First Finance Co (AMM:FFCO) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is First Finance 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. First Finance Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was JOD0.00 Mil. First Finance Co's average total debt for the quarter that ended in Mar. 2024 was JOD0.56 Mil. Therefore, First Finance Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

First Finance Co Effective Interest Rate on Debt % Historical Data

The historical data trend for First Finance 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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First Finance Co Effective Interest Rate on Debt % Chart

First Finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.53

1.89

3.00

2.40

2.66

First Finance 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															5.68	-	-	-	-

Competitive Comparison of First Finance Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, First Finance 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.

First Finance Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

First Finance Co Effective Interest Rate on Debt % Calculation

First Finance 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 * -0.017	/	( (0.674	+	0.604)	/ 2 )
=	-1 * -0.017	/	0.639
=	2.66 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.604	+	0.07
=	0.674

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.544	+	0.06
=	0.604

First Finance 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 * 0	/	( (0.604	+	0.523)	/ 2 )
=	-1 * 0	/	0.5635
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.544	+	0.06
=	0.604

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.523	+	0
=	0.523

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.

First Finance Co (AMM:FFCO) Effective Interest Rate on Debt % Explanation

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

First Finance Co Effective Interest Rate on Debt % Related Terms

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First Finance Co (AMM:FFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » First Finance Co (AMM:FFCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdullah II street, Building no. 172, Khalda, P.O. Box 144596, Amman, JOR, 11814

Website

http://www.ffc.jo

First Finance Co finances in various forms including direct financing of consumer goods and durables; real estate financing; finance small and medium projects; financing of stock and working capital. It offers automobile and vehicle finance for new and used cars, motorcycles, and boats and marine equipment; and real estate finance for building houses, construction materials, finishing works, maintenance and installation works, decoration works, and swimming pool construction. The company also invests in financial instruments.

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