Nepal Bank (XNEP:NBL) Effective Interest Rate on Debt % : 418.75% (As of Oct. 2024)

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What is Nepal 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. Nepal Bank's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was NPR14,635 Mil. Nepal Bank's average total debt for the quarter that ended in Oct. 2024 was NPR3,495 Mil. Therefore, Nepal Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 418.75%.

Nepal Bank Effective Interest Rate on Debt % Historical Data

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

Nepal Bank Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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790.21

605.95

243.29

128.87

194.48

Nepal Bank Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															416.96	444.59	-	447.19	418.75

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

For the Banks - Regional subindustry, Nepal 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.

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

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

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

Nepal Bank Effective Interest Rate on Debt % Calculation

Nepal 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 * -15751.164	/	( (11599.337	+	4598.638)	/ 2 )
=	-1 * -15751.164	/	8098.9875
=	194.48 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11599.337	+	0
=	11599.337

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4598.638	+	0
=	4598.638

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2024 )	+	Total Debt (Q: Oct. 2024 ))	/ count )
=	-1 * -14634.972	/	( (3494.792	+	3495.099)	/ 2 )
=	-1 * -14634.972	/	3494.9455
=	418.75 %

where

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3494.792	+	0
=	3494.792

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3495.099	+	0
=	3495.099

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

Nepal Bank (XNEP:NBL) Effective Interest Rate on Debt % Explanation

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

Nepal Bank Effective Interest Rate on Debt % Related Terms

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Nepal Bank Business Description

Industry

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Address

Dharmapath, Newroad, G.P.O, Box: 36, Kathmandu, NPL

Website

https://www.nepalbank.com.np

Nepal Bank Ltd is engaged in providing banking products and services. It offers products and services such as deposits and accounts services, loans and advances to corporate and consumers, remittance services, and products. The bank operates in the segments of Banking, Treasury, Remittance, and Government. It derives maximum revenue from the Banking segment which involves functions like collecting deposits and lending activities among other similar activities. It provides banking through its branch offices in different geographical locations within the country.