Mabanee Co KPSC (KUW:MABANEE) Effective Interest Rate on Debt % : 2.50% (As of Mar. 2024)

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What is Mabanee Co KPSC 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. Mabanee Co KPSC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD14.8 Mil. Mabanee Co KPSC's average total debt for the quarter that ended in Mar. 2024 was KWD594.7 Mil. Therefore, Mabanee Co KPSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.50%.

Mabanee Co KPSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Mabanee Co KPSC'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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Mabanee Co KPSC Effective Interest Rate on Debt % Chart

Mabanee Co KPSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.24

1.51

1.37

1.64

2.47

Mabanee Co KPSC 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															2.21	2.45	2.24	3.68	2.50

Competitive Comparison of Mabanee Co KPSC's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Mabanee Co KPSC'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.

Mabanee Co KPSC's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mabanee Co KPSC's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mabanee Co KPSC Effective Interest Rate on Debt % Calculation

Mabanee Co KPSC'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 * -12.003	/	( (407.497	+	562.955)	/ 2 )
=	-1 * -12.003	/	485.226
=	2.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	364.394	+	43.103
=	407.497

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	516.876	+	46.079
=	562.955

Mabanee Co KPSC'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 * -14.848	/	( (562.955	+	626.38)	/ 2 )
=	-1 * -14.848	/	594.6675
=	2.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	516.876	+	46.079
=	562.955

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	531.68	+	94.7
=	626.38

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.

Mabanee Co KPSC (KUW:MABANEE) Effective Interest Rate on Debt % Explanation

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

Mabanee Co KPSC Effective Interest Rate on Debt % Related Terms

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Mabanee Co KPSC (KUW:MABANEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mabanee Co KPSC (KUW:MABANEE) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052

Website

https://www.mabanee.com

Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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