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Bank of Jiujiang Co (HKSE:06190) Effective Interest Rate on Debt % : 35.28% (As of Dec. 2023)


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What is Bank of Jiujiang 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 Jiujiang Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$12,280 Mil. Bank of Jiujiang Co's average total debt for the quarter that ended in Dec. 2023 was HK$34,803 Mil. Therefore, Bank of Jiujiang Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 35.28%.


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

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

Bank of Jiujiang Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 18.40 25.74 37.36 35.48 33.57

Bank of Jiujiang 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.13 36.58 38.97 40.59 35.28

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

For the Banks - Regional subindustry, Bank of Jiujiang 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 Jiujiang Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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



Bank of Jiujiang Co Effective Interest Rate on Debt % Calculation

Bank of Jiujiang 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  *  -12343.063/( (32527.52+41003.798)/ 2 )
=-1  *  -12343.063/36765.659
=33.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32527.52 + 0
=32527.52

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41003.798 + 0
=41003.798

Bank of Jiujiang 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  *  -12279.828/( (28602.599+41003.798)/ 2 )
=-1  *  -12279.828/34803.1985
=35.28 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28602.599 + 0
=28602.599

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41003.798 + 0
=41003.798

* 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 Jiujiang Co  (HKSE:06190) 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 Jiujiang Co Effective Interest Rate on Debt % Related Terms

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Bank of Jiujiang Co (HKSE:06190) Business Description

Traded in Other Exchanges
N/A
Address
No. 619 Changhong Avenue, Lianxi District, Jiangxi Province, Jiujiang, CHN, 332000
Bank of Jiujiang Co Ltd is a regional commercial bank dedicated to providing a full range of financial services to small and micro enterprises, individual operators and mass customers. It provides convenient 24-hour online services to customers through electronic banking channels such as online banking, telephone banking, mobile banking, self-service banking and WeChat banking. Its offerings include corporate loans, working capital loans, fixed asset loans, trade finance, demand deposits, time deposits, margin deposits, settlement services and letters of guarantee services. The operating business segments are Corporate banking business, Retail banking business, and Financial market business. The maximum revenue of the company is derived from the Corporate banking business.

Bank of Jiujiang Co (HKSE:06190) Headlines

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