JiangXi Bank Co (HKSE:01916) Effective Interest Rate on Debt % : 21.47% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is JiangXi 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. JiangXi Bank Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$12,449 Mil. JiangXi Bank Co's average total debt for the quarter that ended in Dec. 2023 was HK$57,986 Mil. Therefore, JiangXi Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.47%.

JiangXi Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for JiangXi 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.

JiangXi Bank Co Effective Interest Rate on Debt % Chart

JiangXi Bank Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

13.70

18.33

22.32

20.03

21.04

JiangXi Bank Co Semi-Annual Data
	Dec15	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											22.82	18.82	17.54	18.64	21.47

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

For the Banks - Regional subindustry, JiangXi 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.

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

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

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

JiangXi Bank Co Effective Interest Rate on Debt % Calculation

JiangXi 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 * -12194.703	/	( (64041.234	+	51895.954)	/ 2 )
=	-1 * -12194.703	/	57968.594
=	21.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64041.234	+	0
=	64041.234

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51895.954	+	0
=	51895.954

JiangXi 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 * -12449.418	/	( (64075.651	+	51895.954)	/ 2 )
=	-1 * -12449.418	/	57985.8025
=	21.47 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64075.651	+	0
=	64075.651

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51895.954	+	0
=	51895.954

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.

JiangXi Bank Co (HKSE:01916) Effective Interest Rate on Debt % Explanation

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

JiangXi Bank Co Effective Interest Rate on Debt % Related Terms

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

JiangXi Bank Co (HKSE:01916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiangXi Bank Co Ltd (HKSE:01916) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

https://www.jx-bank.com

JiangXi Bank Co Ltd operates as a commercial bank in China. The company's operating segments include Corporate banking; Retail banking and credit card; Financial markets business and others. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment provides a range of financial products and services to corporations, government agencies and financial institutions.

JiangXi Bank Co (HKSE:01916) Headlines

No Headlines