Apex Investment PSC (ADX:APEX) Effective Interest Rate on Debt % : 12.91% (As of Sep. 2021)

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What is Apex Investment PSC 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. Apex Investment PSC's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was د.إ1.9 Mil. Apex Investment PSC's average total debt for the quarter that ended in Sep. 2021 was د.إ14.8 Mil. Therefore, Apex Investment PSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 12.91%.

Apex Investment PSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Apex Investment PSC'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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Apex Investment PSC Effective Interest Rate on Debt % Chart

Apex Investment PSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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6.41

3.29

1.09

2.66

24.28

Apex Investment PSC Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.11	26.66	28.29	18.72	12.91

Competitive Comparison of Apex Investment PSC's Effective Interest Rate on Debt %

For the Building Materials subindustry, Apex Investment PSC'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.

Apex Investment PSC's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Apex Investment PSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Apex Investment PSC's Effective Interest Rate on Debt % falls into.

Apex Investment PSC Effective Interest Rate on Debt % Calculation

Apex Investment PSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -4.501	/	( (22.014	+	15.063)	/ 2 )
=	-1 * -4.501	/	18.5385
=	24.28 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	22.014
=	22.014

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	15.063
=	15.063

Apex Investment PSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -1.912	/	( (11.587	+	18.032)	/ 2 )
=	-1 * -1.912	/	14.8095
=	12.91 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	11.587
=	11.587

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18.032
=	18.032

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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Apex Investment PSC (ADX:APEX) Effective Interest Rate on Debt % Explanation

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

Apex Investment PSC Effective Interest Rate on Debt % Related Terms

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Apex Investment PSC (ADX:APEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Apex Investment PSC (ADX:APEX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khor Khwair, P.O.Box : 2499, Ras Al Khaimah, ARE

Website

http://www.rakcc.ae

Apex Investment PSC formerly Ras Al Khaimah Cement Co operates in the cement industry. The company is mainly engaged in the producing and marketing of portland cement. The company caters to both the UAE market and the foreign market.