FinecoBank SpA (MIL:FBK) Effective Interest Rate on Debt % : 45.11% (As of Dec. 2023)

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What is FinecoBank SpA 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. FinecoBank SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €378.5 Mil. FinecoBank SpA's average total debt for the quarter that ended in Dec. 2023 was €839.0 Mil. Therefore, FinecoBank SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 45.11%.

FinecoBank SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for FinecoBank SpA'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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FinecoBank SpA Effective Interest Rate on Debt % Chart

FinecoBank SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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24.70

15.95

2.37

3.51

13.21

FinecoBank SpA Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	45.11

Competitive Comparison of FinecoBank SpA's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, FinecoBank SpA'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.

FinecoBank SpA's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

FinecoBank SpA Effective Interest Rate on Debt % Calculation

FinecoBank SpA'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 * -94.613	/	( (561.277	+	870.646)	/ 2 )
=	-1 * -94.613	/	715.9615
=	13.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	561.277	+	0
=	561.277

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	870.646	+	0
=	870.646

FinecoBank SpA'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 * -378.452	/	( (807.409	+	870.646)	/ 2 )
=	-1 * -378.452	/	839.0275
=	45.11 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	807.409	+	0
=	807.409

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	870.646	+	0
=	870.646

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.

FinecoBank SpA (MIL:FBK) Effective Interest Rate on Debt % Explanation

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

FinecoBank SpA Effective Interest Rate on Debt % Related Terms

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FinecoBank SpA (MIL:FBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FinecoBank SpA (MIL:FBK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

FCBBF:USA FBKm:UK 0QVF:UK ZS3:Germany FBK:Austria

Address

Piazza Durante, 11, Milan, ITA, 20131

Website

https://www.finecobank.com

FinecoBank SpA is a FinTech bank in Europe. It offers a business model which combines platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and an important player in private banking in Italy, offering advanced and tailor-made advisory services.