United Arab Bank PJSC (ADX:UAB) Effective Interest Rate on Debt % : 112.15% (As of Dec. 2023)

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What is United Arab Bank PJSC 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. United Arab Bank PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ833.2 Mil. United Arab Bank PJSC's average total debt for the quarter that ended in Dec. 2023 was د.إ742.9 Mil. Therefore, United Arab Bank PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 112.15%.

United Arab Bank PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for United Arab Bank PJSC'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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United Arab Bank PJSC Effective Interest Rate on Debt % Chart

United Arab Bank PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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43.36

46.00

1,905.46

7,159.07

141.57

United Arab Bank PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															41,410.67	33,409.65	-	-	112.15

Competitive Comparison of United Arab Bank PJSC's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, United Arab Bank PJSC'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.

United Arab Bank PJSC's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where United Arab Bank PJSC's Effective Interest Rate on Debt % falls into.

United Arab Bank PJSC Effective Interest Rate on Debt % Calculation

United Arab Bank PJSC'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 * -526.672	/	( (1.181	+	742.88)	/ 2 )
=	-1 * -526.672	/	372.0305
=	141.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.181	+	0
=	1.181

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	742.88	+	0
=	742.88

United Arab Bank PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -833.156	/	( (0	+	742.88)	/ 1 )
=	-1 * -833.156	/	742.88
=	112.15 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	742.88	+	0
=	742.88

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

United Arab Bank PJSC (ADX:UAB) Effective Interest Rate on Debt % Explanation

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

United Arab Bank PJSC Effective Interest Rate on Debt % Related Terms

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United Arab Bank PJSC (ADX:UAB) Business Description

Industry

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Address

Emirate of Sharjah, P.O. Box 25022, Sharjah, ARE

Website

https://www.uab.ae

United Arab Bank PJSC provides financial services. It is organized into two segments: Wholesale Banking and Retail Banking. Wholesale banking handles loans and other credit facilities and deposits and current accounts for corporate and institutional customers. It also includes Financial Markets which are involved in providing money market, trading, and treasury services, as well as the management of the Bank's funding operations. Retail banking handles individual customers' deposits and provides consumer-type loans, overdrafts, credit card facilities, and funds transfer facilities as well as Islamic banking services. Geographically, the bank operates within Middle East.

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