GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Effective Interest Rate on Debt %

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Effective Interest Rate on Debt % : 8.34% (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Saudi Aramco Base Oil Co - Luberef 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. Saudi Aramco Base Oil Co - Luberef's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ﷼138 Mil. Saudi Aramco Base Oil Co - Luberef's average total debt for the quarter that ended in Mar. 2024 was ﷼1,660 Mil. Therefore, Saudi Aramco Base Oil Co - Luberef's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.34%.


Saudi Aramco Base Oil Co - Luberef Effective Interest Rate on Debt % Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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.

* Premium members only.

Saudi Aramco Base Oil Co - Luberef Effective Interest Rate on Debt % Chart

Saudi Aramco Base Oil Co - Luberef Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
2.93 3.25 6.54

Saudi Aramco Base Oil Co - Luberef Quarterly Data
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 6.12 6.28 6.68 6.67 8.34

Competitive Comparison of Saudi Aramco Base Oil Co - Luberef's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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.


Saudi Aramco Base Oil Co - Luberef's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef's Effective Interest Rate on Debt % falls into.



Saudi Aramco Base Oil Co - Luberef Effective Interest Rate on Debt % Calculation

Saudi Aramco Base Oil Co - Luberef'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  *  -142.015/( (2212.651+2128.374)/ 2 )
=-1  *  -142.015/2170.5125
=6.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2038.076 + 174.575
=2212.651

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1907.592 + 220.782
=2128.374

Saudi Aramco Base Oil Co - Luberef'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  *  -138.364/( (2128.374+1191.097)/ 2 )
=-1  *  -138.364/1659.7355
=8.34 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1907.592 + 220.782
=2128.374

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1066.348 + 124.749
=1191.097

* 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.


Saudi Aramco Base Oil Co - Luberef  (SAU:2223) Effective Interest Rate on Debt % Explanation

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


Saudi Aramco Base Oil Co - Luberef Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Saudi Aramco Base Oil Co - Luberef's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Traded in Other Exchanges
N/A
Address
Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432
Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Headlines

No Headlines