ADNOC Logistics & Services (ADX:ADNOCLS) Effective Interest Rate on Debt % : 0.92% (As of Dec. 2023)

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What is ADNOC Logistics & Services 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. ADNOC Logistics & Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ39 Mil. ADNOC Logistics & Services's average total debt for the quarter that ended in Dec. 2023 was د.إ4,166 Mil. Therefore, ADNOC Logistics & Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.92%.

ADNOC Logistics & Services Effective Interest Rate on Debt % Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Effective Interest Rate on Debt % Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.22

2.93

0.92

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	1.22	2.93	0.92

Competitive Comparison of ADNOC Logistics & Services's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Effective Interest Rate on Debt % falls into.

ADNOC Logistics & Services Effective Interest Rate on Debt % Calculation

ADNOC Logistics & Services'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 * -38.508	/	( (7269.084	+	1063.543)	/ 2 )
=	-1 * -38.508	/	4166.3135
=	0.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7233.206	+	35.878
=	7269.084

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	900.78	+	162.763
=	1063.543

ADNOC Logistics & Services'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: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -38.508	/	( (7269.084	+	1063.543)	/ 2 )
=	-1 * -38.508	/	4166.3135
=	0.92 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7233.206	+	35.878
=	7269.084

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	900.78	+	162.763
=	1063.543

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

ADNOC Logistics & Services (ADX:ADNOCLS) Effective Interest Rate on Debt % Explanation

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

ADNOC Logistics & Services Effective Interest Rate on Debt % Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

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