Credito Emiliano (LTS:0K93) Effective Interest Rate on Debt % : 19.56% (As of Mar. 2024)

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What is Credito Emiliano 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. Credito Emiliano's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €963 Mil. Credito Emiliano's average total debt for the quarter that ended in Mar. 2024 was €4,923 Mil. Therefore, Credito Emiliano's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.56%.

Credito Emiliano Effective Interest Rate on Debt % Historical Data

The historical data trend for Credito Emiliano'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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Credito Emiliano Effective Interest Rate on Debt % Chart

Credito Emiliano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.12

2.04

3.12

3.99

15.21

Credito Emiliano Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.18	18.74	15.81	17.66	19.56

Competitive Comparison of Credito Emiliano's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Credito Emiliano'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.

Credito Emiliano's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Credito Emiliano's Effective Interest Rate on Debt % falls into.

Credito Emiliano Effective Interest Rate on Debt % Calculation

Credito Emiliano'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 * -723.196	/	( (4207.685	+	5304.381)	/ 2 )
=	-1 * -723.196	/	4756.033
=	15.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4207.685	+	0
=	4207.685

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5304.381	+	0
=	5304.381

Credito Emiliano's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -963.024	/	( (5304.381	+	4541.931)	/ 2 )
=	-1 * -963.024	/	4923.156
=	19.56 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5304.381	+	0
=	5304.381

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4541.931	+	0
=	4541.931

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 four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Credito Emiliano (LTS:0K93) Effective Interest Rate on Debt % Explanation

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

Credito Emiliano Effective Interest Rate on Debt % Related Terms

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Credito Emiliano (LTS:0K93) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credito Emiliano (LTS:0K93) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CDEFF:USA CE:Italy EAO:Germany

Address

Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100

Website

http://www.credem.it

Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.

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