Firstrand (Firstrand) Effective Interest Rate on Debt % : 94.71% (As of Dec. 2023)

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What is Firstrand 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. Firstrand's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6,198 Mil. Firstrand's average total debt for the quarter that ended in Dec. 2023 was $6,544 Mil. Therefore, Firstrand's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 94.71%.

Firstrand Effective Interest Rate on Debt % Historical Data

The historical data trend for Firstrand'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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Firstrand Effective Interest Rate on Debt % Chart

Firstrand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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25.45

21.94

23.14

20.81

35.86

Firstrand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															32.51	44.67	59.35	77.23	94.71

Competitive Comparison of Firstrand's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Firstrand Effective Interest Rate on Debt % Calculation

Firstrand's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -4523.388	/	( (13088.198	+	12140.594)	/ 2 )
=	-1 * -4523.388	/	12614.396
=	35.86 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13088.198	+	0
=	13088.198

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12140.594	+	0
=	12140.594

Firstrand's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -6197.672	/	( (12140.594	+	947.63)	/ 2 )
=	-1 * -6197.672	/	6544.112
=	94.71 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12140.594	+	0
=	12140.594

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	947.63	+	0
=	947.63

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Firstrand (OTCPK:FANDY) Effective Interest Rate on Debt % Explanation

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

Firstrand Effective Interest Rate on Debt % Related Terms

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Firstrand (Firstrand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (OTCPK:FANDY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FSR:South Africa FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

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