Atlas Mara (Atlas Mara) Effective Interest Rate on Debt % : 15.39% (As of Jun. 2020)

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What is Atlas Mara 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. Atlas Mara's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was $60.34 Mil. Atlas Mara's average total debt for the quarter that ended in Jun. 2020 was $392.07 Mil. Therefore, Atlas Mara's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 15.39%.

Atlas Mara Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas Mara'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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Atlas Mara Effective Interest Rate on Debt % Chart

Atlas Mara Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

46.15

38.35

36.25

15.79

Atlas Mara Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	31.09	14.37	18.36	15.39

Competitive Comparison of Atlas Mara's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Atlas Mara'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.

Atlas Mara's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Atlas Mara Effective Interest Rate on Debt % Calculation

Atlas Mara's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -59.715	/	( (346.153	+	410.157)	/ 2 )
=	-1 * -59.715	/	378.155
=	15.79 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	346.153	+	0
=	346.153

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	410.157	+	0
=	410.157

Atlas Mara's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2019 )	+	Total Debt (Q: Jun. 2020 ))	/ count )
=	-1 * -60.338	/	( (373.479	+	410.666)	/ 2 )
=	-1 * -60.338	/	392.0725
=	15.39 %

where

	Total Debt (Q: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	373.479	+	0
=	373.479

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	410.666	+	0
=	410.666

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 two times the semi-annual (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Atlas Mara (OTCPK:AAMAF) Effective Interest Rate on Debt % Explanation

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

Atlas Mara Effective Interest Rate on Debt % Related Terms

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Atlas Mara (Atlas Mara) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Atlas Mara Ltd (OTCPK:AAMAF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Ritter House, 6th Floor, Wickhams Cay II, PO Box 4041, Tortola, Road Town, VGB, VG1110

Website

https://www.atlasmara.com

Atlas Mara Ltd is a London-listed financial services group engaged in banking operations. It provides corporate and retail financial services to corporations, small-and-medium-sized enterprises and individuals. Its segments include Nigeria; Botswana; and Zimbabwe. The bank generates most of the revenue from Botswana segment.