Bank Islam Malaysia Bhd (XKLS:5258) Effective Interest Rate on Debt % : 68.97% (As of Mar. 2024)

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What is Bank Islam Malaysia Bhd 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. Bank Islam Malaysia Bhd's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was RM1,797 Mil. Bank Islam Malaysia Bhd's average total debt for the quarter that ended in Mar. 2024 was RM2,606 Mil. Therefore, Bank Islam Malaysia Bhd's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 68.97%.

Bank Islam Malaysia Bhd Effective Interest Rate on Debt % Historical Data

The historical data trend for Bank Islam Malaysia Bhd'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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Bank Islam Malaysia Bhd Effective Interest Rate on Debt % Chart

Bank Islam Malaysia Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.04

48.87

41.83

48.78

70.80

Bank Islam Malaysia Bhd 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															70.73	71.20	72.21	73.11	68.97

Competitive Comparison of Bank Islam Malaysia Bhd's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bank Islam Malaysia Bhd'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.

Bank Islam Malaysia Bhd's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

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

Bank Islam Malaysia Bhd Effective Interest Rate on Debt % Calculation

Bank Islam Malaysia Bhd'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 * -1813.267	/	( (2517.677	+	2604.714)	/ 2 )
=	-1 * -1813.267	/	2561.1955
=	70.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2517.677	+	0
=	2517.677

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2604.714	+	0
=	2604.714

Bank Islam Malaysia Bhd'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 * -1797.34	/	( (2604.714	+	2607.603)	/ 2 )
=	-1 * -1797.34	/	2606.1585
=	68.97 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2604.714	+	0
=	2604.714

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2607.603	+	0
=	2607.603

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.

Bank Islam Malaysia Bhd (XKLS:5258) Effective Interest Rate on Debt % Explanation

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

Bank Islam Malaysia Bhd Effective Interest Rate on Debt % Related Terms

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Bank Islam Malaysia Bhd (XKLS:5258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Islam Malaysia Bhd (XKLS:5258) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

No. 22, Jalan Perak, 32nd Floor, Menara Bank Islam, Kuala Lumpur, MYS, 50450

Website

https://www.bankislam.com

Bank Islam Malaysia Bhd is a Malaysia-based Islamic holding company that is principally engaged in providing financial products and services. The company is involved in Islamic business activities mainly through its investment in Shariah-compliant business entities. The company holds a 100% stake in Bank Islam Malaysia Berhad, which is the first Shariah-based bank in Malaysia and Southeast Asia. The company also has interests in venture capital, unit trusts, stock broking, offshore banking, and others.

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