Sanasa Development Bank (COL:SDB.N0000) Effective Interest Rate on Debt % : 47.10% (As of Sep. 2024)

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What is Sanasa Development 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. Sanasa Development Bank's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was රු10,477 Mil. Sanasa Development Bank's average total debt for the quarter that ended in Sep. 2024 was රු22,243 Mil. Therefore, Sanasa Development Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 47.10%.

Sanasa Development Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Sanasa Development 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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Sanasa Development Bank Effective Interest Rate on Debt % Chart

Sanasa Development Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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40.35

37.45

26.05

43.90

63.02

Sanasa Development Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															66.35	56.69	54.59	53.18	47.10

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

For the Banks - Regional subindustry, Sanasa Development 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.

Sanasa Development Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Sanasa Development Bank Effective Interest Rate on Debt % Calculation

Sanasa Development 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 * -21402.708	/	( (36264.954	+	31656.814)	/ 2 )
=	-1 * -21402.708	/	33960.884
=	63.02 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36264.954	+	0
=	36264.954

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31656.814	+	0
=	31656.814

Sanasa Development Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -10476.62	/	( (22865.851	+	21619.484)	/ 2 )
=	-1 * -10476.62	/	22242.6675
=	47.10 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22865.851	+	0
=	22865.851

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21619.484	+	0
=	21619.484

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

Sanasa Development Bank (COL:SDB.N0000) Effective Interest Rate on Debt % Explanation

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

Sanasa Development Bank Effective Interest Rate on Debt % Related Terms

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Sanasa Development Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sanasa Development Bank PLC (COL:SDB.N0000) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 12, Edmonton Road, Kirulapone, Colombo, LKA, 06

Website

https://www.sdb.lk

Sanasa Development Bank PLC provides banking services. Its main activities include accepting deposits, special deposits, credit pawning, leasing and refinance loan schemes. The company operates in the business segments of Banking, Leasing, Treasury, and Pawning. The banking segment which derives key revenue, includes banking activities relating to individual customers' deposits and consumer financing, equipment financing, and home and property financing.

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