Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) Effective Interest Rate on Debt %: 0.00% (As of Dec. 2022)

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What is Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt %?

Zain Al-Iraq Islamic Bank for Investment IQS:MTMT Effective Interest Rate on Debt % is 0.00% as of Dec. 2022.

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. Zain Al-Iraq Islamic Bank for Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was ع.د0 Mil. Zain Al-Iraq Islamic Bank for Investment's average total debt for the quarter that ended in Dec. 2022 was ع.د230,880 Mil. Therefore, Zain Al-Iraq Islamic Bank for Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 0.00%.

Zain Al-Iraq Islamic Bank for Investment  (IQS:MTMT) Effective Interest Rate on Debt % Explanation

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

Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt % Related Terms

Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt % Historical Data

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The historical data trend for Zain Al-Iraq Islamic Bank for Investment'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.

Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt % Chart

Zain Al-Iraq Islamic Bank for Investment Annual Data
Trend Dec21 Dec22
Effective Interest Rate on Debt %
0.00 0.00

Zain Al-Iraq Islamic Bank for Investment Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Effective Interest Rate on Debt % Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

IQS:MTMT vs : Effective Interest Rate on Debt % Comparison

For the Banks - Regional subindustry, Zain Al-Iraq Islamic Bank for Investment'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.

Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt % vs Banks Industry

For the Banks industry and Financial Services sector, Zain Al-Iraq Islamic Bank for Investment's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zain Al-Iraq Islamic Bank for Investment's Effective Interest Rate on Debt % falls into.


Zain Al-Iraq Islamic Bank for Investment Effective Interest Rate on Debt % Calculation

Zain Al-Iraq Islamic Bank for Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  0/( (67873.293+230880.299)/ 2 )
=-1  *  0/149376.796
=0.00 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=67873.293 + 0
=67873.293

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=230880.299 + 0
=230880.299

Zain Al-Iraq Islamic Bank for Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  0/( (0+230880.299)/ 1 )
=-1  *  0/230880.299
=0.00 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=230880.299 + 0
=230880.299

* 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 (Dec. 2022) 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 0.00% mean?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a Effective Interest Rate on Debt % of 0.00% as of Dec. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Zain Al-Iraq Islamic Bank for Investment and its competitors.
Is Zain Al-Iraq Islamic Bank for Investment's Effective Interest Rate on Debt % too high?
Zain Al-Iraq Islamic Bank for Investment's current Effective Interest Rate on Debt % is 0.00%.
How does Zain Al-Iraq Islamic Bank for Investment's Effective Interest Rate on Debt % compare to ?
Zain Al-Iraq Islamic Bank for Investment's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Banks 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 a Banks company?
A good Effective Interest Rate on Debt % depends on the Banks 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 Zain Al-Iraq Islamic Bank for Investment and its competitors. Zain Al-Iraq Islamic Bank for Investment's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zain Al-Iraq Islamic Bank for Investment stock overvalued right now?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. 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 Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT), the current Effective Interest Rate on Debt % is 0.00% as of Dec. 2022. 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.

Zain Al-Iraq Islamic Bank for Investment Business Description

Comparable Companies
Address Harthiya, Behind Al-Jibji Hospital, Al-Kazemi Complex, Location 212/Z25/Dar 46/1, Baghdad, IRQ
Zain Al-Iraq Islamic Bank for Investment is an Iraq-based company. It provides bank services such as Deposits and bank accounts, Islamic financing, Electronic payment services, Remittance services, Documentary credits, Letters of guarantee, and Mobile banking services.