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First Abu Dhabi Bank PJSC (ADX:FAB) Effective Interest Rate on Debt % : 67.06% (As of Dec. 2023)


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What is First Abu Dhabi Bank 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. First Abu Dhabi Bank PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ55,382 Mil. First Abu Dhabi Bank PJSC's average total debt for the quarter that ended in Dec. 2023 was د.إ82,583 Mil. Therefore, First Abu Dhabi Bank PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 67.06%.


First Abu Dhabi Bank PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for First Abu Dhabi Bank 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.

First Abu Dhabi Bank PJSC Effective Interest Rate on Debt % Chart

First Abu Dhabi Bank PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.78 7.68 5.40 14.69 47.33

First Abu Dhabi Bank PJSC 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 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 32.41 36.55 45.31 57.77 67.06

Competitive Comparison of First Abu Dhabi Bank PJSC's Effective Interest Rate on Debt %

For the Banks - Diversified subindustry, First Abu Dhabi Bank 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.


First Abu Dhabi Bank PJSC's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Abu Dhabi Bank PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Abu Dhabi Bank PJSC's Effective Interest Rate on Debt % falls into.



First Abu Dhabi Bank PJSC Effective Interest Rate on Debt % Calculation

First Abu Dhabi Bank PJSC'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  *  -43204.331/( (94794.109+87789.344)/ 2 )
=-1  *  -43204.331/91291.7265
=47.33 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94794.109 + 0
=94794.109

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=87789.344 + 0
=87789.344

First Abu Dhabi Bank PJSC'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  *  -55381.916/( (77377.255+87789.344)/ 2 )
=-1  *  -55381.916/82583.2995
=67.06 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=77377.255 + 0
=77377.255

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=87789.344 + 0
=87789.344

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Abu Dhabi Bank PJSC  (ADX:FAB) Effective Interest Rate on Debt % Explanation

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


First Abu Dhabi Bank PJSC Effective Interest Rate on Debt % Related Terms

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First Abu Dhabi Bank PJSC (ADX:FAB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Khalifa Business Park 1, P.O. Box 6316, FAB Building, Al Qurum District, Abu Dhabi, ARE
First Abu Dhabi Bank PJSC or FAB, is a Global bank headquartered in the United Arab Emirates. The company's segment includes Investment Banking; Corporate and commercial Banking Group; Consumer Banking; Global Private Banking and Head Office. It generates maximum revenue from the Investment Banking segment. IB offers banking and financing solutions, including corporate and Islamic finance, capital markets, transaction banking, trade, liquidity and cash management services along with a broad range of risk management solutions across credit, rates, FX and money market products.

First Abu Dhabi Bank PJSC (ADX:FAB) Headlines

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