HDFC Bank (HDFC Bank) Effective Interest Rate on Debt % : 30.68% (As of Dec. 2023)

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What is HDFC 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. HDFC Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $20,776 Mil. HDFC Bank's average total debt for the quarter that ended in Dec. 2023 was $67,730 Mil. Therefore, HDFC Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 30.68%.

HDFC Bank Effective Interest Rate on Debt % Historical Data

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

HDFC Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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30.29

37.58

40.57

31.25

27.68

HDFC Bank Quarterly Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	33.35	27.61	30.68

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

For the Banks - Regional subindustry, HDFC 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.

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

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

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

HDFC Bank Effective Interest Rate on Debt % Calculation

HDFC Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -9427.145	/	( (28699.967	+	39408.42)	/ 2 )
=	-1 * -9427.145	/	34054.1935
=	27.68 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21426.434	+	7273.533
=	28699.967

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26160.044	+	13248.376
=	39408.42

HDFC 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: Mar. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -20776.116	/	( (39408.42	+	96050.622)	/ 2 )
=	-1 * -20776.116	/	67729.521
=	30.68 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26160.044	+	13248.376
=	39408.42

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96050.622	+	0
=	96050.622

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.

HDFC Bank (NYSE:HDB) Effective Interest Rate on Debt % Explanation

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

HDFC Bank Effective Interest Rate on Debt % Related Terms

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HDFC Bank (HDFC Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HDFC Bank Ltd (NYSE:HDB) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

HDB:Mexico HDFCBANK:India 500180:India HDFA:Germany HDFA:Germany H1DB34:Brazil HDB:Argentina

Address

Senapati Bapat Marg, HDFC Bank House, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.hdfcbank.com

HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading.