KB Financial Group (KB Financial Group) Effective Interest Rate on Debt % : 13.19% (As of Sep. 2023)

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What is KB Financial Group 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. KB Financial Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $12,968 Mil. KB Financial Group's average total debt for the quarter that ended in Sep. 2023 was $98,324 Mil. Therefore, KB Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 13.19%.

KB Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for KB Financial Group'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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KB Financial Group Effective Interest Rate on Debt % Chart

KB Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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6.99

7.27

6.00

3.96

6.55

KB Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.66	5.73	13.51	13.95	13.19

Competitive Comparison of KB Financial Group's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, KB Financial Group'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.

KB Financial Group's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where KB Financial Group's Effective Interest Rate on Debt % falls into.

KB Financial Group Effective Interest Rate on Debt % Calculation

KB Financial Group'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 * -5933.677	/	( (87396.351	+	93770.451)	/ 2 )
=	-1 * -5933.677	/	90583.401
=	6.55 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	87396.351	+	0
=	87396.351

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93770.451	+	0
=	93770.451

KB Financial Group'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 * -12968.492	/	( (92496.45	+	104150.628)	/ 2 )
=	-1 * -12968.492	/	98323.539
=	13.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92496.45	+	0
=	92496.45

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104150.628	+	0
=	104150.628

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.

KB Financial Group (NYSE:KB) Effective Interest Rate on Debt % Explanation

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

KB Financial Group Effective Interest Rate on Debt % Related Terms

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KB Financial Group (KB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

105560:Korea KBIA:Germany KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.