Israel Discount Bank (XTAE:DSCT) Effective Interest Rate on Debt % : 65.80% (As of Dec. 2023)

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What is Israel Discount 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. Israel Discount Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₪10,832 Mil. Israel Discount Bank's average total debt for the quarter that ended in Dec. 2023 was ₪16,462 Mil. Therefore, Israel Discount Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 65.80%.

Israel Discount Bank Effective Interest Rate on Debt % Historical Data

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

Israel Discount Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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15.50

9.03

7.17

20.45

64.60

Israel Discount 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															41.09	54.50	60.81	66.41	65.80

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

For the Banks - Regional subindustry, Israel Discount 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.

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

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

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

Israel Discount Bank Effective Interest Rate on Debt % Calculation

Israel Discount Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -9776	/	( (13569	+	16699)	/ 2 )
=	-1 * -9776	/	15134
=	64.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13569	+	0
=	13569

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16699	+	0
=	16699

Israel Discount 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 * -10832	/	( (16225	+	16699)	/ 2 )
=	-1 * -10832	/	16462
=	65.80 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16225	+	0
=	16225

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16699	+	0
=	16699

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.

Israel Discount Bank (XTAE:DSCT) Effective Interest Rate on Debt % Explanation

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

Israel Discount Bank Effective Interest Rate on Debt % Related Terms

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Israel Discount Bank (XTAE:DSCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Israel Discount Bank Ltd (XTAE:DSCT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ISDAY:USA

Address

23 Yehuda Halevi Street, Tel Aviv, ISR, 65136

Website

https://www.discountbank.net

Israel Discount Bank Ltd and its subsidiaries engage in banking and financial services. The bank is headquartered in Israel and earns the majority of revenue domestically. The bank operates through several segments, organized by customer type. The household division, offers current account services, lending, deposits, credit cards, mortgages, personal loans, and other services to individual customers. The next segment by revenue is the small-business division, which offers business financing, loans, leasing services, foreign currency transactions, and professional services to its business clients.

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