ABSA Bank Kenya (NAI:ABSA) Effective Interest Rate on Debt % : 130.29% (As of Mar. 2024)

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What is ABSA Bank Kenya 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. ABSA Bank Kenya's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KES19,449 Mil. ABSA Bank Kenya's average total debt for the quarter that ended in Mar. 2024 was KES14,927 Mil. Therefore, ABSA Bank Kenya's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 130.29%.

ABSA Bank Kenya Effective Interest Rate on Debt % Historical Data

The historical data trend for ABSA Bank Kenya'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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ABSA Bank Kenya Effective Interest Rate on Debt % Chart

ABSA Bank Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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111.64

86.74

71.13

56.37

60.79

ABSA Bank Kenya 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															88.94	305.66	-	67.89	130.29

Competitive Comparison of ABSA Bank Kenya's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, ABSA Bank Kenya'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.

ABSA Bank Kenya's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

ABSA Bank Kenya Effective Interest Rate on Debt % Calculation

ABSA Bank Kenya'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 * -14219	/	( (20847	+	25933)	/ 2 )
=	-1 * -14219	/	23390
=	60.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20847	+	0
=	20847

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25933	+	0
=	25933

ABSA Bank Kenya'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 * -19448.924	/	( (25933	+	3921.904)	/ 2 )
=	-1 * -19448.924	/	14927.452
=	130.29 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25933	+	0
=	25933

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3921.904	+	0
=	3921.904

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.

ABSA Bank Kenya (NAI:ABSA) Effective Interest Rate on Debt % Explanation

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

ABSA Bank Kenya Effective Interest Rate on Debt % Related Terms

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ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

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