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Rural Microfinance Development Centre (XNEP:RMDC) Effective Interest Rate on Debt % : 441.56% (As of Apr. 2023)


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What is Rural Microfinance Development Centre 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. Rural Microfinance Development Centre's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was NPR1,012.8 Mil. Rural Microfinance Development Centre's average total debt for the quarter that ended in Apr. 2023 was NPR229.4 Mil. Therefore, Rural Microfinance Development Centre's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 441.56%.


Rural Microfinance Development Centre Effective Interest Rate on Debt % Historical Data

The historical data trend for Rural Microfinance Development Centre'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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Rural Microfinance Development Centre Effective Interest Rate on Debt % Chart

Rural Microfinance Development Centre Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.77 8.98 9.34 4.80 8.48

Rural Microfinance Development Centre Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23
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 293.12 21.27 21.49 394.80 441.56

Competitive Comparison of Rural Microfinance Development Centre's Effective Interest Rate on Debt %

For the Credit Services subindustry, Rural Microfinance Development Centre'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.


Rural Microfinance Development Centre's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Rural Microfinance Development Centre's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Rural Microfinance Development Centre's Effective Interest Rate on Debt % falls into.



Rural Microfinance Development Centre Effective Interest Rate on Debt % Calculation

Rural Microfinance Development Centre's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2021 )+Total Debt  (A: Jul. 2022 ))/ count )
=-1  *  -769.385/( (9372.339+8763.478)/ 2 )
=-1  *  -769.385/9067.9085
=8.48 %

where

Total Debt  (A: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9372.339 + 0
=9372.339

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8763.478 + 0
=8763.478

Rural Microfinance Development Centre's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2023 )+Total Debt  (Q: Apr. 2023 ))/ count )
=-1  *  -1012.752/( (229.358+229.358)/ 2 )
=-1  *  -1012.752/229.358
=441.56 %

where

Total Debt  (Q: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=229.358 + 0
=229.358

Total Debt  (Q: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=229.358 + 0
=229.358

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


Rural Microfinance Development Centre  (XNEP:RMDC) Effective Interest Rate on Debt % Explanation

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


Rural Microfinance Development Centre Effective Interest Rate on Debt % Related Terms

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Rural Microfinance Development Centre (XNEP:RMDC) Business Description

Traded in Other Exchanges
N/A
Address
Putalisadak, P.O.Box: 20789, Kathmandu, NPL
Rural Microfinance Development Centre Ltd offers wholesale lending to microfinance institutions. Besides, it has been extending institutional capacity building supports to microfinance institutions. The company's completed projects include Rural Microfinance Project and Community Livestock Development Project (CLDP). Its ongoing include Community Irrigation Project and YUWAccess Project.

Rural Microfinance Development Centre (XNEP:RMDC) Headlines

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