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Tamdeen Real Estate Co KSCC (KUW:TAM) Effective Interest Rate on Debt % : 5.21% (As of Mar. 2024)


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What is Tamdeen Real Estate Co KSCC 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. Tamdeen Real Estate Co KSCC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was KWD8.05 Mil. Tamdeen Real Estate Co KSCC's average total debt for the quarter that ended in Mar. 2024 was KWD154.62 Mil. Therefore, Tamdeen Real Estate Co KSCC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.21%.


Tamdeen Real Estate Co KSCC Effective Interest Rate on Debt % Historical Data

The historical data trend for Tamdeen Real Estate Co KSCC'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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Tamdeen Real Estate Co KSCC Effective Interest Rate on Debt % Chart

Tamdeen Real Estate Co KSCC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.10 3.11 2.61 3.13 4.99

Tamdeen Real Estate Co KSCC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.17 5.08 5.14 5.32 5.21

Competitive Comparison of Tamdeen Real Estate Co KSCC's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Tamdeen Real Estate Co KSCC'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.


Tamdeen Real Estate Co KSCC's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

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



Tamdeen Real Estate Co KSCC Effective Interest Rate on Debt % Calculation

Tamdeen Real Estate Co KSCC'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  *  -8.295/( (177.727+154.689)/ 2 )
=-1  *  -8.295/166.208
=4.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=73.125 + 104.602
=177.727

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=68.74 + 85.949
=154.689

Tamdeen Real Estate Co KSCC'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  *  -8.052/( (154.689+154.556)/ 2 )
=-1  *  -8.052/154.6225
=5.21 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=68.74 + 85.949
=154.689

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.353 + 78.203
=154.556

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


Tamdeen Real Estate Co KSCC  (KUW:TAM) Effective Interest Rate on Debt % Explanation

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


Tamdeen Real Estate Co KSCC Effective Interest Rate on Debt % Related Terms

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Tamdeen Real Estate Co KSCC (KUW:TAM) Business Description

Traded in Other Exchanges
N/A
Address
Mall - Sixth Ring Road, South Surra, 360 Complex, P.O. Box 21816, 4th Floor, Block 7, Al-Zahraa District, Safat, Kuwait, KWT, 13079
Tamdeen Real Estate Co KSCC operates as a real estate investment and development company. The business activity of the company includes the development of real estate projects and construction contracts of buildings, managing the properties of others. In addition, the group is also involved in providing consultation services on asset utilization for individual clients, as well as consultation and advisory services on merger and acquisition, and business succession for corporate clients; investment and portfolio management services; and research and analysis services. The company operates in two reportable segments that are the real estate and investment. It generates maximum revenue from Investment segment.

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