Aqar Real Estate Investments CoKC (KUW:AQAR) Effective Interest Rate on Debt % : 6.59% (As of Dec. 2023)

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What is Aqar Real Estate Investments CoKC 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. Aqar Real Estate Investments CoKC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was KWD0.44 Mil. Aqar Real Estate Investments CoKC's average total debt for the quarter that ended in Dec. 2023 was KWD6.67 Mil. Therefore, Aqar Real Estate Investments CoKC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.59%.

Aqar Real Estate Investments CoKC Effective Interest Rate on Debt % Historical Data

The historical data trend for Aqar Real Estate Investments CoKC'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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Aqar Real Estate Investments CoKC Effective Interest Rate on Debt % Chart

Aqar Real Estate Investments CoKC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.13

4.23

3.15

3.96

6.12

Aqar Real Estate Investments CoKC 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															5.21	5.36	6.26	6.42	6.59

Competitive Comparison of Aqar Real Estate Investments CoKC's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Aqar Real Estate Investments CoKC'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.

Aqar Real Estate Investments CoKC's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aqar Real Estate Investments CoKC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aqar Real Estate Investments CoKC's Effective Interest Rate on Debt % falls into.

Aqar Real Estate Investments CoKC Effective Interest Rate on Debt % Calculation

Aqar Real Estate Investments CoKC'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 * -0.418	/	( (7.02	+	6.65)	/ 2 )
=	-1 * -0.418	/	6.835
=	6.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.54	+	4.48
=	7.02

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.439	+	4.211
=	6.65

Aqar Real Estate Investments CoKC'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 * -0.44	/	( (6.696	+	6.65)	/ 2 )
=	-1 * -0.44	/	6.673
=	6.59 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.533	+	4.163
=	6.696

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.439	+	4.211
=	6.65

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.

Aqar Real Estate Investments CoKC (KUW:AQAR) Effective Interest Rate on Debt % Explanation

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

Aqar Real Estate Investments CoKC Effective Interest Rate on Debt % Related Terms

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Aqar Real Estate Investments CoKC (KUW:AQAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aqar Real Estate Investments Co SAKC (KUW:AQAR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Al Sharq - Al Shuhada’a Street, P.O. BOX 20017, Al-Eada Al-Kuwaitia Tower - Floor 14, Safat, Kuwait City, KWT, 13061

Website

http://www.aqar.com.kw

Aqar Real Estate Investments Co SAKC is a company based in Kuwait. It is engaged in trading, developing land and real estates, establishing, operating, and investing in hotels, motels, tourist resorts in addition to trading in shares and bonds of real estate companies as well as performing real estate consultancy services. The company operates in three segments which include Real estate segment, Investments segment, and Other segments.

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