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Security Bank (PHS:SECB) Effective Interest Rate on Debt % : 28.77% (As of Mar. 2024)


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What is Security Bank 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. Security Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₱12,764 Mil. Security Bank's average total debt for the quarter that ended in Mar. 2024 was ₱44,373 Mil. Therefore, Security Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 28.77%.


Security Bank Effective Interest Rate on Debt % Historical Data

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

Security Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.32 12.72 12.24 15.47 23.66

Security Bank 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.92 21.29 25.67 25.43 28.77

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

For the Banks - Regional subindustry, Security Bank'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.


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

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

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



Security Bank Effective Interest Rate on Debt % Calculation

Security Bank'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  *  -14361.436/( (66209.257+55168.687)/ 2 )
=-1  *  -14361.436/60688.972
=23.66 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=66209.257 + 0
=66209.257

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55168.687 + 0
=55168.687

Security Bank'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  *  -12764.204/( (55168.687+33577.761)/ 2 )
=-1  *  -12764.204/44373.224
=28.77 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=55168.687 + 0
=55168.687

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33577.761 + 0
=33577.761

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


Security Bank  (PHS:SECB) Effective Interest Rate on Debt % Explanation

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


Security Bank Effective Interest Rate on Debt % Related Terms

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Security Bank (PHS:SECB) Business Description

Industry
Traded in Other Exchanges
Address
6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719
Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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