Ajial Real Estate & Entertainment Co (KUW:AREEC) Effective Interest Rate on Debt % : 5.23% (As of Mar. 2024)

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What is Ajial Real Estate & Entertainment 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. Ajial Real Estate & Entertainment Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD1.66 Mil. Ajial Real Estate & Entertainment Co's average total debt for the quarter that ended in Mar. 2024 was KWD31.83 Mil. Therefore, Ajial Real Estate & Entertainment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.23%.

Ajial Real Estate & Entertainment Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ajial Real Estate & Entertainment 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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Ajial Real Estate & Entertainment Co Effective Interest Rate on Debt % Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.64

2.68

1.76

2.53

5.22

Ajial Real Estate & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.66	5.20	5.27	5.59	5.23

Competitive Comparison of Ajial Real Estate & Entertainment Co's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Ajial Real Estate & Entertainment 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.

Ajial Real Estate & Entertainment Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ajial Real Estate & Entertainment Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ajial Real Estate & Entertainment Co's Effective Interest Rate on Debt % falls into.

Ajial Real Estate & Entertainment Co Effective Interest Rate on Debt % Calculation

Ajial Real Estate & Entertainment 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 * -1.691	/	( (33.101	+	31.75)	/ 2 )
=	-1 * -1.691	/	32.4255
=	5.22 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.75	+	1.351
=	33.101

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.25	+	1.5
=	31.75

Ajial Real Estate & Entertainment Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1.664	/	( (31.75	+	31.903)	/ 2 )
=	-1 * -1.664	/	31.8265
=	5.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.25	+	1.5
=	31.75

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.875	+	2.028
=	31.903

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ajial Real Estate & Entertainment Co (KUW:AREEC) Effective Interest Rate on Debt % Explanation

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

Ajial Real Estate & Entertainment Co Effective Interest Rate on Debt % Related Terms

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Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ajial Real Estate & Entertainment Co (KUW:AREEC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085

Website

http://www.ajial-realestate.com

Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.

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