Philippine Trust Co (PHS:PTC) Effective Interest Rate on Debt % : 2,140.22% (As of Mar. 2024)

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What is Philippine Trust 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. Philippine Trust Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₱6,505 Mil. Philippine Trust Co's average total debt for the quarter that ended in Mar. 2024 was ₱304 Mil. Therefore, Philippine Trust Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2,140.22%.

Philippine Trust Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Philippine Trust 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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Philippine Trust Co Effective Interest Rate on Debt % Chart

Philippine Trust Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2,824.24

2,015.51

1,070.14

1,468.28

2,137.16

Philippine Trust Co 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															2,316.59	-	-	1,880.30	2,140.22

Competitive Comparison of Philippine Trust Co's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Philippine Trust 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.

Philippine Trust Co's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Philippine Trust Co Effective Interest Rate on Debt % Calculation

Philippine Trust 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 * -5319.491	/	( (193.87	+	303.94)	/ 2 )
=	-1 * -5319.491	/	248.905
=	2,137.16 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	193.87	+	0
=	193.87

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	303.94	+	0
=	303.94

Philippine Trust Co'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 * -6504.984	/	( (303.94	+	0)	/ 1 )
=	-1 * -6504.984	/	303.94
=	2,140.22 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	303.94	+	0
=	303.94

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

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.

Philippine Trust Co (PHS:PTC) Effective Interest Rate on Debt % Explanation

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

Philippine Trust Co Effective Interest Rate on Debt % Related Terms

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Philippine Trust Co (PHS:PTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Philippine Trust Co (PHS:PTC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 United Nation Avenue, Corner San Marcelino Street, Philtrust Bank Building, Manila, PHL, 1007

Website

https://www.philtrustbank.com

Philippine Trust Co is a Philippine banking corporation. The bank's services can be grouped into domestic and international. Under the umbrella of its domestic services, the bank provides checking account, savings account, business loans, time deposits, remittances, safe deposit boxes and securities investments. The company's core revenues can be attributed to the domestic segment. In its international services segment, it has services such as import financing, export financing, inward remittances, outward remittances and domestic remittances. The company also operates various kinds of trusts such as Life Insurance Trust, personal living trust, stock and transfer agencies and directional investment management accounts.