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Financiera IndependenciaB de CV Sofom E N R (MEX:FINDEP) Effective Interest Rate on Debt % : 13.58% (As of Sep. 2024)


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What is Financiera IndependenciaB de CV Sofom E N R 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. Financiera IndependenciaB de CV Sofom E N R's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was MXN606 Mil. Financiera IndependenciaB de CV Sofom E N R's average total debt for the quarter that ended in Sep. 2024 was MXN4,465 Mil. Therefore, Financiera IndependenciaB de CV Sofom E N R's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.58%.


Financiera IndependenciaB de CV Sofom E N R Effective Interest Rate on Debt % Historical Data

The historical data trend for Financiera IndependenciaB de CV Sofom E N R'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.

* Premium members only.

Financiera IndependenciaB de CV Sofom E N R Effective Interest Rate on Debt % Chart

Financiera IndependenciaB de CV Sofom E N R 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 10.79 10.84 9.31 10.07 11.88

Financiera IndependenciaB de CV Sofom E N R 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 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 11.34 13.83 14.44 14.36 13.58

Competitive Comparison of Financiera IndependenciaB de CV Sofom E N R's Effective Interest Rate on Debt %

For the Credit Services subindustry, Financiera IndependenciaB de CV Sofom E N R'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.


Financiera IndependenciaB de CV Sofom E N R's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Financiera IndependenciaB de CV Sofom E N R's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Financiera IndependenciaB de CV Sofom E N R's Effective Interest Rate on Debt % falls into.



Financiera IndependenciaB de CV Sofom E N R Effective Interest Rate on Debt % Calculation

Financiera IndependenciaB de CV Sofom E N R'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  *  -623.266/( (6052.97+4436.879)/ 2 )
=-1  *  -623.266/5244.9245
=11.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6052.97 + 0
=6052.97

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4436.879 + 0
=4436.879

Financiera IndependenciaB de CV Sofom E N R'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  *  -606.364/( (4531.045+4398.903)/ 2 )
=-1  *  -606.364/4464.974
=13.58 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4531.045 + 0
=4531.045

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4398.903 + 0
=4398.903

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


Financiera IndependenciaB de CV Sofom E N R  (MEX:FINDEP) Effective Interest Rate on Debt % Explanation

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


Financiera IndependenciaB de CV Sofom E N R Effective Interest Rate on Debt % Related Terms

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Financiera IndependenciaB de CV Sofom E N R Business Description

Traded in Other Exchanges
N/A
Address
Prolongacion Paseo de la Reforma No. 600, Int. 420, Col. Santa Fe Pena Blanca, Mexico DF, MEX, 01210
Financiera Independencia SAB de CV Sofom E N R operates as a microfinance company. The company offers Credipopular for self-employed individuals, CrediMama for mothers with a child, CrediInmediato for employed individuals.

Financiera IndependenciaB de CV Sofom E N R Headlines

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