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Harbin Bank Co (FRA:5H6) Effective Interest Rate on Debt % : 46.48% (As of Dec. 2023)


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What is Harbin Bank Co 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. Harbin Bank Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €2,632 Mil. Harbin Bank Co's average total debt for the quarter that ended in Dec. 2023 was €5,662 Mil. Therefore, Harbin Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 46.48%.


Harbin Bank Co Effective Interest Rate on Debt % Historical Data

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

Harbin Bank Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.87 31.90 45.77 44.79 43.76

Harbin Bank Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.78 43.01 37.69 45.49 46.48

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

For the Banks - Regional subindustry, Harbin Bank Co'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.


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

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

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



Harbin Bank Co Effective Interest Rate on Debt % Calculation

Harbin Bank Co'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  *  -2590.398/( (5880.109+5959.723)/ 2 )
=-1  *  -2590.398/5919.916
=43.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5880.109 + 0
=5880.109

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5959.723 + 0
=5959.723

Harbin Bank Co'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  *  -2632.2/( (5365.241+5959.723)/ 2 )
=-1  *  -2632.2/5662.482
=46.48 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5365.241 + 0
=5365.241

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5959.723 + 0
=5959.723

* 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.

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.


Harbin Bank Co  (FRA:5H6) Effective Interest Rate on Debt % Explanation

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


Harbin Bank Co Effective Interest Rate on Debt % Related Terms

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Harbin Bank Co (FRA:5H6) Business Description

Industry
Traded in Other Exchanges
Address
No. 888 Shangjiang Street, Daoli District, Harbin, CHN, 150010
Harbin Bank Co Ltd is a China-based company that operates a financial business throughout mainland China. The company's core businesses consist of the corporate banking business, which provides corporate customers with financial products and services, such as deposits, loans, settlement, clearing, and others; the retail banking business, which provides retail customers with financial products and services, such as deposits, bank cards, credit cards, personal loans, collateral loans, and personal wealth-management services; and the interbank financial business, which is involved in money market placements, investments, repurchasing, and foreign exchange transactions. The company generates over half of its revenue from the Heilongjiang province.

Harbin Bank Co (FRA:5H6) Headlines

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