Cathay Financial Holding Co (TPE:2882A.PFD) Effective Interest Rate on Debt % : 19.29% (As of Sep. 2024)

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What is Cathay Financial Holding Co 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. Cathay Financial Holding Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was NT$68,999.98 Mil. Cathay Financial Holding Co's average total debt for the quarter that ended in Sep. 2024 was NT$357,608.72 Mil. Therefore, Cathay Financial Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 19.29%.

Cathay Financial Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Cathay Financial Holding Co'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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Cathay Financial Holding Co Effective Interest Rate on Debt % Chart

Cathay Financial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.98

8.86

6.09

10.60

23.67

Cathay Financial Holding Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															26.71	24.72	22.41	21.14	19.29

Competitive Comparison of Cathay Financial Holding Co's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Cathay Financial Holding Co'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.

Cathay Financial Holding Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Cathay Financial Holding Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cathay Financial Holding Co's Effective Interest Rate on Debt % falls into.

Cathay Financial Holding Co Effective Interest Rate on Debt % Calculation

Cathay Financial Holding Co'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 * -61947.352	/	( (238031.964	+	285488.019)	/ 2 )
=	-1 * -61947.352	/	261759.9915
=	23.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	238031.964	+	0
=	238031.964

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	285488.019	+	0
=	285488.019

Cathay Financial Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -68999.976	/	( (340765.731	+	374451.709)	/ 2 )
=	-1 * -68999.976	/	357608.72
=	19.29 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	340765.731	+	0
=	340765.731

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374451.709	+	0
=	374451.709

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

Cathay Financial Holding Co (TPE:2882A.PFD) Effective Interest Rate on Debt % Explanation

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

Cathay Financial Holding Co Effective Interest Rate on Debt % Related Terms

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Cathay Financial Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (TPE:2882A.PFD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

2882B.PFD:Taiwan 2882:Taiwan

Address

No. 296, Section 4, Jen Ai Road, Da\'an District, Taipei, TWN, 106

Website

https://www.cathayholdings.com

Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The company offers a broad range of life insurance, banking and property and casualty insurance products to individual and corporate customers in Taiwan. The Group has five operating segments Banking operating segment, Life insurance operating segments, Property insurance operating segment, Securities operating segment, and Other operating segment. The company generates the majority of its revenue from the Life Insurance Division, which is engaged in interest-sensitive sales of traditional insurance, investment-linked insurance, and annuity insurance and providing financial planning services and policy loan services.

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