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Al Wathba National Insurance Co PJSC (ADX:AWNIC) Effective Interest Rate on Debt % : 2.29% (As of Dec. 2021)


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What is Al Wathba National Insurance Co 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. Al Wathba National Insurance Co PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was د.إ8.1 Mil. Al Wathba National Insurance Co PJSC's average total debt for the quarter that ended in Dec. 2021 was د.إ355.8 Mil. Therefore, Al Wathba National Insurance Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 2.29%.


Al Wathba National Insurance Co PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Al Wathba National Insurance Co 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.

* Premium members only.

Al Wathba National Insurance Co PJSC Effective Interest Rate on Debt % Chart

Al Wathba National Insurance Co PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.23 5.06 3.48 2.34 4.08

Al Wathba National Insurance Co PJSC Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.45 2.19 2.39 2.29 -

Competitive Comparison of Al Wathba National Insurance Co PJSC's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Al Wathba National Insurance Co 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.


Al Wathba National Insurance Co PJSC's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Wathba National Insurance Co PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al Wathba National Insurance Co PJSC's Effective Interest Rate on Debt % falls into.



Al Wathba National Insurance Co PJSC Effective Interest Rate on Debt % Calculation

Al Wathba National Insurance Co PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -11.466/( (352.481+208.943)/ 2 )
=-1  *  -11.466/280.712
=4.08 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=352.481 + 0
=352.481

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=208.943 + 0
=208.943

Al Wathba National Insurance Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2021 )+Total Debt  (Q: Dec. 2021 ))/ count )
=-1  *  -8.144/( (359.085+352.481)/ 2 )
=-1  *  -8.144/355.783
=2.29 %

where

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=359.085 + 0
=359.085

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=352.481 + 0
=352.481

* 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.

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


Al Wathba National Insurance Co PJSC  (ADX:AWNIC) Effective Interest Rate on Debt % Explanation

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


Al Wathba National Insurance Co PJSC Effective Interest Rate on Debt % Related Terms

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Al Wathba National Insurance Co PJSC (ADX:AWNIC) Business Description

Traded in Other Exchanges
N/A
Address
Najda Street, Al Wathba National Insurance Building, P.O. Box 45154, Abu Dhabi, ARE
Al Wathba National Insurance Co PJSC is an insurance company based in Abu Dhabi. The Company's principal activity is the writing of general insurance business of all classes. The company's operating segment includes Marine and Aviation; Fire and General Accident; Medical; Motor and Investments.

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