Bank Asia (DHA:BANKASIA) Effective Interest Rate on Debt % : 59.05% (As of Mar. 2024)

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What is Bank Asia 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. Bank Asia's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was BDT20,393 Mil. Bank Asia's average total debt for the quarter that ended in Mar. 2024 was BDT34,533 Mil. Therefore, Bank Asia's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 59.05%.

Bank Asia Effective Interest Rate on Debt % Historical Data

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

Bank Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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31.22

29.75

23.20

24.36

35.09

Bank Asia 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															29.69	37.87	44.06	49.25	59.05

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

For the Banks - Regional subindustry, Bank Asia'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.

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

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

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

Bank Asia Effective Interest Rate on Debt % Calculation

Bank Asia'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 * -17067.341	/	( (62937.967	+	34344.066)	/ 2 )
=	-1 * -17067.341	/	48641.0165
=	35.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62937.967	+	0
=	62937.967

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34344.066	+	0
=	34344.066

Bank Asia'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 * -20392.824	/	( (34344.066	+	34722.85)	/ 2 )
=	-1 * -20392.824	/	34533.458
=	59.05 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34344.066	+	0
=	34344.066

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34722.85	+	0
=	34722.85

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.

Bank Asia (DHA:BANKASIA) Effective Interest Rate on Debt % Explanation

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

Bank Asia Effective Interest Rate on Debt % Related Terms

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Bank Asia (DHA:BANKASIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Asia PLC (DHA:BANKASIA) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

32 & 34 Kazi Nazrul Islam Avenue, Bank Asia Tower, Karwan Bazar, Dhaka, BGD, 1215

Website

https://www.bankasia-bd.com

Bank Asia Ltd is a Bangladesh-based Bank. The bank provides various banking products and services such as mobile banking, ATM services, credit card facilities, internet banking, foreign currency account, and other services. Its principal activities are to provide all kinds of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels. The segments of the company within Bangladesh are Conventional Banking, Islamic Banking, and Off-shore Banking unit, of which key revenue is derived from the Conventional Banking unit. It has a business presence in Bangladesh and other countries.

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