Unity Bank (NSA:UBP) Effective Interest Rate on Debt %: 28.12% (As of Dec. 2023)


NSA:UBP Unity Bank PLC NSA:UBP
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What is Unity Bank Effective Interest Rate on Debt %?

Unity Bank NSA:UBP 8 Effective Interest Rate on Debt % is 28.12% as of Dec. 2023. GuruFocus rates NSA:UBP with a GF Score™ of 8/100.

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. Unity Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₦36,183.44 Mil. Unity Bank's average total debt for the quarter that ended in Dec. 2023 was ₦128,691.37 Mil. Therefore, Unity Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 28.12%.

Unity Bank  (NSA:UBP) Effective Interest Rate on Debt % Explanation

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

Unity Bank Effective Interest Rate on Debt % Related Terms

Unity Bank Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Unity 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.

Unity Bank Effective Interest Rate on Debt % Chart

Unity Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 12.56 10.74 9.78 11.73 28.12

Unity Bank Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 12.56 10.74 9.78 11.73 28.12

NSA:UBP vs USB, PNC: Effective Interest Rate on Debt % Comparison

For the Banks - Regional subindustry, Unity 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.

Unity Bank Effective Interest Rate on Debt % vs Banks Industry

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

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


NSA:UBP
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Unity Bank PLC NSA:UBP
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Bank Effective Interest Rate on Debt % Calculation

Unity 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  *  -36183.444/( (246792.778+10589.967)/ 2 )
=-1  *  -36183.444/128691.3725
=28.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=246792.778 + 0
=246792.778

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10589.967 + 0
=10589.967

Unity Bank'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  *  -36183.444/( (246792.778+10589.967)/ 2 )
=-1  *  -36183.444/128691.3725
=28.12 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=246792.778 + 0
=246792.778

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10589.967 + 0
=10589.967

* 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.

What does a Effective Interest Rate on Debt % of 28.12% mean?
Unity Bank (NSA:UBP) has a Effective Interest Rate on Debt % of 28.12% as of Dec. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Unity Bank and its competitors.
Is Unity Bank's Effective Interest Rate on Debt % too high?
Unity Bank's current Effective Interest Rate on Debt % is 28.12%. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Effective Interest Rate on Debt % compare to USB and PNC?
Unity Bank's Effective Interest Rate on Debt % of 28.12% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Banks company?
A good Effective Interest Rate on Debt % depends on the Banks industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Unity Bank and its competitors. Unity Bank's current Effective Interest Rate on Debt % is 28.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Effective Interest Rate on Debt % of 28.12%. The current Effective Interest Rate on Debt % is 28.12%. Unity Bank's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Unity Bank (NSA:UBP), the current Effective Interest Rate on Debt % is 28.12% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Unity Bank Business Description

Address Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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