ICICI Bank (ICICI Bank) Effective Interest Rate on Debt % : 39.70% (As of Dec. 2023)

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What is ICICI 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. ICICI Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $9,325 Mil. ICICI Bank's average total debt for the quarter that ended in Dec. 2023 was $23,488 Mil. Therefore, ICICI Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 39.70%.

ICICI Bank Effective Interest Rate on Debt % Historical Data

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

ICICI Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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18.12

21.43

25.46

26.97

28.50

ICICI 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															27.34	30.85	35.74	38.25	39.70

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

For the Banks - Regional subindustry, ICICI 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.

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

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

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

ICICI Bank Effective Interest Rate on Debt % Calculation

ICICI 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 * -6143.86	/	( (20803.656	+	22306.703)	/ 2 )
=	-1 * -6143.86	/	21555.1795
=	28.50 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19617.758	+	1185.898
=	20803.656

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21115.175	+	1191.528
=	22306.703

ICICI 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 * -9325.084	/	( (22837.341	+	24139.013)	/ 2 )
=	-1 * -9325.084	/	23488.177
=	39.70 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22837.341	+	0
=	22837.341

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24139.013	+	0
=	24139.013

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.

ICICI Bank (NYSE:IBN) Effective Interest Rate on Debt % Explanation

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

ICICI Bank Effective Interest Rate on Debt % Related Terms

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ICICI Bank (ICICI Bank) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ICICIBANK:India 532174:India ICBA:Germany ICBA:Germany I1BN34:Brazil IBN:Argentina

Address

ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051

Website

https://www.icicibank.com

ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Businesses. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs.