Banco Itau Chile (Banco Itau Chile) Effective Interest Rate on Debt % : 17.64% (As of Sep. 2023)

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What is Banco Itau 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 Itau Chile's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $2,120 Mil. Banco Itau Chile's average total debt for the quarter that ended in Sep. 2023 was $12,020 Mil. Therefore, Banco Itau Chile's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.64%.

Banco Itau Chile Effective Interest Rate on Debt % Historical Data

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

Banco Itau Chile Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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9.69

9.61

7.46

6.92

18.63

Banco Itau Chile Quarterly Data
	Mar14	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.21	56.14	16.69	23.81	17.64

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

For the Banks - Regional subindustry, Banco Itau 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 Itau Chile's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Banco Itau Chile Effective Interest Rate on Debt % Calculation

Banco Itau Chile's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2410	/	( (12336.158	+	13529.576)	/ 2 )
=	-1 * -2410	/	12932.867
=	18.63 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12336.158	+	0
=	12336.158

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13529.576	+	0
=	13529.576

Banco Itau Chile's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -2119.916	/	( (12687.255	+	11352.029)	/ 2 )
=	-1 * -2119.916	/	12019.642
=	17.64 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12666.887	+	20.368
=	12687.255

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11335.44	+	16.589
=	11352.029

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Banco Itau Chile (OTCPK:ITCLY) Effective Interest Rate on Debt % Explanation

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

Banco Itau Chile Effective Interest Rate on Debt % Related Terms

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Banco Itau Chile (Banco Itau Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

D8S:Germany ITAUCL:Chile

Address

Presidente Riesco 5537, Las Condes, Santiago, CHL

Website

https://www.itau.cl

Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.