OTP Bank (OTP Bank) Effective Interest Rate on Debt % : 53.26% (As of Dec. 2023)

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What is OTP 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. OTP Bank's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4,038.59 Mil. OTP Bank's average total debt for the quarter that ended in Dec. 2023 was $7,582.20 Mil. Therefore, OTP Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 53.26%.

OTP Bank Effective Interest Rate on Debt % Historical Data

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

OTP Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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32.76

26.04

30.68

85.63

77.89

OTP Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															107.25	103.35	81.18	62.92	53.26

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

For the Banks - Regional subindustry, OTP 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.

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

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

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

OTP Bank Effective Interest Rate on Debt % Calculation

OTP 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 * -4305.947	/	( (3466.89	+	7590.08)	/ 2 )
=	-1 * -4305.947	/	5528.485
=	77.89 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3466.89	+	0
=	3466.89

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7590.08	+	0
=	7590.08

OTP 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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4038.588	/	( (7574.313	+	7590.08)	/ 2 )
=	-1 * -4038.588	/	7582.1965
=	53.26 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7574.313	+	0
=	7574.313

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7590.08	+	0
=	7590.08

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

OTP Bank (GREY:OTPIY) Effective Interest Rate on Debt % Explanation

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

OTP Bank Effective Interest Rate on Debt % Related Terms

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OTP Bank (OTP Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OTP Bank PLC (GREY:OTPIY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

OTPBF:USA OTP:Hungary 0M69:UK OTP:Germany

Address

16, Nador Street, Budapest, HUN, 1051

Website

https://www.otpbank.hu

OTP Bank PLC provides universal financial services through several subsidiaries. It performs banking operations via its bank in Hungary. The Group's operating segments are as follows: OTP Core Hungary, Russia, Ukraine, Bulgaria, Romania, Serbia, Croatia, Montenegro, Albania, Moldova, Slovenia, Merkantil Group, Asset Management subsidiaries, other subsidiaries, Corporate Centre. The Bank provides comprehensive banking & other financial services to both retail & corporate customers: its activities include deposit collection from customers, raising money from the money & capital markets; It also offers mortgage loans, consumer credits, working capital & investment loans to companies, and municipalities. A majority of the bank's net revenue is net interest income.