Indian Overseas Bank (BOM:532388) Effective Interest Rate on Debt % : 50.41% (As of Mar. 2024)

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What is Indian Overseas 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. Indian Overseas Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹154,711 Mil. Indian Overseas Bank's average total debt for the quarter that ended in Mar. 2024 was ₹306,904 Mil. Therefore, Indian Overseas Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 50.41%.

Indian Overseas Bank Effective Interest Rate on Debt % Historical Data

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

Indian Overseas Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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194.31

219.31

257.20

87.79

54.71

Indian Overseas Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															66.69	62.89	58.72	49.96	50.41

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

For the Banks - Regional subindustry, Indian Overseas 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.

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

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

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

Indian Overseas Bank Effective Interest Rate on Debt % Calculation

Indian Overseas Bank's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -142265	/	( (216225.652	+	303871.7)	/ 2 )
=	-1 * -142265	/	260048.676
=	54.71 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	216225.652	+	0
=	216225.652

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	303871.7	+	0
=	303871.7

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -154710.8	/	( (309936.6	+	303871.7)	/ 2 )
=	-1 * -154710.8	/	306904.15
=	50.41 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309936.6	+	0
=	309936.6

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	303871.7	+	0
=	303871.7

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

Indian Overseas Bank (BOM:532388) Effective Interest Rate on Debt % Explanation

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

Indian Overseas Bank Effective Interest Rate on Debt % Related Terms

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Indian Overseas Bank (BOM:532388) Business Description

Industry

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IOB:India

Address

No. 763, Anna Salai, Chennai, TN, IND, 600 002

Website

https://www.iob.in

Indian Overseas Bank is engaged in banking sector. The bank is based in India and has branches in several Asian countries. The majority of revenue is earned domestically. Its segments are corporate/wholesale banking, treasury, retail banking and other banking operations. The corporate/wholesale banking provides working capital finance, term loans and loans for the information technology sector. The Treasury segment offers asset management services, credit cards, settlement services, and locker facilities while the retail banking segment provides current accounts, term deposits, retail loans, mortgages, insurance, and Internet banking.

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