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Sumitomo Mitsui Financial Group (NGO:8316) Effective Interest Rate on Debt % : 13.82% (As of Dec. 2023)


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What is Sumitomo Mitsui 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. Sumitomo Mitsui Financial Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円4,466,444 Mil. Sumitomo Mitsui Financial Group's average total debt for the quarter that ended in Dec. 2023 was 円32,325,659 Mil. Therefore, Sumitomo Mitsui Financial Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.82%.


Sumitomo Mitsui Financial Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Sumitomo Mitsui 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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Sumitomo Mitsui Financial Group Effective Interest Rate on Debt % Chart

Sumitomo Mitsui Financial Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.79 4.41 1.72 1.22 6.70

Sumitomo Mitsui Financial Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.22 11.76 13.29 13.51 13.82

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

For the Banks - Diversified subindustry, Sumitomo Mitsui 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.


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

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

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



Sumitomo Mitsui Financial Group Effective Interest Rate on Debt % Calculation

Sumitomo Mitsui Financial Group'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  *  -2061922/( (32124462+29382844)/ 2 )
=-1  *  -2061922/30753653
=6.70 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29128097 + 2996365
=32124462

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24463833 + 4919011
=29382844

Sumitomo Mitsui Financial Group'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  *  -4466444/( (31675077+32976241)/ 2 )
=-1  *  -4466444/32325659
=13.82 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27419708 + 4255369
=31675077

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28185370 + 4790871
=32976241

* 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.

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.


Sumitomo Mitsui Financial Group  (NGO:8316) Effective Interest Rate on Debt % Explanation

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


Sumitomo Mitsui Financial Group Effective Interest Rate on Debt % Related Terms

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Sumitomo Mitsui Financial Group (NGO:8316) Business Description

Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

Sumitomo Mitsui Financial Group (NGO:8316) Headlines

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