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The Chiba Bank (TSE:8331) Effective Interest Rate on Debt %

: 2.50% (As of Dec. 2023)
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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. The Chiba Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円65,088 Mil. The Chiba Bank's average total debt for the quarter that ended in Dec. 2023 was 円2,604,548 Mil. Therefore, The Chiba Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.50%.


The Chiba Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for The Chiba 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.

* Premium members only.

The Chiba Bank 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 4.52 3.17 0.97 0.52 1.55

The Chiba 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 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 2.11 2.29 2.71 2.69 2.50

Competitive Comparison

For the Banks - Regional subindustry, The Chiba 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.


The Chiba Bank Effective Interest Rate on Debt % Distribution

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

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



The Chiba Bank Effective Interest Rate on Debt % Calculation

The Chiba 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  *  -33056/( (2130723+2141144)/ 2 )
=-1  *  -33056/2135933.5
=1.55 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2130723 + 0
=2130723

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2141144 + 0
=2141144

The Chiba 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  *  -65088/( (2577171+2631925)/ 2 )
=-1  *  -65088/2604548
=2.50 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2577171 + 0
=2577171

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2631925 + 0
=2631925

* 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.


The Chiba Bank  (TSE:8331) Effective Interest Rate on Debt % Explanation

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


The Chiba Bank Effective Interest Rate on Debt % Related Terms

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The Chiba Bank (TSE:8331) Business Description

Industry
Traded in Other Exchanges
Address
1-2 Chiba-Minato, Chuo-ku, Chiba-shi, Chiba, JPN, 260-8720
The Chiba Bank Ltd provides banking products and services in Japan. The bank accommodates the financial needs of individual customers in addition to regional small, medium size companies. The company generates revenue by offering corporate banking, retail banking, asset management consulting, and trust and inheritance-related business. Additionally, it investigates and researches advanced financial technologies to plan and develop the future of financial services. They have focused on using databases and online/mobile banking to strengthen their marketing. The bank primarily operates in Chiba Prefecture; however, it also has branches in New York, Hong Kong, and London and representative offices in Shanghai, Singapore, and Bangkok.

The Chiba Bank (TSE:8331) Headlines

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