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Bank of Tianjin Co (HKSE:01578) Effective Interest Rate on Debt % : 24.15% (As of Dec. 2023)


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What is Bank of Tianjin 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. Bank of Tianjin Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$21,874 Mil. Bank of Tianjin Co's average total debt for the quarter that ended in Dec. 2023 was HK$90,584 Mil. Therefore, Bank of Tianjin Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.15%.


Bank of Tianjin Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank of Tianjin 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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Bank of Tianjin Co Effective Interest Rate on Debt % Chart

Bank of Tianjin 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 13.37 15.09 16.96 18.56 21.87

Bank of Tianjin Co Semi-Annual Data
Dec13 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 17.71 18.62 18.79 22.02 24.15

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

For the Banks - Regional subindustry, Bank of Tianjin 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.


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

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

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



Bank of Tianjin Co Effective Interest Rate on Debt % Calculation

Bank of Tianjin 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  *  -21648.035/( (105671.855+92254.949)/ 2 )
=-1  *  -21648.035/98963.402
=21.87 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105671.855 + 0
=105671.855

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92254.949 + 0
=92254.949

Bank of Tianjin 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  *  -21874.052/( (88912.628+92254.949)/ 2 )
=-1  *  -21874.052/90583.7885
=24.15 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88912.628 + 0
=88912.628

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92254.949 + 0
=92254.949

* 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.


Bank of Tianjin Co  (HKSE:01578) Effective Interest Rate on Debt % Explanation

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


Bank of Tianjin Co Effective Interest Rate on Debt % Related Terms

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Bank of Tianjin Co (HKSE:01578) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 15 Youyi Road, Hexi District, Tianjin, CHN, 300201
Bank of Tianjin Co Ltd is a commercial bank providing banking and financial services. It also provides agency services for the housing maintenance fund. Its segments are corporate banking Business, personal banking Business, treasury business, and Others. Majority of its revenue generated from Personal Banking Business Segment. Geographical presence in Asia Pacific (excluding mainland China of which: attributed to Hong Kong, Europe and North America.

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