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Agricultural Development Bank (XGHA:ADB) Effective Interest Rate on Debt % : 114.54% (As of Mar. 2024)


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What is Agricultural Development 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. Agricultural Development Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was GHS825.2 Mil. Agricultural Development Bank's average total debt for the quarter that ended in Mar. 2024 was GHS720.4 Mil. Therefore, Agricultural Development Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 114.54%.

Agricultural Development Bank Effective Interest Rate on Debt % Historical Data

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

Agricultural Development Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 67.88 54.53 53.83 83.63 99.95

Agricultural Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.09 85.36 90.63 118.07 114.54

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

For the Banks - Regional subindustry, Agricultural Development 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.

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

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

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


Agricultural Development Bank Effective Interest Rate on Debt % Calculation

Agricultural Development 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  *  -669.644/( (686.086+653.868)/ 2 )
=-1  *  -669.644/669.977
=99.95 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=686.086 + 0
=686.086

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=653.868 + 0
=653.868

Agricultural Development 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  *  -825.156/( (653.868+786.965)/ 2 )
=-1  *  -825.156/720.4165
=114.54 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=653.868 + 0
=653.868

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=786.965 + 0
=786.965

* 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.

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.

Agricultural Development Bank  (XGHA:ADB) Effective Interest Rate on Debt % Explanation

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

Agricultural Development Bank Effective Interest Rate on Debt % Related Terms

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Agricultural Development Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Development Bank Ltd (XGHA:ADB) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XGHA:EGH XGHA:SOGEGH XGHA:GCB XGHA:SCB XGHA:ACCESS XGHA:RBGH XGHA:CAL XGHA:TBL CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
Accra Financial Centre, P.O. Box 4191, Ridge, 3rd Ambassadorial Development Area, Accra, GHA
Website
https://www.agricbank.com
Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasurys. Corporate Banking includes loans, deposits, and other transactions and balances with corporate customers including the Agricultural sector. Retail Banking includes loans, deposits, and other transactions and balances with retail customers. The central Treasury segment undertakes the Bank's funding and centralised risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes, and investing in liquid assets such as short-term placements and corporate and government debt securities.

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