DAMAC Properties Dubai Co PJSC (DFM:DAMAC) Effective Interest Rate on Debt % : 7.32% (As of Dec. 2021)

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What is DAMAC Properties Dubai Co 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. DAMAC Properties Dubai Co PJSC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was د.إ203 Mil. DAMAC Properties Dubai Co PJSC's average total debt for the quarter that ended in Dec. 2021 was د.إ2,768 Mil. Therefore, DAMAC Properties Dubai Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 7.32%.

DAMAC Properties Dubai Co PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for DAMAC Properties Dubai Co 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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DAMAC Properties Dubai Co PJSC Effective Interest Rate on Debt % Chart

DAMAC Properties Dubai Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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6.36

6.71

6.55

6.71

6.50

DAMAC Properties Dubai Co PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.50	6.62	5.54	5.63	7.32

Competitive Comparison of DAMAC Properties Dubai Co PJSC's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, DAMAC Properties Dubai Co 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.

DAMAC Properties Dubai Co PJSC's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DAMAC Properties Dubai Co PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where DAMAC Properties Dubai Co PJSC's Effective Interest Rate on Debt % falls into.

DAMAC Properties Dubai Co PJSC Effective Interest Rate on Debt % Calculation

DAMAC Properties Dubai Co PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -194.536	/	( (3260.072	+	2728.384)	/ 2 )
=	-1 * -194.536	/	2994.228
=	6.50 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3135.238	+	124.834
=	3260.072

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2603.55	+	124.834
=	2728.384

DAMAC Properties Dubai Co PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2021 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * -202.656	/	( (2807.114	+	2728.384)	/ 2 )
=	-1 * -202.656	/	2767.749
=	7.32 %

where

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1341.68	+	1465.434
=	2807.114

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2603.55	+	124.834
=	2728.384

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

DAMAC Properties Dubai Co PJSC (DFM:DAMAC) Effective Interest Rate on Debt % Explanation

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

DAMAC Properties Dubai Co PJSC Effective Interest Rate on Debt % Related Terms

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DAMAC Properties Dubai Co PJSC (DFM:DAMAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DAMAC Properties Dubai Co PJSC (DFM:DAMAC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

SHSE:600639 SHSE:600325 OSTO:ATRLJ B XTAE:GVYM TPE:2542 HKSE:09993 SHSE:600376 HKSE:00813 SHSE:600773 SZSE:002146

Traded in Other Exchanges

N/A

Address

Al Barsha Heights (Tecom), P.O. Box 2195, Executive Heights Building, Dubai, ARE

Website

https://www.damacproperties.com

DAMAC Properties Dubai Co PJSC along with its subsidiaries is engaged in the development of properties in the Middle East. It develops high-end and luxury residential, commercial and leisure properties across the UAE and internationally. The company derives a majority of revenue from the UAE region.

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