Nordea Bank Abp (OCSE:NDA DK) Effective Interest Rate on Debt % : 7.58% (As of Mar. 2024)

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What is Nordea Bank Abp 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. Nordea Bank Abp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr109,309 Mil. Nordea Bank Abp's average total debt for the quarter that ended in Mar. 2024 was kr1,442,387 Mil. Therefore, Nordea Bank Abp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.58%.

Nordea Bank Abp Effective Interest Rate on Debt % Historical Data

The historical data trend for Nordea Bank Abp'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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Nordea Bank Abp Effective Interest Rate on Debt % Chart

Nordea Bank Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.55

0.81

0.41

1.69

6.45

Nordea Bank Abp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.16	5.96	6.89	7.23	7.58

Competitive Comparison of Nordea Bank Abp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Nordea Bank Abp'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.

Nordea Bank Abp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Nordea Bank Abp Effective Interest Rate on Debt % Calculation

Nordea Bank Abp'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 * -91513.276	/	( (1415605.358	+	1423986.232)	/ 2 )
=	-1 * -91513.276	/	1419795.795
=	6.45 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1415605.358	+	0
=	1415605.358

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1423986.232	+	0
=	1423986.232

Nordea Bank Abp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -109309.42	/	( (1423986.232	+	1460786.954)	/ 2 )
=	-1 * -109309.42	/	1442386.593
=	7.58 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1423986.232	+	0
=	1423986.232

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1460786.954	+	0
=	1460786.954

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

Nordea Bank Abp (OCSE:NDA DK) Effective Interest Rate on Debt % Explanation

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

Nordea Bank Abp Effective Interest Rate on Debt % Related Terms

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Nordea Bank Abp (OCSE:NDA DK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nordea Bank Abp (OCSE:NDA DK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NBNKF:USA NRDBY:USA NDA SE:Sweden 1NDA:Italy NDAs:UK 0N4T:UK NDA FI:Finland 04Q:Germany

Address

Hamnbanegatan 5, Helsinki, FIN, FI-00020

Website

https://www.nordea.com

Nordea is a universal Nordic bank which generates most of its income through vanilla lending products such as mortgages, household loans and corporate loans. The bank is also a leading equity and debt underwriter and issuer specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.

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