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Banco Nacional de Credito CA (CAR:BNC) Effective Interest Rate on Debt % : -7.94% (As of Dec. 2022)


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What is Banco Nacional de Credito CA 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 Nacional de Credito CA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was VES-83 Mil. Banco Nacional de Credito CA's average total debt for the quarter that ended in Dec. 2022 was VES1,046 Mil. Therefore, Banco Nacional de Credito CA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was -7.94%.


Banco Nacional de Credito CA Effective Interest Rate on Debt % Historical Data

The historical data trend for Banco Nacional de Credito CA'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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Banco Nacional de Credito CA Effective Interest Rate on Debt % Chart

Banco Nacional de Credito CA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.83 23.13 290.72 104.49 98.47

Banco Nacional de Credito CA Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Dec23
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 868.59 352.96 67.36 -7.94 -

Competitive Comparison of Banco Nacional de Credito CA's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banco Nacional de Credito CA'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 Nacional de Credito CA's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Banco Nacional de Credito CA's Effective Interest Rate on Debt % falls into.



Banco Nacional de Credito CA Effective Interest Rate on Debt % Calculation

Banco Nacional de Credito CA'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  *  -855.26/( (356.649+1380.501)/ 2 )
=-1  *  -855.26/868.575
=98.47 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.649 + 0
=356.649

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1380.501 + 0
=1380.501

Banco Nacional de Credito CA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  83.022/( (1734.64+356.649)/ 2 )
=-1  *  83.022/1045.6445
=-7.94 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1734.64 + 0
=1734.64

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.649 + 0
=356.649

* 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 two times the semi-annual (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Banco Nacional de Credito CA  (CAR:BNC) Effective Interest Rate on Debt % Explanation

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


Banco Nacional de Credito CA Effective Interest Rate on Debt % Related Terms

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Banco Nacional de Credito CA (CAR:BNC) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Vollmer, Torre Sur del Centro Empresarial Caracas, Urbanizacion, San Bernardino, VEN, 1010
Banco Nacional de Credito CA operates as a commercial bank in Venezuela. The group's business objective is to provide financial intermediation which consists of the procurement of funds for the purpose of granting credits and it also invests in securities.

Banco Nacional de Credito CA (CAR:BNC) Headlines

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