Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Kuwait Reinsurance Co KSC 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. Kuwait Reinsurance Co KSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was KWD7.30 Mil. Kuwait Reinsurance Co KSC's average total debt for the quarter that ended in Dec. 2023 was KWD0.00 Mil. Therefore, Kuwait Reinsurance Co KSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Kuwait Reinsurance Co KSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Kuwait Reinsurance Co KSC'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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Kuwait Reinsurance Co KSC Effective Interest Rate on Debt % Chart

Kuwait Reinsurance Co KSC Annual Data

Trend

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Effective Interest Rate on Debt %

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Kuwait Reinsurance Co KSC Quarterly Data
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Competitive Comparison of Kuwait Reinsurance Co KSC's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, Kuwait Reinsurance Co KSC'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.

Kuwait Reinsurance Co KSC's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Kuwait Reinsurance Co KSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kuwait Reinsurance Co KSC's Effective Interest Rate on Debt % falls into.

Kuwait Reinsurance Co KSC Effective Interest Rate on Debt % Calculation

Kuwait Reinsurance Co KSC'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 * -6.618	/	( (0	+	0)	/ 1 )
=	-1 * -6.618	/	0
=	N/A %

where

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

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

Kuwait Reinsurance Co KSC'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 * -7.296	/	( (0	+	0)	/ 1 )
=	-1 * -7.296	/	0
=	N/A %

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
=	0	+	0
=	0

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.

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Effective Interest Rate on Debt % Explanation

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

Kuwait Reinsurance Co KSC Effective Interest Rate on Debt % Related Terms

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Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kuwait Reinsurance Co KSC (KUW:KUWAITRE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Shuhada's Street, Kuwait Return Tower- 8, 9, 13 Floors, Al Sharq District, Kuwait, KWT

Website

https://www.kuwaitre.com

Kuwait Reinsurance Co KSC operates as a reinsurance company. It provides traditional and tailored reinsurance solutions to its customers in the energy sector in Kuwait. The company provides tailored risk solutions for a variety of industries. Their operating segments include Fire, General Accident, Marine, Energy, Aviation, and life. The majority of the revenue is derived from its fire insurance business. The company's activities are spread across Kuwait, the Middle East, and North Africa.

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