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Bank of Maharashtra (BOM:532525) Effective Interest Rate on Debt % : 142.15% (As of Mar. 2024)


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What is Bank of Maharashtra 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. Bank of Maharashtra's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹115,284 Mil. Bank of Maharashtra's average total debt for the quarter that ended in Mar. 2024 was ₹81,099 Mil. Therefore, Bank of Maharashtra's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 142.15%.


Bank of Maharashtra Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank of Maharashtra'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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Bank of Maharashtra Effective Interest Rate on Debt % Chart

Bank of Maharashtra Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.23 171.16 111.38 85.78 107.47

Bank of Maharashtra 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 63.13 111.43 138.07 135.48 142.15

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

For the Banks - Regional subindustry, Bank of Maharashtra'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.


Bank of Maharashtra's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Bank of Maharashtra Effective Interest Rate on Debt % Calculation

Bank of Maharashtra's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -106718.277/( (109618.828+88983.351)/ 2 )
=-1  *  -106718.277/99301.0895
=107.47 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109618.828 + 0
=109618.828

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88983.351 + 0
=88983.351

Bank of Maharashtra'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  *  -115283.508/( (73214.8+88983.351)/ 2 )
=-1  *  -115283.508/81099.0755
=142.15 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=73214.8 + 0
=73214.8

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88983.351 + 0
=88983.351

* 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.


Bank of Maharashtra  (BOM:532525) Effective Interest Rate on Debt % Explanation

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


Bank of Maharashtra Effective Interest Rate on Debt % Related Terms

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Bank of Maharashtra (BOM:532525) Business Description

Industry
Traded in Other Exchanges
Address
Lokmangal, 1501, Shivaji Nagar, Pune, MH, IND, 411005
Bank of Maharashtra is an Indian banking corporation. The bank provides various deposit schemes such as saving account, current account, term deposit, and capital gain accounts. It also provides credit facilities such as term loans, overdrafts, letters of credit, guarantees, and other credit facilities. The bank organizes its business in four segments namely Treasury; Corporate/Wholesale banking; Retail banking; and Other banking operations. Its Treasury segments include investment, balances with banks outside India, interest accrued on investments; corporate banking segment include all advances to trusts, partnership firms, companies, and statutory bodies; retail banking include exposure to the individuals and small business. The bank principally generates revenue within India.

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