Hily Holding PJSC (ADX:HH) Effective Interest Rate on Debt % : 13.07% (As of Dec. 2023)

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What is Hily Holding 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. Hily Holding PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ50.74 Mil. Hily Holding PJSC's average total debt for the quarter that ended in Dec. 2023 was د.إ388.22 Mil. Therefore, Hily Holding PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.07%.

Hily Holding PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Hily Holding 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.

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Hily Holding PJSC Effective Interest Rate on Debt % Chart

Hily Holding PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.40

4.84

3.90

5.86

10.56

Hily Holding 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															7.19	8.27	9.12	8.35	13.07

Competitive Comparison of Hily Holding PJSC's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Hily Holding 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.

Hily Holding PJSC's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hily Holding PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hily Holding PJSC's Effective Interest Rate on Debt % falls into.

Hily Holding PJSC Effective Interest Rate on Debt % Calculation

Hily Holding 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 * -34.877	/	( (269.249	+	391.383)	/ 2 )
=	-1 * -34.877	/	330.316
=	10.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	228.56	+	40.689
=	269.249

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.544	+	184.839
=	391.383

Hily Holding 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 * -50.736	/	( (385.064	+	391.383)	/ 2 )
=	-1 * -50.736	/	388.2235
=	13.07 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214.441	+	170.623
=	385.064

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.544	+	184.839
=	391.383

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.

Hily Holding PJSC (ADX:HH) Effective Interest Rate on Debt % Explanation

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

Hily Holding PJSC Effective Interest Rate on Debt % Related Terms

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Hily Holding PJSC (ADX:HH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hily Holding PJSC (ADX:HH) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Mena Zayed, Plot 4332, P.O. Box 2378, Abu Dhabi, ARE

Website

https://www.hilyholding.com

Hily Holding PJSC Formerly Foodco Holding PJSC is engaged in the import and distribution of foodstuff and household items in the United Arab Emirates, along with investing, development, and management of the real estate and commercial enterprises. It is organized into the following business segments - Investing in securities ("Investment in securities"); ii) Investing in properties ("Investment properties"); iii) Marine, air, and land shipment services along with management and operation of store and warehouses ("Freight forwarding and storage"); and iv) Wholesale and distribution of food products ("Trading").

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