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Banco Latinoamericano de Comercio Exterior (Banco Latinoamericano de Comercio Exterior) Effective Interest Rate on Debt % : 12.57% (As of Mar. 2024)


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What is Banco Latinoamericano de Comercio Exterior 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. Banco Latinoamericano de Comercio Exterior's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $522.7 Mil. Banco Latinoamericano de Comercio Exterior's average total debt for the quarter that ended in Mar. 2024 was $4,159.2 Mil. Therefore, Banco Latinoamericano de Comercio Exterior's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.57%.


Banco Latinoamericano de Comercio Exterior Effective Interest Rate on Debt % Historical Data

The historical data trend for Banco Latinoamericano de Comercio Exterior'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.

Banco Latinoamericano de Comercio Exterior Effective Interest Rate on Debt % Chart

Banco Latinoamericano de Comercio Exterior Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.93 3.46 2.04 4.76 10.14

Banco Latinoamericano de Comercio Exterior Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.64 10.46 11.99 12.17 12.57

Competitive Comparison of Banco Latinoamericano de Comercio Exterior's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banco Latinoamericano de Comercio Exterior'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.


Banco Latinoamericano de Comercio Exterior's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Latinoamericano de Comercio Exterior's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Banco Latinoamericano de Comercio Exterior's Effective Interest Rate on Debt % falls into.



Banco Latinoamericano de Comercio Exterior Effective Interest Rate on Debt % Calculation

Banco Latinoamericano de Comercio Exterior'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  *  -446.077/( (4433.256+4368.695)/ 2 )
=-1  *  -446.077/4400.9755
=10.14 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2238.066 + 2195.19
=4433.256

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2642.947 + 1725.748
=4368.695

Banco Latinoamericano de Comercio Exterior's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -522.748/( (4368.695+3949.737)/ 2 )
=-1  *  -522.748/4159.216
=12.57 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2642.947 + 1725.748
=4368.695

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3949.737 + 0
=3949.737

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Banco Latinoamericano de Comercio Exterior  (NYSE:BLX) Effective Interest Rate on Debt % Explanation

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


Banco Latinoamericano de Comercio Exterior Effective Interest Rate on Debt % Related Terms

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Banco Latinoamericano de Comercio Exterior (Banco Latinoamericano de Comercio Exterior) Business Description

Traded in Other Exchanges
Address
Avenida La Rotonda, P.O. Box 0819-08730, Torre V, Business Park, Urb. Costa del Este, Panama, PAN
Banco Latinoamericano de Comercio Exterior SA provides financial solutions to financial institutions, companies and investors doing business in Latin America, supporting trade and regional integration across the region. The Bank provides foreign trade solutions to a select client base of premier Latin-American financial institutions and corporations and has developed a network of correspondent banking institutions with access to the international capital markets. It has two business segments the Commercial Business Segment and the Treasury Business Segment.