Arabian Scandinavian Insurance Co (DFM:ASCANA) Effective Interest Rate on Debt % : 112.00% (As of Dec. 2023)

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What is Arabian Scandinavian Insurance 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. Arabian Scandinavian Insurance Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was د.إ0.59 Mil. Arabian Scandinavian Insurance Co's average total debt for the quarter that ended in Dec. 2023 was د.إ0.53 Mil. Therefore, Arabian Scandinavian Insurance Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 112.00%.

Arabian Scandinavian Insurance Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Arabian Scandinavian Insurance 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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Arabian Scandinavian Insurance Co Effective Interest Rate on Debt % Chart

Arabian Scandinavian Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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79.24

64.03

41.99

152.59

136.48

Arabian Scandinavian Insurance Co 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															182.20	77.28	-	-	112.00

Competitive Comparison of Arabian Scandinavian Insurance Co's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Arabian Scandinavian Insurance 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.

Arabian Scandinavian Insurance Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

* The bar in red indicates where Arabian Scandinavian Insurance Co's Effective Interest Rate on Debt % falls into.

Arabian Scandinavian Insurance Co Effective Interest Rate on Debt % Calculation

Arabian Scandinavian Insurance 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 * -0.941	/	( (0.854	+	0.525)	/ 2 )
=	-1 * -0.941	/	0.6895
=	136.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.854	+	0
=	0.854

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.525	+	0
=	0.525

Arabian Scandinavian Insurance Co'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 * -0.588	/	( (0	+	0.525)	/ 1 )
=	-1 * -0.588	/	0.525
=	112.00 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.525	+	0
=	0.525

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.

Arabian Scandinavian Insurance Co (DFM:ASCANA) Effective Interest Rate on Debt % Explanation

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

Arabian Scandinavian Insurance Co Effective Interest Rate on Debt % Related Terms

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Arabian Scandinavian Insurance Co (DFM:ASCANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Arabian Scandinavian Insurance Co PLC (DFM:ASCANA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Al Kazim Building, Al Garhoud, 3rd Floor, P.O. Box 1993, Dubai, ARE

Website

https://www.ascanatakaful.ae

Arabian Scandinavian Insurance Co PLC is a provider of general insurance and reinsurance services. Its general insurance covers motor, medical, life, personal accident, property, travel protection, money, professional indemnity, and engineering. The company is organized into two business segments: general takaful management and investment. The majority of the revenue is derived from the provision of general takaful management services. The Company only operates in U.AE., through its Dubai and Abu Dhabi office.

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