MIDAS Financing (DHA:MIDASFIN) Effective Interest Rate on Debt % : 0.00% (As of . 20)

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What is MIDAS Financing 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. MIDAS Financing's annualized positive value of Interest Expense for the quarter that ended in . 20 was BDT Mil. MIDAS Financing's average total debt for the quarter that ended in . 20 was BDT Mil. Therefore, MIDAS Financing's annualized Effective Interest Rate on Debt % for the quarter that ended in . 20 was %.

MIDAS Financing Effective Interest Rate on Debt % Historical Data

The historical data trend for MIDAS Financing'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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MIDAS Financing Effective Interest Rate on Debt % Chart

MIDAS Financing Annual Data

Trend

Effective Interest Rate on Debt %

MIDAS Financing Semi-Annual Data

Effective Interest Rate on Debt %

Competitive Comparison of MIDAS Financing's Effective Interest Rate on Debt %

For the Credit Services subindustry, MIDAS Financing'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.

MIDAS Financing's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, MIDAS Financing's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MIDAS Financing's Effective Interest Rate on Debt % falls into.

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MIDAS Financing Effective Interest Rate on Debt % Calculation

MIDAS Financing's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

MIDAS Financing's annualized Effective Interest Rate on Debt % for the quarter that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: . 20 )	+	Total Debt (Q: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (Q: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (Q: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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 one times the annual (. 20) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

MIDAS Financing (DHA:MIDASFIN) Effective Interest Rate on Debt % Explanation

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

MIDAS Financing Effective Interest Rate on Debt % Related Terms

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MIDAS Financing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » MIDAS Financing PLC (DHA:MIDASFIN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 16 (New), 27 (Old), MIDAS Center, House No.05, Dhanmondi R/A, Dhaka, BGD, 1209

Website

https://www.mfl.com.bd

MIDAS Financing PLC operates as a financial Institution in Bangladesh. It provides financial services such as small and medium enterprise (SME) finance, lease finance, auto finance, term finance, micro industries finance, consumers finance, housing finance, loan against lien of securities and others.

MIDAS Financing Headlines

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