GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zhongyuan Bank Co Ltd (HKSE:01216) » Definitions » Effective Interest Rate on Debt %

Zhongyuan Bank Co (HKSE:01216) Effective Interest Rate on Debt % : 20.38% (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Zhongyuan 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. Zhongyuan Bank Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$31,126 Mil. Zhongyuan Bank Co's average total debt for the quarter that ended in Dec. 2023 was HK$152,743 Mil. Therefore, Zhongyuan Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.38%.


Zhongyuan Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Zhongyuan 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.

* Premium members only.

Zhongyuan Bank Co Effective Interest Rate on Debt % Chart

Zhongyuan 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 15.55 18.92 17.69 17.70 20.20

Zhongyuan Bank Co Semi-Annual Data
Dec14 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 17.24 15.28 19.41 19.27 20.38

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

For the Banks - Regional subindustry, Zhongyuan 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.


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

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

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



Zhongyuan Bank Co Effective Interest Rate on Debt % Calculation

Zhongyuan 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  *  -31145.569/( (163168.758+145168.408)/ 2 )
=-1  *  -31145.569/154168.583
=20.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=163168.758 + 0
=163168.758

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145168.408 + 0
=145168.408

Zhongyuan 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  *  -31126.022/( (160316.768+145168.408)/ 2 )
=-1  *  -31126.022/152742.588
=20.38 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=160316.768 + 0
=160316.768

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145168.408 + 0
=145168.408

* 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.


Zhongyuan Bank Co  (HKSE:01216) Effective Interest Rate on Debt % Explanation

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


Zhongyuan Bank Co Effective Interest Rate on Debt % Related Terms

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


Zhongyuan Bank Co (HKSE:01216) Business Description

Industry
Traded in Other Exchanges
Address
No. 23 Shangwu Waihuan Road, Zhongke Golden Tower, Zhengdong New District CBD, Henan Province, Zhengzhou, CHN
Zhongyuan Bank Co Ltd is engaged in the provision of corporate banking services. The business segments of the company are the Corporate banking segment, which represents the provision of a range of financial products and services to corporations, government agencies and financial institutions. The retail banking segment represents the provision of a range of financial products and services to retail customers. The financial markets business segment covers the Group's financial markets business operations. The financial markets business enters into inter-bank money market transactions, repurchases transactions and investments. Other segments represent assets, liabilities, income and expenses which cannot be directly attributable or cannot be allocated to a segment on a reasonable basis.

Zhongyuan Bank Co (HKSE:01216) Headlines

No Headlines