Allied Bank (KAR:ABL) Effective Interest Rate on Debt % : 629.40% (As of Jun. 2024)

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What is Allied 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. Allied Bank's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₨274,861 Mil. Allied Bank's average total debt for the quarter that ended in Jun. 2024 was ₨43,671 Mil. Therefore, Allied Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 629.40%.

Allied Bank Effective Interest Rate on Debt % Historical Data

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

Allied Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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287.92

240.20

229.75

351.03

656.70

Allied Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1,200.62	1,225.79	834.43	547.73	629.40

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

For the Banks - Regional subindustry, Allied 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.

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

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

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

Allied Bank Effective Interest Rate on Debt % Calculation

Allied 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 * -244096.459	/	( (38892.825	+	35447.517)	/ 2 )
=	-1 * -244096.459	/	37170.171
=	656.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38892.825	+	0
=	38892.825

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35447.517	+	0
=	35447.517

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -274860.844	/	( (59748.257	+	27592.876)	/ 2 )
=	-1 * -274860.844	/	43670.5665
=	629.40 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59748.257	+	0
=	59748.257

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27592.876	+	0
=	27592.876

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

Allied Bank (KAR:ABL) Effective Interest Rate on Debt % Explanation

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

Allied Bank Effective Interest Rate on Debt % Related Terms

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Allied Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Allied Bank Ltd (KAR:ABL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3 Tipu Block, New Garden Town, Main Boulevard, Lahore, PB, PAK, 54000

Website

https://www.abl.com

Allied Bank Ltd is a scheduled bank engaged in providing commercial banking and related services. It offers financial products and services to medium and large-sized public and private sector entities and overseas including corporate advisory, underwriting, cash management, trade products, corporate finance products, arranging tenured financing and customer service. It also provides for treasury and money market activities; providing retail banking services to consumers, small and medium enterprises; loans and deposits to commercial and retail customers. The bank's segments are Corporate and Investment Banking; Trading and Sales; Commercial and retail banking; Islamic banking; Asset management company and Others. Majority of revenue is derived from Commercial and Retail Banking segment.