Kumari Bank (XNEP:KBL) Effective Interest Rate on Debt % : 143.10% (As of Apr. 2024)

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What is Kumari 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. Kumari Bank's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was NPR25,932 Mil. Kumari Bank's average total debt for the quarter that ended in Apr. 2024 was NPR18,121 Mil. Therefore, Kumari Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 143.10%.

Kumari Bank Effective Interest Rate on Debt % Historical Data

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

Kumari Bank Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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550.05

307.35

139.76

198.24

246.67

Kumari Bank Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															270.75	238.22	219.82	181.65	143.10

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

For the Banks - Regional subindustry, Kumari 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.

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

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

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

Kumari Bank Effective Interest Rate on Debt % Calculation

Kumari Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -23046.049	/	( (4235.504	+	14450.193)	/ 2 )
=	-1 * -23046.049	/	9342.8485
=	246.67 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4235.504	+	0
=	4235.504

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14450.193	+	0
=	14450.193

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2024 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -25932.056	/	( (18111.56	+	18130.773)	/ 2 )
=	-1 * -25932.056	/	18121.1665
=	143.10 %

where

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18111.56	+	0
=	18111.56

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18130.773	+	0
=	18130.773

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

Kumari Bank (XNEP:KBL) Effective Interest Rate on Debt % Explanation

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

Kumari Bank Effective Interest Rate on Debt % Related Terms

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Kumari Bank (XNEP:KBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kumari Bank Ltd (XNEP:KBL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Tangal, Kathmandu, NPL

Website

https://www.kumaribank.com

Kumari Bank Ltd provides various banking services in Nepal. It includes agency services, trade finance services, card services, e-commerce products and services, remittances, and bullion trading services with technological banking support services. The company's operating segments include Remittance Services, Digital Banking Business, Treasury Business, and Banking. It generates maximum revenue from the Banking segment.

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