Raysut Cement CoOG (MUS:RCCI) Effective Interest Rate on Debt % : 10.04% (As of Jun. 2024)

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What is Raysut Cement 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. Raysut Cement CoOG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ر.ع6.01 Mil. Raysut Cement CoOG's average total debt for the quarter that ended in Jun. 2024 was ر.ع59.91 Mil. Therefore, Raysut Cement CoOG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 10.04%.

Raysut Cement CoOG Effective Interest Rate on Debt % Historical Data

The historical data trend for Raysut Cement 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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Raysut Cement CoOG Effective Interest Rate on Debt % Chart

Raysut Cement CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.08

5.17

5.93

5.70

9.99

Raysut Cement CoOG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.85	-	-	9.90	10.04

Competitive Comparison of Raysut Cement CoOG's Effective Interest Rate on Debt %

For the Building Materials subindustry, Raysut Cement 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.

Raysut Cement CoOG's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Raysut Cement CoOG's Effective Interest Rate on Debt % distribution charts can be found below:

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

Raysut Cement CoOG Effective Interest Rate on Debt % Calculation

Raysut Cement 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 * -6.318	/	( (64.83	+	61.709)	/ 2 )
=	-1 * -6.318	/	63.2695
=	9.99 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.466	+	23.364
=	64.83

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.744	+	14.965
=	61.709

Raysut Cement 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 * -6.012	/	( (60.578	+	59.236)	/ 2 )
=	-1 * -6.012	/	59.907
=	10.04 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.277	+	14.301
=	60.578

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.033	+	15.203
=	59.236

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.

Raysut Cement CoOG (MUS:RCCI) Effective Interest Rate on Debt % Explanation

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

Raysut Cement CoOG Effective Interest Rate on Debt % Related Terms

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Raysut Cement CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Raysut Cement Co SAOG (MUS:RCCI) » Definitions » Effective Interest Rate on Debt %

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Address

Raysut Industrial Area, P.O.Box 1020, Salalah, OMN, 211

Website

https://www.raysutcement.om

Raysut Cement Co SAOG is engaged in the production and sale of cement in Oman. Its products include portland cement, sulphur resistant cement, oil well class cement and pozzolana well cement. The company sells its products in domestic and international markets including Oman, Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania and Sudan.

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