National Gas CoOG (MUS:NGCI) Effective Interest Rate on Debt % : 7.17% (As of Jun. 2024)

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What is National Gas 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. National Gas CoOG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ر.ع0.59 Mil. National Gas CoOG's average total debt for the quarter that ended in Jun. 2024 was ر.ع8.20 Mil. Therefore, National Gas CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.17%.

National Gas CoOG Effective Interest Rate on Debt % Historical Data

The historical data trend for National Gas 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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National Gas CoOG Effective Interest Rate on Debt % Chart

National Gas CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.04

5.86

3.91

4.99

7.51

National Gas CoOG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.17	7.45	9.58	8.93	7.17

Competitive Comparison of National Gas CoOG's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, National Gas 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.

National Gas CoOG's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where National Gas CoOG's Effective Interest Rate on Debt % falls into.

National Gas CoOG Effective Interest Rate on Debt % Calculation

National Gas 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 * -0.604	/	( (9.33	+	6.745)	/ 2 )
=	-1 * -0.604	/	8.0375
=	7.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.09	+	7.24
=	9.33

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.891	+	4.854
=	6.745

National Gas CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.588	/	( (8.571	+	7.832)	/ 2 )
=	-1 * -0.588	/	8.2015
=	7.17 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.791	+	6.78
=	8.571

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.806	+	6.026
=	7.832

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

National Gas CoOG (MUS:NGCI) Effective Interest Rate on Debt % Explanation

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

National Gas CoOG Effective Interest Rate on Debt % Related Terms

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National Gas CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » National Gas Co SAOG (MUS:NGCI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN

Website

https://www.nationalgasco.net

National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.

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