Dubai Financial Market PJSC (DFM:DFM) Effective Interest Rate on Debt % : 0.87% (As of Dec. 2023)

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What is Dubai Financial Market 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. Dubai Financial Market PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ0.3 Mil. Dubai Financial Market PJSC's average total debt for the quarter that ended in Dec. 2023 was د.إ36.8 Mil. Therefore, Dubai Financial Market PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.87%.

Dubai Financial Market PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Dubai Financial Market 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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Dubai Financial Market PJSC Effective Interest Rate on Debt % Chart

Dubai Financial Market PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.49

5.62

5.51

2.29

0.30

Dubai Financial Market 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															-1.24	0.40	-	-	0.87

Competitive Comparison of Dubai Financial Market PJSC's Effective Interest Rate on Debt %

For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market 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.

Dubai Financial Market PJSC's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Dubai Financial Market PJSC's Effective Interest Rate on Debt % falls into.

Dubai Financial Market PJSC Effective Interest Rate on Debt % Calculation

Dubai Financial Market 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 * -0.117	/	( (41.074	+	36.654)	/ 2 )
=	-1 * -0.117	/	38.864
=	0.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.189	+	8.885
=	41.074

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.34	+	34.314
=	36.654

Dubai Financial Market 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 * -0.32	/	( (37	+	36.654)	/ 2 )
=	-1 * -0.32	/	36.827
=	0.87 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.668	+	1.332
=	37

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.34	+	34.314
=	36.654

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.

Dubai Financial Market PJSC (DFM:DFM) Effective Interest Rate on Debt % Explanation

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

Dubai Financial Market PJSC Effective Interest Rate on Debt % Related Terms

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Dubai Financial Market PJSC (DFM:DFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Dubai Financial Market PJSC (DFM:DFM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 9700, Reception - Mezzanine Floor, Dubai World Trade Center Building, Dubai, ARE

Website

https://www.dfm.ae

Dubai Financial Market PJSC (DFM) operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company operates according to the principles of Sharia law. Revenue is derived from trading, investment, administration, and DFM's subsidiaries. Trading constitutes a majority of revenue.

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