CIMB Thai Bank (STU:BK6B) Effective Interest Rate on Debt % : 8.35% (As of Jun. 2024)

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What is CIMB Thai 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. CIMB Thai Bank's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €231.6 Mil. CIMB Thai Bank's average total debt for the quarter that ended in Jun. 2024 was €2,774.1 Mil. Therefore, CIMB Thai Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.35%.

CIMB Thai Bank Effective Interest Rate on Debt % Historical Data

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

CIMB Thai Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.80

4.77

2.68

3.46

6.65

CIMB Thai Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.94	7.25	8.18	7.56	8.35

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

For the Banks - Regional subindustry, CIMB Thai 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.

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

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

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

CIMB Thai Bank Effective Interest Rate on Debt % Calculation

CIMB Thai 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 * -183.709	/	( (2410.126	+	3116.598)	/ 2 )
=	-1 * -183.709	/	2763.362
=	6.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2410.126	+	0
=	2410.126

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3116.598	+	0
=	3116.598

CIMB Thai Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -231.596	/	( (3235.391	+	2312.8)	/ 2 )
=	-1 * -231.596	/	2774.0955
=	8.35 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3235.391	+	0
=	3235.391

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2312.8	+	0
=	2312.8

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

CIMB Thai Bank (STU:BK6B) Effective Interest Rate on Debt % Explanation

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

CIMB Thai Bank Effective Interest Rate on Debt % Related Terms

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CIMB Thai Bank Business Description

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CIMBT:Thailand

Address

44 Langsuan Road, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.cimbthai.com

CIMB Thai Bank PLC is a financial service provider in Thailand. It provides consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. The bank has a presence in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, and Laos. It operates through CIMB Bank, CIMB Investment Bank, and CIMB Islamic. Its segments are Consumer Banking, Wholesale Banking, and Others, out of which it earns its maximum revenue from consumer banking.

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