Romsdal Sparebank (OSL:ROMSB) Effective Interest Rate on Debt % : 19.10% (As of Mar. 2024)

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What is Romsdal Sparebank 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. Romsdal Sparebank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr240.1 Mil. Romsdal Sparebank's average total debt for the quarter that ended in Mar. 2024 was kr1,257.1 Mil. Therefore, Romsdal Sparebank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.10%.

Romsdal Sparebank Effective Interest Rate on Debt % Historical Data

The historical data trend for Romsdal Sparebank'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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Romsdal Sparebank Effective Interest Rate on Debt % Chart

Romsdal Sparebank Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.20

5.45

4.10

7.82

15.05

Romsdal Sparebank 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															13.77	14.49	15.98	17.63	19.10

Competitive Comparison of Romsdal Sparebank's Effective Interest Rate on Debt %

For the Financial Conglomerates subindustry, Romsdal Sparebank'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.

Romsdal Sparebank's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Romsdal Sparebank's Effective Interest Rate on Debt % distribution charts can be found below:

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

Romsdal Sparebank Effective Interest Rate on Debt % Calculation

Romsdal Sparebank'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 * -175.281	/	( (1039.155	+	1289.623)	/ 2 )
=	-1 * -175.281	/	1164.389
=	15.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1039.155	+	0
=	1039.155

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1289.623	+	0
=	1289.623

Romsdal Sparebank'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 * -240.092	/	( (1289.623	+	1224.571)	/ 2 )
=	-1 * -240.092	/	1257.097
=	19.10 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1289.623	+	0
=	1289.623

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1224.571	+	0
=	1224.571

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.

Romsdal Sparebank (OSL:ROMSB) Effective Interest Rate on Debt % Explanation

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

Romsdal Sparebank Effective Interest Rate on Debt % Related Terms

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Romsdal Sparebank (OSL:ROMSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Romsdal Sparebank (OSL:ROMSB) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Torget 14, Elnesvagen, NOR, 6440

Website

https://www.romsdalsbanken.no

Romsdal Sparebank offers comprehensive banking and insurance solutions for both retail and corporate customers. The company's services include mobile banking, online banking, bank cards, overseas payments, car loans, mortgage, loans for other vehicles, small loans and refinancing, fund savings, retirement savings, among others.

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