Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Effective Interest Rate on Debt % : 35.51% (As of Jun. 2023)

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What is Mizrahi Tefahot 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. Mizrahi Tefahot Bank's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $3,421 Mil. Mizrahi Tefahot Bank's average total debt for the quarter that ended in Jun. 2023 was $9,635 Mil. Therefore, Mizrahi Tefahot Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 35.51%.

Mizrahi Tefahot Bank Effective Interest Rate on Debt % Historical Data

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

Mizrahi Tefahot Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.40

5.06

7.90

16.37

33.47

Mizrahi Tefahot Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.30	23.54	30.45	35.51	-

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

For the Banks - Regional subindustry, Mizrahi Tefahot 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.

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

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

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

Mizrahi Tefahot Bank Effective Interest Rate on Debt % Calculation

Mizrahi Tefahot 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 * -3257.932	/	( (9226.746	+	10239.874)	/ 2 )
=	-1 * -3257.932	/	9733.31
=	33.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9226.746	+	0
=	9226.746

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10239.874	+	0
=	10239.874

Mizrahi Tefahot Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -3420.964	/	( (9372.446	+	9897.29)	/ 2 )
=	-1 * -3420.964	/	9634.868
=	35.51 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9372.446	+	0
=	9372.446

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9897.29	+	0
=	9897.29

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mizrahi Tefahot Bank (OTCPK:MZTFF) Effective Interest Rate on Debt % Explanation

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

Mizrahi Tefahot Bank Effective Interest Rate on Debt % Related Terms

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Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (OTCPK:MZTFF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MZTF:Israel

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.