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Banque Internationale Arabe de Tunisie (LSE:BIND) Effective Interest Rate on Debt % : 87.44% (As of Dec. 2023)


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What is Banque Internationale Arabe de Tunisie 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. Banque Internationale Arabe de Tunisie's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $226.5 Mil. Banque Internationale Arabe de Tunisie's average total debt for the quarter that ended in Dec. 2023 was $259.0 Mil. Therefore, Banque Internationale Arabe de Tunisie's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 87.44%.


Banque Internationale Arabe de Tunisie Effective Interest Rate on Debt % Historical Data

The historical data trend for Banque Internationale Arabe de Tunisie'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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Banque Internationale Arabe de Tunisie Effective Interest Rate on Debt % Chart

Banque Internationale Arabe de Tunisie 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 102.16 88.46 75.41 68.10 87.44

Banque Internationale Arabe de Tunisie Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.16 88.46 75.41 68.10 87.44

Competitive Comparison of Banque Internationale Arabe de Tunisie's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banque Internationale Arabe de Tunisie'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.


Banque Internationale Arabe de Tunisie's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Banque Internationale Arabe de Tunisie's Effective Interest Rate on Debt % falls into.



Banque Internationale Arabe de Tunisie Effective Interest Rate on Debt % Calculation

Banque Internationale Arabe de Tunisie'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  *  -226.456/( (302.489+215.472)/ 2 )
=-1  *  -226.456/258.9805
=87.44 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=302.489 + 0
=302.489

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=215.472 + 0
=215.472

Banque Internationale Arabe de Tunisie'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: Dec. 2022 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -226.456/( (302.489+215.472)/ 2 )
=-1  *  -226.456/258.9805
=87.44 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=302.489 + 0
=302.489

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=215.472 + 0
=215.472

* 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 one times the annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Banque Internationale Arabe de Tunisie  (LSE:BIND) Effective Interest Rate on Debt % Explanation

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


Banque Internationale Arabe de Tunisie Effective Interest Rate on Debt % Related Terms

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Banque Internationale Arabe de Tunisie (LSE:BIND) Business Description

Traded in Other Exchanges
Address
70-72 Avenue Habib Bourguiba, Tunis, TUN, 1000
Banque Internationale Arabe de Tunisie SA is a Tunisia-based banking services provider. The crux of its operations involves Retail Banking and Funding and Investment Banking Business which are also its operating segments. Under the Retail Banking umbrella, it provides deposit products and loans to individuals, as well as the agriculture and fishing, industry, construction, olive oil, trading, tourism, transport, telecom, service, and other sectors. The Investment Banking services include corporate finance, venture capital, a securities portfolio and financial holdings management, asset management, debt recovery. The bank generates a majority of its revenue in the form of interest incomes.

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