Suez Canal Bank (CAI:CANA) Effective Interest Rate on Debt % : 1,628.79% (As of Mar. 2024)

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What is Suez Canal 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. Suez Canal Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was E£8,495 Mil. Suez Canal Bank's average total debt for the quarter that ended in Mar. 2024 was E£522 Mil. Therefore, Suez Canal Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1,628.79%.

Suez Canal Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Suez Canal 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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Suez Canal Bank Effective Interest Rate on Debt % Chart

Suez Canal Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4,824.93

1,163.78

1,392.49

1,104.66

1,121.63

Suez Canal Bank 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															868.03	961.64	1,158.31	1,465.06	1,628.79

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

For the Banks - Regional subindustry, Suez Canal 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.

Suez Canal Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Suez Canal Bank Effective Interest Rate on Debt % Calculation

Suez Canal 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 * -6639.63	/	( (660.855	+	523.075)	/ 2 )
=	-1 * -6639.63	/	591.965
=	1,121.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	660.855	+	0
=	660.855

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	523.075	+	0
=	523.075

Suez Canal Bank'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 * -8494.732	/	( (523.075	+	520)	/ 2 )
=	-1 * -8494.732	/	521.5375
=	1,628.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	523.075	+	0
=	523.075

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	520	+	0
=	520

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.

Suez Canal Bank (CAI:CANA) Effective Interest Rate on Debt % Explanation

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

Suez Canal Bank Effective Interest Rate on Debt % Related Terms

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Suez Canal Bank (CAI:CANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suez Canal Bank (CAI:CANA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 & 9 Abd El-Kader Hamza Street, Garden City, Cairo, EGY

Website

https://www.scbank.com.eg

Suez Canal Bank provides retail, corporate, and investment banking services. The company offers personal banking products and services, including savings, current accounts; time deposits; certificates of deposit; debit and credit cards; and mutual funds. It also provides custodian services comprising bookkeeping services of stocks and bonds, execution of buy/sell orders on behalf of its customers, collecting due coupons on behalf of its customers, subscriptions for new issues, and pledge and freeze of securities. In addition, the company offers institutional banking services to corporate, and small and medium enterprises.

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