Aktia Bank (OHEL:AKTIA) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Aktia 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. Aktia Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.0 Mil. Aktia Bank's average total debt for the quarter that ended in Mar. 2024 was €3,780.1 Mil. Therefore, Aktia Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Aktia Bank Effective Interest Rate on Debt % Historical Data

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

Aktia Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.14

0.08

-0.10

0.63

6.27

Aktia Bank 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															-	-	-	-	-

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

For the Banks - Regional subindustry, Aktia 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.

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

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

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

Aktia Bank Effective Interest Rate on Debt % Calculation

Aktia 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 * -216.679	/	( (3192.538	+	3722.299)	/ 2 )
=	-1 * -216.679	/	3457.4185
=	6.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3192.538	+	0
=	3192.538

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3722.299	+	0
=	3722.299

Aktia Bank'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 * 0	/	( (3722.299	+	3838)	/ 2 )
=	-1 * 0	/	3780.1495
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3722.299	+	0
=	3722.299

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3838	+	0
=	3838

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.

Aktia Bank (OHEL:AKTIA) Effective Interest Rate on Debt % Explanation

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

Aktia Bank Effective Interest Rate on Debt % Related Terms

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Aktia Bank (OHEL:AKTIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aktia Bank PLC (OHEL:AKTIA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2A41:Germany

Address

Arkadiankatu 4-6 A, PO Box 207, Helsinki, FIN, 00101

Website

https://www.aktia.com

Aktia Bank operates in Finland and offers a broad range of financial services, including banking, asset management, and insurance. The vast majority of its customer base lives in the Helsinki metropolitan area, which accounts for most of its loan and deposit activities. It operates through business segments: banking business, which includes individual, corporate, and institutional customers; and asset management, which includes the firm's asset management business and life insurance arm and Group functions. The majority of revenue comes from the banking business segment.

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