Eastern Bank (DHA:EBL) Effective Interest Rate on Debt % : 25.08% (As of Dec. 2023)

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What is Eastern Bank 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. Eastern Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was BDT19,741 Mil. Eastern Bank's average total debt for the quarter that ended in Dec. 2023 was BDT78,705 Mil. Therefore, Eastern Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.08%.

Eastern Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Eastern Bank'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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Eastern Bank Effective Interest Rate on Debt % Chart

Eastern Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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29.86

27.74

15.19

17.85

23.83

Eastern Bank 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															20.12	21.28	22.17	24.25	25.08

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

For the Banks - Regional subindustry, Eastern Bank'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.

Eastern Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Eastern Bank Effective Interest Rate on Debt % Calculation

Eastern Bank'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 * -18687.432	/	( (79911.959	+	76935.928)	/ 2 )
=	-1 * -18687.432	/	78423.9435
=	23.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79911.959	+	0
=	79911.959

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76935.928	+	0
=	76935.928

Eastern Bank'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 * -19740.948	/	( (80473.122	+	76935.928)	/ 2 )
=	-1 * -19740.948	/	78704.525
=	25.08 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	80473.122	+	0
=	80473.122

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76935.928	+	0
=	76935.928

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.

Eastern Bank (DHA:EBL) Effective Interest Rate on Debt % Explanation

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

Eastern Bank Effective Interest Rate on Debt % Related Terms

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Eastern Bank (DHA:EBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bank Plc (DHA:EBL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

100 Gulshan Avenue, Gulshan, Dhaka, BGD, 1212

Website

https://www.ebl.com.bd

Eastern Bank Plc is a commercial bank. It provides a full range of real-time online banking services such as retail loan products, business loans, LC trade, deposits, through all Branches, ATMs and Internet Banking Channels. The reportable segments of the group are DBO (Domestic Banking Operation), OBO (Offshore Banking Operation), EBL Securities Limited (EBLSL), EBL Investments Limited (EBLIL), EBL Finance (HK) Limited and EBL Asset Management Limited (EBLAML).

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