CBZ Holdings (XZIM:CBZ.ZW) Effective Interest Rate on Debt % : 248.05% (As of Dec. 2023)

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What is CBZ Holdings 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. CBZ Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ZWL152,971 Mil. CBZ Holdings's average total debt for the quarter that ended in Dec. 2023 was ZWL61,669 Mil. Therefore, CBZ Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 248.05%.

CBZ Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for CBZ Holdings'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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CBZ Holdings Effective Interest Rate on Debt % Chart

CBZ Holdings Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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149.48

277.54

779.06

950.27

1,463.37

CBZ Holdings Semi-Annual Data
	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									743.68	456.44	1,195.67	129.05	248.05

Competitive Comparison of CBZ Holdings's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, CBZ Holdings'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.

CBZ Holdings's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

CBZ Holdings Effective Interest Rate on Debt % Calculation

CBZ Holdings'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 * -118802.28	/	( (12032.3	+	4204.553)	/ 2 )
=	-1 * -118802.28	/	8118.4265
=	1,463.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12032.3	+	0
=	12032.3

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4204.553	+	0
=	4204.553

CBZ Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -152970.746	/	( (119133.797	+	4204.553)	/ 2 )
=	-1 * -152970.746	/	61669.175
=	248.05 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119133.797	+	0
=	119133.797

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4204.553	+	0
=	4204.553

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CBZ Holdings (XZIM:CBZ.ZW) Effective Interest Rate on Debt % Explanation

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

CBZ Holdings Effective Interest Rate on Debt % Related Terms

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CBZ Holdings (XZIM:CBZ.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CBZ Holdings Ltd (XZIM:CBZ.ZW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Campbell Road, Pomona, Borrowdale, Harare, ZWE

Website

https://www.cbz.co.zw

CBZ Holdings Ltd is a Zimbabwe-based financial services company. The company's operating segments include Banking Operations; Mortgage finance; Asset management; Insurance operations; Property investment; Agro business; Micro Finance and Other operations. It generates maximum revenue from the Banking Operations segment. The Banking Operations segment provides commercial banking products through retail banking corporate and merchant banking and investment portfolios through the treasury function.

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