Electro Cable Egypt (CAI:ELEC) Effective Interest Rate on Debt %: 17.39% (As of Jun. 2023)

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CAI:ELEC Electro Cable Egypt CAI:ELEC
8 GF Score
Price E£2.17
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What is Electro Cable Egypt Effective Interest Rate on Debt %?

Electro Cable Egypt CAI:ELEC -1.36% 8 Effective Interest Rate on Debt % is 17.39% as of Jun. 2023. GuruFocus rates CAI:ELEC with a GF Score™ of 8/100.

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. Electro Cable Egypt's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was E£185 Mil. Electro Cable Egypt's average total debt for the quarter that ended in Jun. 2023 was E£1,061 Mil. Therefore, Electro Cable Egypt's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 17.39%.


Electro Cable Egypt  (CAI:ELEC) Effective Interest Rate on Debt % Explanation

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


Electro Cable Egypt Effective Interest Rate on Debt % Related Terms


Electro Cable Egypt Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt Effective Interest Rate on Debt % Chart

Electro Cable Egypt Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
0.00 0.00 0.00 18,680.43 12,546.04

Electro Cable Egypt Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Mar22 Jun22 Mar23 Jun23
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 41.75 0.00 146.46 26.63 17.39

Electro Cable Egypt Effective Interest Rate on Debt % Competitor Comparison

For the Electrical Equipment & Parts subindustry, Electro Cable Egypt'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.


Electro Cable Egypt Effective Interest Rate on Debt % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Cable Egypt's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Electro Cable Egypt's Effective Interest Rate on Debt % falls into.


CAI:ELEC
8GF Score
Electro Cable Egypt CAI:ELEC
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Electro Cable Egypt Effective Interest Rate on Debt % Calculation

Electro Cable Egypt'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  *  -53.007/( (0.506+0.339)/ 2 )
=-1  *  -53.007/0.4225
=12,546.04 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.339 + 0.167
=0.506

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.191 + 0.148
=0.339

Electro Cable Egypt's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -184.548/( (951.845+1170.558)/ 2 )
=-1  *  -184.548/1061.2015
=17.39 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=153.313 + 798.532
=951.845

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=241.232 + 929.326
=1170.558

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

What does a Effective Interest Rate on Debt % of 17.39% mean?
Electro Cable Egypt (CAI:ELEC) has a Effective Interest Rate on Debt % of 17.39% as of Jun. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Electro Cable Egypt and its competitors.
Is Electro Cable Egypt's Effective Interest Rate on Debt % too high?
Electro Cable Egypt's current Effective Interest Rate on Debt % is 17.39%. Overall, Electro Cable Egypt has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Electro Cable Egypt's Effective Interest Rate on Debt % compare to competitors?
Electro Cable Egypt's Effective Interest Rate on Debt % of 17.39% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Industrial Products company?
A good Effective Interest Rate on Debt % depends on the Industrial Products industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Electro Cable Egypt and its competitors. Electro Cable Egypt's current Effective Interest Rate on Debt % is 17.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electro Cable Egypt stock overvalued right now?
Electro Cable Egypt (CAI:ELEC) has a current Effective Interest Rate on Debt % of 17.39%. The current Effective Interest Rate on Debt % is 17.39%. Electro Cable Egypt's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Electro Cable Egypt (CAI:ELEC), the current Effective Interest Rate on Debt % is 17.39% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electro Cable Egypt Business Description

Address Ismaellia Canal Road, Km 4.6,6 th October Road, Mostorod Industrial Zone, Qualubia Governorate, Cairo, EGY
Electro Cable Egypt manufactures and markets power cables and telecommunication cables. Its products portfolio includes Enamelled Copper Wires, Overhead Bare Conductors, Telephone Wires and Cables and others.
8GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

E£2.17
Price