Al Jazeera Steel Products CoOG (MUS:ATMI) Effective Interest Rate on Debt % : 0.70% (As of Dec. 2023)

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What is Al Jazeera Steel Products CoOG 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. Al Jazeera Steel Products CoOG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ر.ع0.2 Mil. Al Jazeera Steel Products CoOG's average total debt for the quarter that ended in Dec. 2023 was ر.ع31.5 Mil. Therefore, Al Jazeera Steel Products CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.70%.

Al Jazeera Steel Products CoOG Effective Interest Rate on Debt % Historical Data

The historical data trend for Al Jazeera Steel Products CoOG'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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Al Jazeera Steel Products CoOG Effective Interest Rate on Debt % Chart

Al Jazeera Steel Products CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.30

0.27

0.28

0.26

0.70

Al Jazeera Steel Products CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													0.30	0.27	0.28	0.26	0.70

Competitive Comparison of Al Jazeera Steel Products CoOG's Effective Interest Rate on Debt %

For the Steel subindustry, Al Jazeera Steel Products CoOG'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.

Al Jazeera Steel Products CoOG's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Al Jazeera Steel Products CoOG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al Jazeera Steel Products CoOG's Effective Interest Rate on Debt % falls into.

Al Jazeera Steel Products CoOG Effective Interest Rate on Debt % Calculation

Al Jazeera Steel Products CoOG'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 * -0.221	/	( (27.048	+	35.949)	/ 2 )
=	-1 * -0.221	/	31.4985
=	0.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.476	+	25.572
=	27.048

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.612	+	21.337
=	35.949

Al Jazeera Steel Products CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.221	/	( (27.048	+	35.949)	/ 2 )
=	-1 * -0.221	/	31.4985
=	0.70 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.476	+	25.572
=	27.048

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.612	+	21.337
=	35.949

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Al Jazeera Steel Products CoOG (MUS:ATMI) Effective Interest Rate on Debt % Explanation

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

Al Jazeera Steel Products CoOG Effective Interest Rate on Debt % Related Terms

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Al Jazeera Steel Products CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Jazeera Steel Products Co SAOG (MUS:ATMI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327

Website

https://www.jazeerasteel.com

Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sale steel tube, pipes and structural products including associated work. The company deals in products such as Black pipes, Galvanized pipes, Hollow sections, CTL Sheets and Merchant bar, of which key revenue is derived from the sales of Merchant bars. Geographically, the group has a business presence in the GCC countries including Oman, North America and other countries.

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