Al Ahlia Insurance CoOG (MUS:AINS) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2021)

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What is Al Ahlia Insurance CoOG 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. Al Ahlia Insurance CoOG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was ر.ع0.00 Mil. Al Ahlia Insurance CoOG's average total debt for the quarter that ended in Dec. 2021 was ر.ع1.02 Mil. Therefore, Al Ahlia Insurance CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 0.00%.

Al Ahlia Insurance CoOG Effective Interest Rate on Debt % Historical Data

The historical data trend for Al Ahlia Insurance CoOG'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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Al Ahlia Insurance CoOG Effective Interest Rate on Debt % Chart

Al Ahlia Insurance CoOG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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5.76

6.01

5.99

5.28

Al Ahlia Insurance CoOG Quarterly Data
	Sep16	Dec16	Mar17	Sep17	Dec17	Mar18	Dec18	Dec19	Dec20	Dec21	Dec22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Al Ahlia Insurance CoOG's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Al Ahlia Insurance CoOG'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.

Al Ahlia Insurance CoOG's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Ahlia Insurance CoOG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al Ahlia Insurance CoOG's Effective Interest Rate on Debt % falls into.

Al Ahlia Insurance CoOG Effective Interest Rate on Debt % Calculation

Al Ahlia Insurance CoOG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.05	/	( (0.914	+	0.979)	/ 2 )
=	-1 * -0.05	/	0.9465
=	5.28 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.472	+	0.442
=	0.914

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.506	+	0.473
=	0.979

Al Ahlia Insurance CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2020 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * 0	/	( (1.122	+	0.914)	/ 2 )
=	-1 * 0	/	1.018
=	0.00 %

where

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.122	+	0
=	1.122

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.472	+	0.442
=	0.914

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 (Dec. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Al Ahlia Insurance CoOG (MUS:AINS) Effective Interest Rate on Debt % Explanation

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

Al Ahlia Insurance CoOG Effective Interest Rate on Debt % Related Terms

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Al Ahlia Insurance CoOG (MUS:AINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahlia Insurance Co SAOG (MUS:AINS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ominvest Business Center, P.O. Box 1463, Ruwi, Muscat, OMN, 112

Website

https://www.alahliarsa.com

Al Ahlia Insurance Co SAOG is a non-life insurance company in Oman. It mainly writes short-term insurance contracts covering general risks. The company has two reportable segments: Motor and Non-motor.

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