.28	15.22	14.68

Competitive Comparison of Banco De Chile's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banco De Chile'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.

Banco De Chile's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Banco De Chile's Effective Interest Rate on Debt % falls into.

Banco De Chile Effective Interest Rate on Debt % Calculation

Banco De Chile'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 * -1872.625	/	( (12002.712	+	11998.029)	/ 2 )
=	-1 * -1872.625	/	12000.3705
=	15.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12002.712	+	0
=	12002.712

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11998.029	+	0
=	11998.029

Banco De Chile'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 * -1738.976	/	( (11687.808	+	11998.029)	/ 2 )
=	-1 * -1738.976	/	11842.9185
=	14.68 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11687.808	+	0
=	11687.808

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11998.029	+	0
=	11998.029

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.

Banco De Chile (NYSE:BCH) Effective Interest Rate on Debt % Explanation

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

Banco De Chile Effective Interest Rate on Debt % Related Terms

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Banco De Chile (Banco De Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco De Chile (NYSE:BCH) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

G4RA:Germany CHILE:Chile

Address

Paseo Ahumada 251, Santiago, CHL

Website

https://www.bancochile.cl

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.