Sohar International Bank (MUS:BKSB) Effective Interest Rate on Debt % : 21.66% (As of Jun. 2024)

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What is Sohar International 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. Sohar International Bank's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ر.ع135.6 Mil. Sohar International Bank's average total debt for the quarter that ended in Jun. 2024 was ر.ع626.3 Mil. Therefore, Sohar International Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 21.66%.

Sohar International Bank Effective Interest Rate on Debt % Historical Data

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

Sohar International Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.07

9.85

8.47

8.52

17.42

Sohar International 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															11.87	17.57	22.44	21.93	21.66

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

For the Banks - Regional subindustry, Sohar International 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.

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

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

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

Sohar International Bank Effective Interest Rate on Debt % Calculation

Sohar International 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 * -121.678	/	( (799.451	+	597.508)	/ 2 )
=	-1 * -121.678	/	698.4795
=	17.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	799.451	+	0
=	799.451

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	597.508	+	0
=	597.508

Sohar International 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 * -135.636	/	( (645.151	+	607.424)	/ 2 )
=	-1 * -135.636	/	626.2875
=	21.66 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	645.151	+	0
=	645.151

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	607.424	+	0
=	607.424

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.

Sohar International Bank (MUS:BKSB) Effective Interest Rate on Debt % Explanation

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

Sohar International Bank Effective Interest Rate on Debt % Related Terms

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Sohar International Bank Business Description

Industry

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Address

Hai Al Mina, P.O. Box 44, Muscat, OMN, 114

Website

https://www.soharinternational.com

Sohar International Bank is engaged in commercial, investment, and Islamic banking through a network of commercial and Islamic banking branches within the Sultanate of Oman. The bank has four operating segments; Retail banking Includes loans to and deposits from retail customers, credit card, and fund transfer facilities, Wholesale banking includes loans to and deposits from large and mid-sector corporates, small & medium enterprises and trade finance customers, Investments, and Treasury, The head office includes the balance sheet, income and expense related items, and Islamic banking Includes Islamic financing activities, current accounts, unrestricted investment accounts and other products and services to corporate and individual customers under Shari'a principles.