Jammu & Kashmir Bank (NSE:J&KBANK) Effective Interest Rate on Debt % : 290.62% (As of Mar. 2025)

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What is Jammu & Kashmir 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. Jammu & Kashmir Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₹69,267 Mil. Jammu & Kashmir Bank's average total debt for the quarter that ended in Mar. 2025 was ₹23,834 Mil. Therefore, Jammu & Kashmir Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 290.62%.

Jammu & Kashmir Bank Effective Interest Rate on Debt % Historical Data

The historical data trend for Jammu & Kashmir 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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Jammu & Kashmir Bank Effective Interest Rate on Debt % Chart

Jammu & Kashmir Bank Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Effective Interest Rate on Debt %

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215.12

187.02

175.16

207.98

255.94

Jammu & Kashmir Bank Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															222.33	175.41	182.17	257.72	290.62

Competitive Comparison of Jammu & Kashmir Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Jammu & Kashmir 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.

Jammu & Kashmir Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

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Jammu & Kashmir Bank Effective Interest Rate on Debt % Calculation

Jammu & Kashmir Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2024 )	+	Total Debt (A: Mar. 2025 ))	/ count )
=	-1 * -67412.6	/	( (28850.015	+	23828.4)	/ 2 )
=	-1 * -67412.6	/	26339.2075
=	255.94 %

where

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28850.015	+	0
=	28850.015

	Total Debt (A: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23828.4	+	0
=	23828.4

Jammu & Kashmir Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -69266.8	/	( (23839.2	+	23828.4)	/ 2 )
=	-1 * -69266.8	/	23833.8
=	290.62 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23839.2	+	0
=	23839.2

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23828.4	+	0
=	23828.4

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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Jammu & Kashmir Bank (NSE:J&KBANK) Effective Interest Rate on Debt % Explanation

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

Jammu & Kashmir Bank Effective Interest Rate on Debt % Related Terms

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Jammu & Kashmir Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jammu & Kashmir Bank Ltd (NSE:J&KBANK) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

532209:India

Address

Maulana Azad Road, Srinagar, IND, 190001

Website

https://www.jkbank.com

Jammu & Kashmir Bank Ltd is a bank that has businesses comprised of treasury, corporate/wholesale banking, retail banking and others. The bank's personal financial products include various loan products, personal account services, term bank deposits, mutual funds, bank cards, and insurance products. The company has Four crucial business segments namely Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The company generates majority of its revenue from Retail Banking segment. The bank's financial products for businesses include loans, business accounts, and others.

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