Al-Zarka Educational & Investment Co (AMM:ZEIC) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Al-Zarka Educational & Investment Co 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-Zarka Educational & Investment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was JOD0.00 Mil. Al-Zarka Educational & Investment Co's average total debt for the quarter that ended in Mar. 2024 was JOD22.57 Mil. Therefore, Al-Zarka Educational & Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Al-Zarka Educational & Investment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Al-Zarka Educational & Investment Co'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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Al-Zarka Educational & Investment Co Effective Interest Rate on Debt % Chart

Al-Zarka Educational & Investment Co Annual Data

Trend

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Dec23

Effective Interest Rate on Debt %

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Al-Zarka Educational & Investment Co Quarterly Data
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Competitive Comparison of Al-Zarka Educational & Investment Co's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Al-Zarka Educational & Investment Co'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-Zarka Educational & Investment Co's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Al-Zarka Educational & Investment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al-Zarka Educational & Investment Co's Effective Interest Rate on Debt % falls into.

Al-Zarka Educational & Investment Co Effective Interest Rate on Debt % Calculation

Al-Zarka Educational & Investment Co'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 * 0	/	( (18.395	+	22.886)	/ 2 )
=	-1 * 0	/	20.6405
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.931	+	2.464
=	18.395

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.99	+	3.896
=	22.886

Al-Zarka Educational & Investment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (22.886	+	22.252)	/ 2 )
=	-1 * 0	/	22.569
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.99	+	3.896
=	22.886

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.825	+	4.427
=	22.252

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Al-Zarka Educational & Investment Co (AMM:ZEIC) Effective Interest Rate on Debt % Explanation

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

Al-Zarka Educational & Investment Co Effective Interest Rate on Debt % Related Terms

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Al-Zarka Educational & Investment Co (AMM:ZEIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Al-Zarka Educational & Investment Co (AMM:ZEIC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Zone, P.O. Box 132222, Al-Zarqa, JOR, 13132

Website

http://www.zu.edu.jo

Al-Zarka Educational & Investment Co provides educational services. It is a private university located in Zarqa city. The university offers quality education that provides students with the knowledge and the essential skills need to upgrade academic achievements, achieve comprehensive and integrated development of their personalities, prepare them for the future and form their positive perspectives.

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