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Bank of Qingdao Co (HKSE:03866) Effective Interest Rate on Debt % : 13.71% (As of Mar. 2024)


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What is Bank of Qingdao Co 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 Qingdao Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was HK$13,598 Mil. Bank of Qingdao Co's average total debt for the quarter that ended in Mar. 2024 was HK$99,221 Mil. Therefore, Bank of Qingdao Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.71%.

Bank of Qingdao Co Effective Interest Rate on Debt % Historical Data

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

Bank of Qingdao Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.66 12.37 12.91 13.04 14.22

Bank of Qingdao Co Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 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 15.09 15.30 15.25 14.48 13.71

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

For the Banks - Regional subindustry, Bank of Qingdao Co'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 Qingdao Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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


Bank of Qingdao Co Effective Interest Rate on Debt % Calculation

Bank of Qingdao Co'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  *  -12970.099/( (84180.182+98248.492)/ 2 )
=-1  *  -12970.099/91214.337
=14.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84180.182 + 0
=84180.182

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=98248.492 + 0
=98248.492

Bank of Qingdao Co'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  *  -13598.328/( (98248.492+100193.285)/ 2 )
=-1  *  -13598.328/99220.8885
=13.71 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=98248.492 + 0
=98248.492

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=100193.285 + 0
=100193.285

* 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 Qingdao Co  (HKSE:03866) 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 Qingdao Co Effective Interest Rate on Debt % Related Terms

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Bank of Qingdao Co (HKSE:03866) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Qingdao Co Ltd (HKSE:03866) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
HKSE:09677 HKSE:02066 HKSE:06196 HKSE:06190 HKSE:01963 HKSE:09668 HKSE:01216 HKSE:01551 HKSE:01578 HKSE:06122 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
4BQ:Germany 002948:China
Address
No. 6 Qinling Road, Building 3, Laoshan District, Shandong Province, Qingdao, CHN, 266061
Website
https://www.qdccb.com
Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardized debt investments, and others. It generates most of its revenue from the corporate business segment.
Executives
Qing Dao Guo Xin Jin Rong Kong Gu You Xian Gong Si 2101 Beneficial owner
Guo Xin Zheng Quan Gu Fen You Xian Gong Si Dai Guo Xin Zheng Quan Hui Cheng Hao Dan Yi Zi Chan Guan
Ji Nan Xian Xing Tou Zi Ji Tuan You Xian Ze Ren Gong Si 2101 Beneficial owner
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Guangzhou Rural Commercial Bank Co., Ltd. 2106 Person having a security interest in shares

Bank of Qingdao Co (HKSE:03866) Headlines

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