Itau Unibanco Holding (Itau Unibanco Holding) Effective Interest Rate on Debt % : 32.60% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Itau Unibanco Holding 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. Itau Unibanco Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $29,957 Mil. Itau Unibanco Holding's average total debt for the quarter that ended in Dec. 2023 was $91,893 Mil. Therefore, Itau Unibanco Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 32.60%.

Itau Unibanco Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Itau Unibanco Holding'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.

* Premium members only.

Itau Unibanco Holding Effective Interest Rate on Debt % Chart

Itau Unibanco Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

28.92

22.47

21.31

38.16

37.17

Itau Unibanco Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															56.60	36.70	39.45	35.51	32.60

Competitive Comparison of Itau Unibanco Holding's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Itau Unibanco Holding'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.

Itau Unibanco Holding's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Itau Unibanco Holding's Effective Interest Rate on Debt % falls into.

Itau Unibanco Holding Effective Interest Rate on Debt % Calculation

Itau Unibanco Holding'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 * -32297.237	/	( (81588.058	+	92214.784)	/ 2 )
=	-1 * -32297.237	/	86901.421
=	37.17 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51436.115	+	30151.943
=	81588.058

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54215.682	+	37999.102
=	92214.784

Itau Unibanco Holding'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -29957.14	/	( (91570.454	+	92214.784)	/ 2 )
=	-1 * -29957.14	/	91892.619
=	32.60 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53830.968	+	37739.486
=	91570.454

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54215.682	+	37999.102
=	92214.784

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

Itau Unibanco Holding (NYSE:ITUB) Effective Interest Rate on Debt % Explanation

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

Itau Unibanco Holding Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Itau Unibanco Holding's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Itau Unibanco Holding (Itau Unibanco Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (NYSE:ITUB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ITUB:Mexico BVXB:Germany BVXB:Germany ITUB4:Brazil ITUB3:Brazil ITUB:Argentina

Address

Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902

Website

https://www.itau.com.br

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.