United Bank (United Bank) Effective Interest Rate on Debt % : 3,005.35% (As of Mar. 2024)

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What is United 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. United Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3,102.57 Mil. United Bank's average total debt for the quarter that ended in Mar. 2024 was $103.24 Mil. Therefore, United Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3,005.35%.

United Bank Effective Interest Rate on Debt % Historical Data

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

United Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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113.60

175.06

227.35

299.73

811.72

United 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															563.83	573.18	612.37	1,132.85	3,005.35

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

For the Banks - Regional subindustry, United 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.

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

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

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

United Bank Effective Interest Rate on Debt % Calculation

United 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 * -1393.905	/	( (223.724	+	119.72)	/ 2 )
=	-1 * -1393.905	/	171.722
=	811.72 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	223.724	+	0
=	223.724

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.72	+	0
=	119.72

United 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 * -3102.568	/	( (119.72	+	86.75)	/ 2 )
=	-1 * -3102.568	/	103.235
=	3,005.35 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.72	+	0
=	119.72

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.75	+	0
=	86.75

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.

United Bank (OTCPK:UDBKL) Effective Interest Rate on Debt % Explanation

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

United Bank Effective Interest Rate on Debt % Related Terms

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United Bank (United Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bank Ltd (OTCPK:UDBKL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

UBL:Pakistan

Address

I.I. Chundrigar Road, Karachi, PAK, 74000

Website

http://www.ubldigital.com

United Bank Ltd is a commercial banking company. The company's operating segment includes Corporate/Commercial Banking; Treasury; Branch Banking; Islamic Banking; International Branch Operations and Others. It generates maximum revenue from the Branch Banking segment. The Branch Banking segment includes deposits, lending and banking services to private individuals and small businesses including credit cards and branchless banking. Geographically, it derives most of its revenue from Pakistan and also has a presence in the Middle East and Export Processing Zones.